OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust

Trustees’ Report and Financial Statements for the year ended 31 March 2022

Registered Charity Number: 1772556

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

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: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Trustees’ Report for the year ended 31 March 2022

The trustees are pleased to present their annual report, together with the financial statements of the charity, for the year ended 31 March 2022.

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 Victoria Kaye Dr Antonia Layard Peter Walker John Dolton – appointed 30 March 2022

1

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Trustees’ Report for the year ended 31 March 2022 (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 1 new trustees and one trustees has resigned.

A training and development programme for all trustees is being introduced by the Board. Other 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 meet regularly (approximately 6-weekly throughout this financial period) to review the charity’s work, progress and to develop plans for the future. The Board has adopted a focused strategic approach that is subject to annual review.

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

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.

2

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Trustees’ Report for the year ended 31 March 2022 (continued)

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.

3

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Trustees’ Report for the year ended 31 March 2022 (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 2022, Ardagh Community Trust continued to deliver public benefit to the people who live and work in the Horfield Common area, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said people 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 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. In furtherance of these objectives but not otherwise, the trustees shall have power: to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.

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

During 2021-22, the charity has continued to work to progress our long-term aim to achieve a sustainable future for the whole of the Ardagh site, and a community-led future and full regeneration of the site for the benefit of the local, and wider community. In May 2021, we were pleased to be able to host our first in-person consultation event of the year, focused on contributions to the 2021 community survey. The impact of access to the Ardagh gardens, open space, services and play spaces throughout the ongoing global pandemic, and the reimagining of the use of the site and community facilities for the future was a significant focus of this – from site users and local residents of all ages.

Ongoing, our community café service, delivered through our Social Enterprise and open daily to provide a fully-accessible community hub at the Ardagh remains central to our long-term income generating strategy.

4

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust

Trustees’ Report for the year ended 31 March 2022 (continued)

Achievements - continued

Externally-funded work focused on improvements to play at the site for local children & families has been supported by colleagues from Playful Bristol. Playful Bristol’s vision is a city where: all children can, grow, flourish and be happy, where play is an everyday part of life regardless of where children live or their families economic status; where every child’s needs for play is met and supported and where children’s play is celebrated citywide, supported by adults and by the built environment itself. Improvements at the site include the installation of a mud-kitchen available for play daily while the site is open. Additionally, an arts trail including workshops for children and families was created and delivered in Summer 2021, circus skills workshops for children and young people took place as part of the annual Halloween Celebrations and Christmas Decoration making workshops supported the delivery of our work for all ages.

A range of hand-made gifts, arts and crafts sales events provided a platform for local artists, makers and producers in our newly regenerated spaces at the Ardagh site.

The charity has received external grant funding to support the ongoing costs of a Gardener post to work with local volunteers to regenerate the Ardagh public gardens for the benefit of the local and wider community. Throughout this financial year, the volunteer-gardening group has worked weekly to improve the gardens and to increase useable space within the site for enjoyment by local people – whilst social distancing restrictions remained in place and following their relaxation.

Throughout this unprecedented year, the charity continued to provide space, facilities, services and opportunities for the local community. Public benefit has been delivered in line with the Charities Commission guidance throughout the financial period covered by these accounts.

Financial Review

The charity’s income for the year 2021-22 was £84,674. Total administrative costs of running the charity were: £48,358. Total administrative costs are reduced from 2020-21, following completion of the capital project to regenerate the pavilion to provide a year-round, fully-accessible community hub incorporating ACT’s wholly-owned Social Enterprise and Community Café, the Café on the Common. All surplus generated by the charity’s activities are re-invested into activities which progress the charity’s aims.

Ongoing throughout this financial year has been work by Trustees and designated employees to develop relationships, fundraising opportunities and partnerships to regenerate the currently dilapidated sports courts at the Ardagh site. This work remains ongoing at the time of writing this report.

41% of the charity’s income through this financial year has been generated by donations in support of the charity’s aims.

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.

5

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust

Trustees’ Report for the year ended 31 March 2022 (continued)

Principal risks and uncertainties - continued

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.

Reserves Policy

The Board reviews its reserves policy, at a minimum, on a quarterly basis as part of regular board meetings. The Board recognises that the review is an important part of its governance framework and forward financial planning.

The Trustees regard the 2022 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.

6

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Trustees’ Report for the year ended 31 March 2022 (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:

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:

Purple Lime Accountancy will be proposed for reappointment as Independent Examiners.

The trustees’ report was approved by order of the board of trustees on 14 December 2022 and signed on the board's behalf by:

.........................................................

Steve Strong – Chairperson

7

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

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 2022 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:

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 14 December 2022

8

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Statement of Financial Activities (incorporating an Income and Expenditure Account) for the year ended 31 March 2022

Unrestricted
funds
Notes
£
Income from:
Donations and legacies
3
55,452
Other trading activities
4
3,975
Investments
5
19
Total income
59,446
Expenditure on:
Charitable activities
8
21,802
Total expenditure
21,802
37,644
Transfers between funds
20
-
Net movement in funds
37,644
Reconciliation of funds
Total funds brought forward
233,991
Total funds carried forward
271,635
Net income / (expenditure)		 Restricted
funds
£
25,228
-
-
25,228
26,556
26,556
(1,328)
-
(1,328)
69,713
68,385		 Total
funds
2022
£
80,680
3,975
19
84,674
48,358
48,358
36,316
-
36,316
303,704
340,020		 Total
funds
2021
£
133,266
69
-
133,335
64,826
64,826
68,508
-
68,508
235,196
303,704

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

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Balance Sheet as at 31 March 2022

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
2022
2021
£
£
233,178
220,084
51,360
40,815
61,023
70,231
112,383
111,046
(5,541)
(27,426)
106,842
83,620
340,020
303,704
340,020
303,704
68,385
69,713
271,635
233,991
340,020
303,704

The Trustees acknowledge their responsibilities for:

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 14 December 2022 and were signed on its behalf by:

......................................................

Steve Strong - Chairperson

......................................................

Peter Walker - Trustee

The notes form part of these financial statements

10

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2022

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

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust

Notes to the financial statements for the year ended 31 March 2022 - 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

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2022 - 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
2022
2022
£
£
34,802
-
20,650
25,228
3,994
-
59,446
25,228
21,802
26,556
21,802
26,556
37,644
(1,328)
-
-
37,644
(1,328)		 Total
funds
2022
£
34,802
45,878
3,994
84,674
48,358
48,358
36,316
-
36,316

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

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2022 - 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		 2022
£
29,465
45,878
5,337
-
80,680
2022
£
75
3,900
3,975
2022
£
19		 2021
£
19,736
113,056
307
167
133,266
2021
£
9
60
69
2021
£
-

14

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust

Notes to the financial statements for the year ended 31 March 2022 - 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)
£
-
-		 2022 total
activities
£
75
3,900
3,975
2022
£
-
-
Support costs
(See note 10)
£
48,358
48,358
2022
£
-
-		 2021 total
activities
£
9
60
69
2021
£
-
-
Totals
£
48,358
48,358
2021
£
-
-

15

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2022 - 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
£

-

-

-

-

-

-

-

140

-

-

-

-

-

-

-

-

-

-

-
140		 Postcode
Local Trust
£
9,328
2,900
-
188
4,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-

16,416		 Quartet C19
Recovery &
Stabilisation
Fund
£

-

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-
-
-
-
-

10,000		 Weslyan
Foundation
£

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-		 Arts Council
Jubilee Fund
£

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-		 Asset
Depreciation
Fund
£

-

-

-

-

-

-

-

-

3,777

-

-

-

-

-

-

-

-

-

-

3,777		 Unrestricted
General
£
914
869
344
2,378
10,876

-

-
745

0
1,058

-

-
51
285

-

405

100

-

-

18,025		 2022
£

10,242

3,769

344

2,566

24,876

-

-

885

3,777

1,058

-

-

51

285

-
405
100

-

-

48,358		 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

-

64,826

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

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		 2022
£
-
-
2,900
-
2,900
2022
£
900
2,000
3,777
-		 2021
£
-
-
2,900
-
2,900
2021
£
900
2,000
3,077
-

16

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2022 - 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		 2022
2021
£
£
-
-
-
-
-
-
-
-

The average head count during the year was nil (2021: nil), these employees were distributed as follows:

Charitable - full-time
Charitable - part-time tutors
Governance and support		 2022
2021
-
-
-
-
-
-
-
-

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		 2022
2021
-
-
-
-
-
-
-
-
-
-

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 2022 and 2021.

17

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2022- continued

15 Tangible fixed assets

£
Cost
At 1 April 2021
8,000
Additions
-
At 31 March 2022
8,000
Depreciation
At 1 April 2021
3,334
Charge for year
2,667
At 31 March 2022
6,001
Net book value
At 31 March 2022
1,999
At 31 March 2021
4,666
Improvements to
property		 £
2,070
1,210
3,280
378
1,078
1,456
1,824
1,692
Fixtures
and fittings		 £
95
-
95
50
32
82
13
45
Office
equipment		 Totals
£
£
213,681
223,846
15,661
16,871
229,342
240,717
-
3,762
-
3,777
-
7,539
229,342
233,178
213,681
220,084
Asset under
Construction

16 Debtors

Trade debtors
Prepayments and accrued income
Other debtors
HM Revenue and Customs		 2022
£
20,809
-
30,551
-
51,360		 2021
£
22,259
-
16,495
2,061
40,815

18

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust

Notes to the financial statements for the year ended 31 March 2022 - 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 2021
Incoming resources deferred in the current year
Amounts released from the previous year
Deferred income at 31 March 2022		 2022
£
-
2,641
-
-
2,900
5,541
£
-
-
-
-		 2021
£
24,526
-
-
-
2,900
27,426

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		 2022
£
-
-
-
-
Land and		 2021
£
-
-
-
-
buildings		 2022
2021
£
£
-
-
-
-
-
-
-
-
Other operating leases

19 Analysis of net assets between funds

Fixed assets
Current assets
Current liabilities		 Unrestricted
funds
£
233,178
43,998
(5,541)
271,635		 Restricted
funds
£
-
68,385
-
68,385		 2022
Total funds
£
233,178
112,383
(5,541)
340,020		 2021
Total funds
£
220,084
111,046
(27,426)
303,704

19

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust

Notes to the financial statements for the year ended 31 March 2022 - continued

20 Movement in funds

At 1 April
2021
£
Unrestricted funds:
General Fund
13,908
Designated funds
Asset Depreciation Fund
220,084
233,991
Restricted funds:
Weslyan Foundation
9,600
Quartet C19 Recovery & Stabilisation
Fund
10,000
Postcode Local Trust
16,416
Power2Change
33,697
Arts Council Jubilee Fund
-
69,713
TOTAL FUNDS
303,704
Net movement in funds, included in the above are as		 Net movement
in funds
£
41,421
(3,777)
37,644
-
-
(16,416)
5,100
9,988
(1,328)
36,316
follows:		 £
-
-
-
-
-
-
-
-
-
-
Transfers
between funds		 At 31 March
2022
£
55,329
216,306
271,635
9,600
10,000
-
38,797
9,988
68,385
340,020
Unrestricted funds:
General Fund
Designated funds
Asset Depreciation Fund
Restricted funds
Weslyan Foundation
Quartet C19 Recovery & Stabilisation
Fund
Postcode Local Trust
Power2Change
Arts Council Jubilee Fund
TOTAL FUNDS		 Incoming
resources
£
59,446
-
59,446
-
10,000
-
5,240
9,988
25,228
84,674		 Resources
expended
£
(18,025)
(3,777)
(21,802)
-
(10,000)
(16,416)
(140)
-
(26,556)
(48,358)		 Movement in
funds
£
41,421
(3,777)
37,644
-
-
(16,416)
5,100
9,988
(1,328)
36,316

20

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2022 - continued

20 Movement in funds - continued

The tables below include comparative figures for movements in funds during the year ended 31 March 2021.

Unrestricted funds:
General Funds
Designated funds
Asset Depreciation Fund
Restricted funds:
Weslyan Foundation
Quartet C19 Recovery
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 funds
Designated funds
Asset Depreciation Fund
Restricted funds
Weslyan Foundation
Quartet C19 Recovery
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
-
-
-
-
31,133
4,608		 Movement in
funds
£
25,692
(3,077)
22,615
9,600
10,000
16,416
(4,717)
-
-
-
14,595
45,894
68,509

21

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust

Notes to the financial statements for the year ended 31 March 2022 - 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.

Arts Council Jubilee Fund

The fund is used to will support community and voluntary organisations in England to develop creative and cultural activities as part of Her Majesty The Queen’s Platinum Jubilee celebrations in June 2022

Transfers between funds

No transfers between funds completed for 2022. (2021: £6,468 transferred from restricted to unrestricted)

22

DocuSign Envelope ID: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Notes to the financial statements for the year ended 31 March 2022 - 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 £24,876 (2021:£44,918) during the year. At the year end, Horfield Common Community Interest Company owed £30,550 to Ardagh Community Trust (2021: £16,495 owed to)

Also, in the year Ardagh Community Trust received a donation of £7,500 (2021:£16,495) 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: D7E11B21-E6B5-4DC8-8F28-AED4A011C04A

Ardagh Community Trust Detailed Statement of Financial Activities for the year ended 31 March 2022

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		 2022
£
45,878
34,802
-
80,680
75
3,900
3,975
19
84,674
10,242
3,769
344
2,566
24,876
-
-
885
3,777
1,058
-
-
51
285
-
405
100
-
-
48,358
48,358
36,316		 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

24