2021-03-31-accounts - Magic Club

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

			Page
Report ofthe Trustees		1	to	3
Independent Examiner's	Report
Statement of Financial	Activities	5 to		6
Statement of Financial	Position
Notes tothe Financial Statements		8	to	18
Detailed Statement of Financial Activities			19

								2021	2020
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
					Notes	f	6	6	6
INCOME AND ENDOWMENTS				FROM
Charitable activities
Reaching Communities							79,799	79,799	87,829
DM Thomas Foundation									1,000
General Grants						16,595		16,595	4,472
Vera Wolstoncroft									23,838
Tesco Bags of Help									3,000
Community Housing	Fund						29,980	29,980
Blackpool Council Sunday Times Appeal									36 1,888
Solomons Project									1,000
Greggs Foundation Diamond Fund									1,000 530
Ward Councillor Budget									540
UK Youth Fund									7,289
Blackpool Council									5,658
CoOp Community Fund Covid 19Councillor							3,400 1,750	3,400 1,750
Covid 19Neighbourly							400	400
CIN							10,000	10,000
Community Foundation		Lance					2,500	2,500
Vera Wolstencroft Trust		COVID				10,000		10,000
Blackpool Council Holiday			Activity				8,743	8,743
Curious Minds							4,400	4,400
Greggs COVID Grant							10,000	10,000
Toyota 20for 20							5,000	5,000
RankNet Covid							20,865	20,865
FCMS &PDS Community			Grant				15,000	15,000
Great Places							2,000	2,000
Other trading activities						701	(2)	699	2,226
Investment income									800
Other income						140	976	1,116
Total						27,436	194,811	222,247	141,106
EXPENDITURE ON
Charitabhr activities
Reaching Communities							86,605	86,605	97,269
DM Thomas Foundation									1,100

							2021	2020
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes		6	6	6
Building Capabilities						3,600	3,600	1,050
General Grants					(4,466)		(4,466)	1,758
Vera Wotstoncroff								22,957
Tesco Bags of Help Community Housing Fund Sunday Times Appeal Solomons Project						762 72	762 72	2,394 910 1,514 137
Greggs Foundation Diamond Fund								1,002 530
Ward Councillor Budget						45	45
UK Youth Fund						1,085	1,085
Blackpool Council								5,658
CoOp Community Fund Covid 19Councillor						160 1,750	160 1,750
Covid 19Neighbourly						378	378
CIN						6,403	6,403
Community Foundation Vera Wolstencroft Trust		Lance COVID			5,790	2,387	2,387 5,790
Blackpool Council Holiday			Activity			4,365	4,365
Curious Minds						1,096	1,096
RankNet Covid						19,847	19,847
Total					1,324	128,555	129,879	136,279
NET INCOME					26,112	66,256	92,368	4,827
Transfers between	funds			12	~32239	~32,239)
Net movement in funds					58,351	34,017	92,368	4,827
RECONCILIATION OF FUNDS
Total funds brought	forward				13,635	85,396	99,031	94,204
TOTAL FUNDS CARRIED			FORWARD		71,986	119,413	191,399	99,031

				2021	2020
		Unrestdicted	Restricted	Total	Total
	Notes	funds f	funds f	funds f	fundsf
CURRENT ASSETS
Debtors	10		2,000	2,000
Cash at ban(i and in hand		~69619	122324	~191943	101,370
				193,943	101,370
CREDITORS
Amounts falling due within one year	11	2,367	(4,911)	(2,544)	(2,339)
NET CURRENT ASSETS		71,986	~119413	191399	99,031
TOTAL ASSETSLESSCURRENT
LIABILITIES		71,986	119,413	191,399	99,031
NET ASSETS		71,986	119,413	191,399	99,031
FUNDS	12
Unrestricted funds				71,986	13,635
Restricted funds				~119413	~85396
TOTAL FUNDS				191,399	99,031

2,	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES					2021	2020
							6	F
	Fundraising Subscriptions	events					636 63	'I,687 539
							699	2,226
3.	INVESTMENT INCOME
							2021 f	2020 6
	Rents received							800
4.	INCOME FROM CHARITABLE ACTIVITIES
							2021	2020
		Activity					6	F
	Grants	Reaching Communities					79,799
	Grants	DM Thomas Foundation						1,000
	Grants	General Grants					16,595	4,472
	Grants	Vera Wolstoncroft						23,838
	Grants	Tesco Bags of Help						3,000
	Grants	Community Housing		Fund			29,980
	Grants	Blackpool Council						36
	Grants	Sunday Times Appeal						1,888
	Grants	Solomons Project						1,000
	Grants	Greggs Foundation						1,000
	Grants	Diamond Fund						530
	Grants	Ward Councillor Budget						540
	Grants	UK Youth Fund						7,289
	Grants	Blackpool Council						5,658
	Grants	CoOp Community	Fund				3,400
	Grants	Covid 19Councillor					1,750
	Grants	Covid 19Neighbourly					400
	Grants	CIN					10,000
	Grants	Community Foundation			Lance		2,500
	Grants	Vers Wolstencroft	Trust		COVID		10,000
	Grants	Blackpool Council	Holiday			Activity	8,743
	Grants	Curious Minds					4,400
	Grants	Greggs COVID Grant					10,000
	Grants	Toyota 20for 20					5,000
	Grants	RankNet Covid					20,865
	Grants	FCMS &PDS Community				Grant	15000
	Carried forward						218,432	138,080

	INCOME FROM C	H	ARI	T	ABLE ACTIVITIES -continued
							2021	2020
							6	6
	Brought forward						218,432	138,080
	Grants				Great Places		2,000
							220.432	138,080
	Grants received, included				in the above, are as follows:
							2021 f	2020 f
	Other Grants						220432	138080
5.	CHARITABLE ACTIVITIES COSTS
							Support
						Direct	costs (see
						Costs	note 6)	Totals
						6	F
	Reaching Communities Building Capabilities					36,336	50,269 3,600	86,605 3,600
	General Grants					(3,477)	(989)	(4,466)
	Community Housing		Fund			762		762
	Solomons Project Ward Councillor Budget					40 45	32	72 45
	UK Youth Fund					1,085		1,085
	CoOp Community Covid 19Councillor	Fund				160 828	922	160 1,750
	Covid 19Neighbourly					349	29	378
	CIN					6,403		6,403
	Community Foundation			Lanes		2,291	96	2,387
	Vera Wolstencroft	Trust		COVID		4,910	880	5,790
	Blackpool Council Curious Minds	Holiday			Activity	4,365 1,096		4,365 1,096
	RankNet Covid					7,460	12,387	~19847
						62,653	67,226	129,879

SUPPORT COST	S
				Governance
			Management	costs		Totals
			F	6		5
Reaching Communities			49,165	1,104		50,269
Building Capabilities			3,600			3,600
General Grants Solomons Project			(1,073) 32		84	(989) 32
Covid 19Councillor			922			922
Covid 19Neighbourly			29			29
Community Foundation		Lance	96			96
Vera Wolstencroft	Trust	COVID	880			880
Rank Net Covid			~12387			12,387
			66,038	1,188		67,226
Support costs, included		in the above, are as follows:
			Reaching	Building		General
			Communities	Capabilities		Grants
			5
Wages 8 Staffing Pensions	Costs		32,931 713
Other operating leases			4,980
Premises Expenses			1,884			157
IIIs ul ance			1,978			(710)
Telephone			699
Repairs 8 Renewals			1,290			(290)
Cleaning			2,444			(42)
Memberships 8 Subscriptions			341
Consultants			97	3,600
Staff Training			1,185			('I88)
Other Costs			523
Advertising			300
Sundry Expenses
Accountancy and	legal fees		1,104
			50,269	3,600		~989)
						Community
		Solomons	Covid 19	Covid	19	Foundation
		Project	Councillor	Neighbourly		Lanes
Wages &Staffing	Costs
Pensions
Other operating leases
Premises Expenses			922
Insurance
Telephone
Carried forward			922

SUPPORT C	OS	TS - continued
						Community
			Solomons	Covid 19	Covid 19	Foundation
			Project	Councillor	Neighbourly	Lance
Brought forward				922
Repairs 8 Renewals
Cleaning						67
Memberships	&	Subscriptions	32			29
Consultants
Staff Training
Other Costs
Advertising
Sundry Expenses
Accountancy	and legal fees
			32	922	29	96
					2021	2020
			Vera
			Wolstencroft
			Trust	RankNet	Total	Total
			COVID	Covid	activities	activities
			f.	8		6
Wages &Staffing Costs Pensions					32,931 713	31,530 678
Other operating leases Premises Expenses					4,980 2,763	6,711 2,716
Insurance					1,268	2,925
Telephone					699	868
Repairs &Renewals				228	1,228	28,723
Cleaning			353		2,822	3,230
Memberships	8	Subscriptions		120	551	1,608
Consultants				6,600	10,297	1.312
Staff Training Other Costs			527	4,439	5,436 1,050	813
Advertising				1,000	1,300	429
Sundry Expenses						742
Accountancy	and legal fees				1,188	900
			880	12,387	67,226	83,185

STAFF COSTS
The average monthly	number of	employees		during the year	was as follows:
						2021	2020
Staff						6	6
No employees received emoluments			in excess off60,000.
COMPARATIVES FOR THE STATEMENT				OF FINANCIAL	ACTIVITIES
					Unrestdicted	Restricted	Total
					funds	funds	funds
							f
INCOME AND ENDOWMENTS		FROM
Charitable activities
Reaching Qommi&nlties						87829	87820
DM Thomas Foundation						1,000	1,000
General Grants					4,272		4,272
Vera Wolstoncroft						23,838	23,838
Tesco Bags of Help Blackpool Council Sunday Times Appeal Solomons Project					36	3,000 1,888 1,000	3,000 36 1,888 1,000
Greggs Foundation Diamond Fund						1,000 530	t,000 530
Ward Councillor Budget UK Youth Fund						540 7,289	540 7,289
Blackpool Council						5,658	5,658
Other trading activities					1,943	283	2,226
Investment income					800		800
Total					7,251	133,855	141,106
EXPENDITURE ON
Chantable activities
Reaching Communities DM Thomas Foundation						97,269 1,100	97,269 1,100
Building Capabilities General Grants					1,758	1,050	'I,050 1,758
Vera Wolstoncroft						22,957	22,957
Tesco Bags of Help						2,394	2,394

	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
			Unrestricted	Restricted	Total
			funds	funds	funds
			E	E	E
	Community Housing Fund			910	910
	Sunday Times Appeal Solomons Project			1,514 137	1,514 137
	Greggs Foundation			1,002	1,002
	Diamond Fund			530	530
	Blackpool Council			5,658	5,658
	Total		1,758	134,521	136,279
	NET INCOME/(EXPENDITURE)		5,493	(666)	4,827
	Transfers between funds		282	~282)
	Net movement in funds		5,775	(948)	4,827
	RECONCILIATION OF FUNDS
	Totat funds brought forward		7,860	86,344	94,204
	TOTAL FUNDS CARRIED	FORWARD	~13 635	85,396	~99031
10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
	Other debtors			2,000
11.	CREDITORS: ANIOUNTS	FALLING DUE WITHIN ONE YEAR
				2021 6	2020 f
	Bank loans and overdralts			1,024
	Taxation and social security			(113)
	Other creditors			1,633	2,339
				2,544	2,339

MOVEMENT IN FUN	DS
				Net	Transfers
				movement	between	At
			AI 'I.4.20	in funds	funds	31.3.21
					8
Unrestricted funds
General fund			13,599	21,761	32,275	67,635
Blackpool Council			36		(36)
Vera Wolstencroft Trust COVID				4,211		4,211
Claremont Lottery				140		140
			13,635	26,112	32,239	71,986
Restricted funds
Reaching Communities Building Capabilities			69,720 4,750	(6,805) (3,600)		62,915
Solomons Project			1,145	(73)		1,072
Tesco Bags of Help			606			606
Vera Woistoncroft Trust			881		(881)
Ward Councillor Budger			540	(45)	(15)	480
Sunday Times Appeal Community Housing Fund			374 91	29,217	(374) (15,931)	13,377
UK Youth Fund			7,289	(1,085)	(6,204)
CoOp Community Fund				3,240		3,240
Covid 19Neighbourly GIN				22 3,597	(22)	3,597
Comunity Foundation	Lanes			112	(112)
Blackpool Council Holiday		Activity		4,378	(4,378)
Curious Minds				3,304	(3,304)
Greggs Covid Grant Toyota 20 for 20				10,000 5,000		10,000 5,000
RankNet Covid				1,018	(1,018)
FCMS &PDS Community		Grant		15,000		15,000
Great Places				2,000		2,000
Claremont Park Community		Centre		976		976
			85,396	~66256	~32239)	1~19413
TOTAL FUNDS			~99 031	92,368		1~91399

Net movement in fun	cluded in the above a	re as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		E	6	E
Unrestricted funds
General fund		17,295	4,466	2'l,761
Vera Wolstencroft Trust COVID		10,001	(5,790)	4,211
Claremont Lottery		140		140
		27,436	(1,324)	26,112
Restrlctedfunds
Reaching Communities		79,800	(86,605)	(6,805)
Building Capabilities			(3,600)	(3,600)
Solomons Project		(1)	(72)	(73)
Ward Councillor Budger Community Housing Fund		29,979	(45) (762)	(45) 29,217
UK Youth Fund			(1,085)	(1,085)
CoOp Community Fund		3,400	(160)	3,240
Covid 19Councillor		1,750	(1,750)
Covid 'i9 Neighbourly		400	(378)	22
CIN		10,000	(6,403)	3,597
Comunity Foundation Lance Blackpool Council Holiday Activity Curious Minds Greggs Covid Grant Toyota 20 for 20 RankNet Covid		2,499 8,743 4,400 10,000 5,000 20,865	(2,387) (4,365) (1,096) (19,847)	1'l2 4,378 3,304 &000n 5,000 1,018
FCMS &PDS Community Great Places	Grant	15,000 2,000		15,000 2,000
Claremont Park Community	Centre	976		978
		194,811	(128,555)
TOTAL FUNDS		222,247	~129,879)	92,368

	DETAILED STATEMENT OF FOR THE YEAR ENDED	FINANCIAL ACTIVITIES 31 MARCH 2021
		2021	2020
INCOME AND	ENDOWMENTS
Other trading	activities
Fundraising events		636	'l,687
Subscriptions		63	539
		699	2,226
Investment Income
Rents received
Charitable activities
Grants		220,432	138,080
Other income
Other Income		1,116
Total incoming	resources	222,247	141,106
EXPENDITURE
Charitable activities
Wages &Staffing Costs Pensions		44,695 492	41,917 214
Activities		17,466	10,963
		62,653	53,094
Supportcosts
Management Wages &Staffing Costs Pensions		32,931 713	31,530 678
Other operating leases Premises Expenses Insurance		4,980 2,763 1,268	6,71'I 2,716 2,925
Telephone Repairs & Renewals		699 1,228	868 28,723
Cleaning		2,822	3,230
Memberships Consultants	&Subscriptions	551 10,297	1,608 1,312
Staff Training Other Costs		5,436 1,050	8'I3
Advertising		1,300	429
Sundry Expenses			742
		66,038	82,285
Governance	costs
Accountancy	and legal fees	1,188
Total resources	expended	129,879	136,279
Net income		92,368	~4827