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REGISTERED COMPANY NUMBER: 09683130 (England and Wales) REGISTERED CHARITY NUMBER: 1172625
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 July 2021
for
Love Your Community
Avalon Accounting Limited 12 Park Lane Tilehurst Reading Berkshire RG31 5DL
DocuSign Envelope ID: EF73D5D9-86ED-4861-9DB2-D00F918A9D6F
Love Your Community
Contents of the Financial Statements for the Year Ended 31 July 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 8 |
| Detailed Statement of Financial Activities | 9 | to | 10 |
DocuSign Envelope ID: EF73D5D9-86ED-4861-9DB2-D00F918A9D6F
Love Your Community
Report of the Trustees for the Year Ended 31 July 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09683130 (England and Wales)
Registered Charity number
1172625
Registered office
St Birinus House Langley Hill Calcot Reading Berkshire RG31 4QX
Trustees
Mr Graham Hedley Bates Mr Gary James Bowden Ms Jillian Wells Mr Gareth Charles Garnett Owen
Company Secretary
Ms. Jill Wells
27 April 2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr Gareth Charles Garnett Owen - Trustee
Page 1
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Love Your Community
Statement of Financial Activities for the Year Ended 31 July 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Other trading activities 2 127,358 Investment income 3 2 Other income 755 Total 128,115 EXPENDITURE ON Raising funds 105,188 Other 8,209 Total 113,397 NET INCOME 14,718 RECONCILIATION OF FUNDS Total funds brought forward 38,702 TOTAL FUNDS CARRIED FORWARD 53,420 |
Restricted fund £ 103,626 - - 103,626 103,509 - 103,509 117 - 117 |
2021 Total funds £ 230,984 2 755 231,741 208,697 8,209 216,906 14,835 38,702 53,537 |
2020 Total funds £ 113,779 29 4,656 |
|---|---|---|---|
| 118,464 82,708 7,709 |
|||
| 90,417 | |||
| 28,047 10,655 |
|||
| 38,702 |
The notes form part of these financial statements
Page 2
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Love Your Community
Balance Sheet 31 July 2021
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 8 269 - CURRENT ASSETS Cash at bank and in hand 56,123 117 CREDITORS Amounts falling due within one year 9 (2,972) - NET CURRENT ASSETS 53,151 117 TOTAL ASSETS LESS CURRENT LIABILITIES 53,420 117 NET ASSETS 53,420 117 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 269 56,240 (2,972) 53,268 53,537 53,537 53,420 117 53,537 |
2020 Total funds £ 359 39,808 (1,465) 38,343 38,702 38,702 38,702 - 38,702 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 27 April 2022
............................................. Mr Gareth Charles Garnett Owen - Trustee
The notes form part of these financial statements
Page 3
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Love Your Community
Notes to the Financial Statements for the Year Ended 31 July 2021
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance
TAXATION
The charity is exempt from corporation tax on its charitable activities.
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 the notes to the financial statements.
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.
2. OTHER TRADING ACTIVITIES
| Love Your Neighbour Little Acorns Fees received Uniform, trips fee etc. Utilities from RCC Job Retention Grant Early Years Pupil Premium DVD Income Carried forward |
2021 £ 103,626 84 125,428 1,105 - 421 100 220 230,984 |
2020 £ - - 110,890 1,174 1,215 - 400 100 |
|---|---|---|
| 113,779 |
continued...
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Love Your Community
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
2. OTHER TRADING ACTIVITIES - continued
| Brought forward INVESTMENT INCOME Deposit account interest NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases |
2021 £ 230,984 230,984 2021 £ 2 2021 £ 90 24,000 |
2020 £ 113,779 |
|---|---|---|
| 113,779 | ||
| 2020 £ 29 2020 £ 120 6,163 |
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Trustees & Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Other trading activities 113,779 Investment income 29 Other income 4,656 Total 118,464 EXPENDITURE ON Raising funds 82,708 |
2021 12 Restricted fund £ - - - - - |
2020 12 Total funds £ 113,779 29 4,656 118,464 82,708 |
|---|---|---|
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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Love Your Community
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| Other | 7,709 | - | 7,709 | ||
| Total | 90,417 | - | 90,417 | ||
| NET INCOME | 28,047 | - | 28,047 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 10,655 | - | 10,655 | ||
| TOTAL FUNDS CARRIED FORWARD | 38,702 | - | 38,702 | ||
| 8. | TANGIBLE FIXED ASSETS | ||||
| Computer | |||||
| equipment | |||||
| £ | |||||
| COST | |||||
| At 1 August 2020 and 31 July 2021 | 479 | ||||
| DEPRECIATION | |||||
| At 1 August 2020 | 120 | ||||
| Charge for year | 90 | ||||
| At 31 July 2021 | 210 | ||||
| NET BOOK VALUE | |||||
| At 31 July 2021 | 269 | ||||
| At 31 July 2020 | 359 | ||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Social security and other taxes | 289 | (798) | |||
| Pensions liability | 375 | 319 | |||
| Accrued expenses | 2,308 | 1,944 | |||
| 2,972 | 1,465 |
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Love Your Community
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS
| At 1.8.20 £ Unrestricted funds General fund 38,702 Restricted funds Restricted fund - TOTAL FUNDS 38,702 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 128,115 Restricted funds Restricted fund 103,626 TOTAL FUNDS 231,741 Comparatives for movement in funds At 1.8.19 £ Unrestricted funds General fund 10,655 TOTAL FUNDS 10,655 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 118,464 TOTAL FUNDS 118,464 |
Net movement At in funds 31.7.21 £ £ 14,718 53,420 117 117 14,835 53,537 Resources Movement expended in funds £ £ (113,397) 14,718 (103,509) 117 (216,906) 14,835 Net movement At in funds 31.7.20 £ £ 28,047 38,702 28,047 38,702 Resources Movement expended in funds £ £ (90,417) 28,047 (90,417) 28,047 |
|---|---|
continued...
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Love Your Community
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.8.19 | in funds | 31.7.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 10,655 | 42,765 | 53,420 | |
| Restricted funds | ||||
| Restricted fund | ||||
| - | 117 | 117 | ||
| TOTAL FUNDS | 10,655 | 42,882 | 53,537 | |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above | ||||
| as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 246,579 | (203,814) | 42,765 | |
| Restricted funds | ||||
| Restricted fund | ||||
| 103,626 | (103,509) | 117 | ||
| TOTAL FUNDS | 350,205 | (307,323) | 42,882 | |
| 11. | RELATED PARTY DISCLOSURES |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
There were no related party transactions for the year ended 31 July 2021.
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Love Your Community
| INCOME AND ENDOWMENTS Other trading activities Love Your Neighbour Little Acorns Fees received Uniform, trips fee etc. Utilities from RCC Job Retention Grant Early Years Pupil Premium DVD Income Investment income Deposit account interest Other income SMP recovered Total incoming resources EXPENDITURE Raising donations and legacies Other operating leases Love Your Neighbour Management fees Uniform, trip fee etc. Early Years Pupil Premium - Expenses Other trading activities Wages Social security Pensions Support costs Management Insurance Light and heat Telephone Postage and stationery Advertising and Promotion Sundries Repairs and renewals |
Detailed Statement of Financial Activities for the Year Ended 31 July 2021 |
2021 £ 103,626 84 125,428 1,105 - 421 100 220 230,984 2 755 231,741 24,000 103,509 - 5,472 - 132,981 74,052 - 1,664 75,716 - 2,341 350 628 606 - 2,028 5,953 |
2020 £ - - 110,890 1,174 1,215 - 400 100 113,779 29 4,656 118,464 6,163 - (2,500) 4,031 655 8,349 72,361 363 1,558 74,282 740 1,632 351 1,554 368 40 1,260 5,945 |
|---|---|---|---|
This page does not form part of the statutory financial statements
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Love Your Community
| Management Finance Bank charges Interest on PAYE late payment Information technology Software licences Other Staff training and welfare Governance costs Accountancy fees Bookkeeping fess Computer equipment Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 July 2021 |
2021 £ 122 1 123 536 639 868 - 90 958 216,906 14,835 |
2020 £ 157 - |
|---|---|---|---|
| 157 501 230 756 77 120 |
|||
| 953 | |||
| 90,417 | |||
| 28,047 |
This page does not form part of the statutory financial statements
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