2022-03-31-accounts - The Pearson Centre For Young People

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				Total			Total
		Unrestricted	Capital	Funds	Unrestricted	Capital	Funds
		Funds	Funds	2022	Funds	Funds	2021
	Notes
INCOMING RESOURCES
Broxtowe Borough Council Grant		16,000		16,000	49,902		49,902
Government Furlough Scheme		15,980		15,980	47,852		47,852
Gift From Previous Entity	19	185,962		185,962
Donations and Legacies	2a	20,590		20,590	1,616		1,616
Income from Charitable Activities	2b	38,905		38,905	13,837		13,837
Income from Other
Trading Activities	2c	36,324		36,324	3,556		3,556
Investment Income	3		214,084	214,084		120,016	120,016
Fund Raising		843		843	223		223
TOTAL INCOMING
RESOURCES		314,604	214,084	528,688	116,986	120,016	237,002
EXPENDITURE
Charitable Activities		111,315	17,862	129,177	105,127	15,160	120,287
Other		107,084	-	107,084	90,810		90,810
TOTAL EXPENDITURE		218,399	17,862	236,261	195,937	15,160	211,097
Unrealised Gains/(Losses)
on Investments			(84,349)	(84,349)		478,677	478,677
Net Income/(Expenditure)		96,205	196,222	292,427	(78,951)	104,856	25,905
Transfers Between Funds		223,461	(223,461)		200,661	(200,661)
Actuarial Gain/(Loss) on Defined
Benefit Pension Scheme in the
year since transfer ofscheme	16	29,000		29,000	(89,000		(89,000)
Net Movement in Funds		348,666	(111,588)	237,078	32,710	382,872	415,582
RECONCILIATION OF FUNDS
Total funds brought forward		1,021,158	2,213,125	3,234,283	988,448	1,830,253	2,818,701
TOTAL FUNDS
CARRIED FORWARD	13	1,369,824	2,101,537	3,471,361	1,021,158	2,213,125	3,234,283

				2022	2021
		Unrestricted	CaPita1	Total	Total
		Funds	Funds	Funds	Funds
	Notes
FIXEDASSETS
Tangible assets	8	947,661		947,661	966,109
Fixed asset investments	19	460,000		460,000
		1,407,661		1,407,661	966,109
CURRENT ASSETS
Stocks	9	1,001		1,001	755
Debtors	10	5,696		5,696	3,439
Investments	11		2,101,537	2,101,537	2,213,125
Cash at bank and in hand		169,265		169,265	93,013
Loan to The Pearson
Centre (old entity)	19				241,870
		175,962	2,101,537	2,277,499	2,552,202
CREDITORS	12	16,799		16,799	58,028
NET CURRENT ASSETS		159,163	2,101,537	2,260,700	2,494, 174
TOTAL ASSETS LESS
CURRENT LIABILITIES		1,566,324	2,101,537	3,668,361	3,460,283
Pension Scheme Deficit	16	(197,000)		(197,000)	(226,000)
NET ASSETS		1,369,824	2,101,537	3,471,361	3,234,283
THE FUNDS OF THE CHARITY	13
Unrestricted funds:
General Fund				1,566,824	1,247, 158
Pension Reserve				197000)	226 000
				1,369,824	1,021,158
Capital Fund				2,101,537	2,213,125
TOTAL CHARITY FUNDS				3,471,361	3,234,283

Land and buildings	Land and buildings	- I'/0 on cost (land	is not depreciated)
Improvement	to property	- 15'/o on reducing	balance
Instruments		-2010 on reducing	balance
Equipment		-20/o on reducing	balance

Za. Donations	and	Legacies	Legacies
								Total	Total
						Restricted	Unrestricted	2022	2021
Donations							1,781	1,781	1,157
GIA Aid							459	459	459
Rent ofHouse							18,350	18,350
							20,590	20,590	1,616
2b. Income from Charitable				Activities
						Restricted	Unrestricted	Total	Total
								2022	2021
Subscriptions							4,877	4,877	1,496
Sundry Receipts							14	14
Pantomime Income							2,599	2,599
Canteen Income							901	901	55
Development	Work Income						30„172	30,172	12,286
Camp
Sale ofUniforms							117	117
Activity Income							225	225
							38,905	38,905	13,837
2c.Income from Other			Trading		Activities
								Total	Total
						Restricted	Unrestricted	2022	2021
Room and Ground		Hire					36,324	36,324	3,556
3. Investment	Income
								Total	Total
								2022	2021
Investment income								252,004	120,016
Gains/(Losses)	on Investment							37,920
								214,084	120,016
								Total	Total
								2022	2021
Net income is	stated after		charging:-
Independent Examination			Fees					2,520	2,400
Other Payments to		Auditors		for Accountancy				2, 106	2,588
and Payroll	Services
Depreciation								18,448	20,639

4.Charitable Activities
		~Ca itaf			Total	Total
		Funds	Restricted	Unrestricted	2022	2021
		g		g	g	g
Wages and Expenses Payments				65,005	65,005	74,974
Social Security Payments				5,711	5,711	6,229
Pensions				13,694	13,694	11,221
Sundry Purchases				39	39
Canteen Expenditure				683	683
Development Work Costs				3,547	3,547	1,156
Bank Charges				104	104	40
Investments Management	Fees	17,862			17,862	15,160
Postage, Printing and Stationery				876	876	509
Sundries (including vending
machine / cleaning)				3,003	3,003	1,952
Running Costs ofRental Property				8,185	8, 185	2,742
BBAwards				2	2
Subscriptions and Licences				1,399	1,399	859
Training				155	155	113
Activity Costs				4,214	4,214	2,114
Volunteers Expenses				264	264
Pantomime Expenditure				],682	1,682
Camp
Capitation Fees				2,752	2,752	3,218
		17,862		111,315	129,177	120,287
5.Other Expenditure
Health and Safety Cost				858	858	1,234
Wages and Expense Payments				33,650	33,650	23,495
Social Security Payments				2,221	2,221	1,557
Water Rates and Rates				6,166	6,166	3,180
Insurance				7,296	7,296	7,793
Light and Heat				9,875	9,875	7,501
Telephone				3, 124	3,124	3,016
Repairs, Maintenance
and ITEquipment Replacement				19,404	19,404	15,398
Improvement to Property
-Depreciation				7,421	7,421	8,730
Instruments Depreciation				11	ll	14
Equipment Depreciation				3,516	3,516	4,395
Buildings Depreciation				7,500	7,500	7,500
Audit and Accounting Fees				4,626	4,626	4,988
Legal and Professional Fees				1,416	1,416	2,009
				107,084	107,084	90,810

7. Staff and Support Costs
		2022	2021
Wages and salaries (including	expenses payments)	98,655	98,469
Social Security costs		7,932	7,786
Other pension costs		13,694	11,221
		120,281	117,476

8.	Tangible	Fixed Assets
			Land and	Improvements
			Buildings	to property	Instruments	Equipment	Totals
COST
At	1 Apri12021		950,000	248,020	2,664	374,988	1,575,672
Additions
At	31 March	2022	950,000	248,020	2,664	374,988	1,575,672
DEPRECIATION
At	1 April 2021		51,000	198,548	2,607	357,408	609,563
Depreciation		Charge	7,500	7,421	11	3,516	18,448
At	31 March	2022	58,500	205,969	2,618	360,924	628,011
NET BOOK		VALUE
At	31 March	2022	891,500	42,051	46	14,064	947,661
At	31 March	2021	899,000	49,472	57	17,580	966,109

9. Stocks
		2022	2021
Stocks		1,001	755
10. Debtors
		2022	2021
Prepayments		1,615	1,977
Other Debtors		4,081	1,462
		5,696	3,439
11. Current	Asset Investments
		2022	2021
Investments (Stock exchange)		2,101,537	2,213,125
Asset Investments			Listed on
			Stock
			Exchange
Market value	at I April 2021		2,213,125
Investment income			214,084
Unrealised gains/ (losses) at 31 March 2022			(84,349)
Cost ofinvestment			(17,862)
Transfer from	Fund Balance		223,461
Valuation at 3	1 March 2022		2,101,537

proceeds ofselling invest	ments during the y	ear that at the year end	have not been reinvested,
12. Creditors: amounts	falling due within	one year
			2022	2021
Trade creditors			558	269
Other creditors			14,424	56,274
Taxation and social security costs			1,817	1,485
			16,790	58,028

13. Movemen	t in funds
					Transfers	At
Year Ended 31.3.21		At 1.4.20	Net	movement	between	31March
			in funds		funds	2021
Unrestricted	funds
General fund		1,125,448		121,710		1,247, 158
Pension Reserve		(137,000)		(89,000)		(226,000)
Capital Funds		1,830,253		382,872		2,213,125
TOTAL FUNDS		2,818,701		415,582		3,234,283
					Transfers	At
Year Ended 31.3.22		At 1.4.21	Net	movement	between	31March
			in funds		funds	2022
Unrestricted	funds
General fund		1,247,158		319,666		1,566,824
Pension Reserve		(226,000)		29,000		(197,000)
Capital Funds		2,213,125		(111,588)		2,101,537
TOTAL FUNDS		3,234,283		237,078		3,471,361
Net movement	in funds, including	in the above are as follows:-
Year Ended 31.3.21		Balance	Incoming		Resources	Gains and	Movement
		B/fwd 1.4.20	resources		expended	losses	in funds
Unrestricted	funds
General fund		988,448		116,986	(284,937)	200,661	1,021,158
Capital fund		1,830,253		382,872			2,213,125
TOTAL FUNDS		2,818,701		500,404	284,937	200,66]	3,234,283
Year Ended 31.3.22		Balance	Incoming		Resources	Gains and	Movement
		B/fwd 1.4.21	resources		expended	losses	in funds
Unrestricted	funds
General fund		1,021,158		314,604	(218,399)	252,461	1,369,824
Capital fund		2,213,125			(111,588)		2,101,537
TOTAL FUNDS		3,234,283		314,604	(329,987	252,461	3,471,361

The am	ounts recognised		in t	he bala	nc	e sheet are a	s follows:-
									2022	2021
Present value offunded Fair value ofplan assets		obligations							(439,000) 242,000	(441,000) 215,000
									(197,000)	(226,000)
Present	value ofunfunded		obligations
Deficit									197,000	226,000
Net Liability									197,000	226,000
The amounts recognised			in surplus		or deficit are as follows:-
									2022	2021
										g
Current	service costs								15,000	10,000
Net interest from net defined				benefit asset/ liability					4,000	3,000
									19,000	13,000
Actual return on plan assets									19,000	38,000
Changes	in the present value			ofthe	defined benefit		obligation	are as follows:-
									2022	2021
										g
Opening	defined benefit		obligation						441,000	304,000
Current	service cost								15,000	10,000
Contributions by scheme			participants						2,000	2,000
Experience Loss/ (Gain)			on defined		benefit obligation					(1,000)
Interest	cost								9,000	7,000
Actuarial	(gains)/losses	from		changes		in financial	assumptions		28,000	119,000
									439,000	441,000

Changes in the	fair value	ofthe	schem	e assets	are	as fo	llows:-
								2022	2021
								g
Opening fair value ofscheme assets								215,000	167,000
Contributions	by employer							8,000	8,000
Contributions	by scheme	participants						2,000	2,000
Return on plan	assets (excluding		interest income)					17,000	38,000
								242,000	215,000
The amount recognised		in other	comprehensive		income		are as follows:-
								2022	2021
Actuarial (gains)/losses		from changes		in financial		assumptions		28,000	(119,000)
Return on fund	assets in	excess	ofinterest					12,000	34,000
Experience Gain/(Loss)		on defined Benefit Obligation							1,000
								40,000	(84,000)
The major categories of		scheme	assets	as a percentage			total scheme assets are as follows:-
								2022	2021
Equities								62	64
Gifts								3	4
Bonds								7	7
Property								11	11
Infrastructure								6	5
Inflation linked								5	4
Cash/temporary	investments							6	5
								100	100