Registered number: 08180454 Charity number: 1183487
COMMUNITY ORGANISERS LIMITED (A Company Limited by Guarantee)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 7 |
| Independent Examiner's Report | 8 - 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 - 12 |
| Notes to the Financial Statements | 13- 24 |
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 DECEMBER 2021
| Trustees | E L Barrett |
|---|---|
| S P Bedding | |
| G F Jenkins | |
| D E Kirk-Adams (Resigned 25/6/2022) | |
| D Kirkwood (Resigned 25/6/2022) | |
| J F Leathers (Resigned 9/8/2021) | |
| P S Newell (Resigned 8/5/2021) | |
| M R Rocco (Resigned 25/6/2022) | |
| T Scott | |
| S S Smith | |
| M A Sylla (Resigned 25/6/2022) | |
| Company registered | |
| number | 08180454 |
| Charity registered | |
| number | 1183487 |
| Registered office | 10 Silver Street |
| Warminster | |
| BA12 8PS | |
| Chief Executive Officer | Nick Gardham |
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2021
The Trustees present their annual report together with the financial statements of the Charity for the period 1 January 2021 to 31 December 2021. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective January 2015).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
Our charity’s purposes are set out in the objects contained in the Company’s Articles of Association and are as follows:
-
The development of the capacity and skills of members of socially and economically disadvantaged communities in such a way that they are able to identify, and help meet, their needs and participate more fully in society.
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To advance public education and to promote the practice, theory and techniques of community organising.
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The prevention and relief of poverty by providing such support items and services to individuals as the trustees see fit.
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In furtherance of the objectives the Company shall at all times actively promote and take into consideration the principles of equality of opportunity.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
Community Organisers has continued its strategy to work both with members of socially disadvantaged communities, whilst maintaining positive and productive links with national and regional bodies including central government, public bodies, charitable trusts and foundations and other charitable and voluntary sector bodies.
The ability to bridge the local and national has been particularly important due to the global pandemic as the organisation has successfully being able to act as a national voice for those in low-income neighbourhoods who found themselves suffering most from the impacts of COVID19
c. Activities undertaken to achieve objectives
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Over 1800 people committed to being part of the growing community organising movement
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• 2000+ hours of learning took place across the network of Social Action Hubs that make up the National Academy of Community Organising
-
More than 350 people completed our quality assured training courses, and,
-
inspired by the #OperationWiFi campaign we catalysed £12.5 million worth of mobile data was gifted to the UK's first ever National Databank
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
Training:
Training is provided via the National Academy of Community Organising (NACO) NACO is a network of affiliate. Social Action Hubs located around England. There are currently 15 Social Action Hubs, each is unique and works in its own way to ignite social change through community organising. All the Social Acton Hubs are quality assured by Community Organisers to offer our training courses
Across our network of Social Action Hubs we have collectively issued more than 350 certificates for the quality assured short courses in community organising. Each course is around 6 hours long, which equates to 2000 hours of learning.
As well as providing training we launched a Trainee Community Organiser Programme to recruit 30 Community Organisers across the network of Social Action Hubs using the Government’s Kickstart Programme. The programmes has started and currently 14 Trainee Community Organisers have been recruited and are placed across 6 Social Action Hubs. 9 have completed all taught sessions of the national qualification in community organising with 5 newly recruited organisers starting the qualification in December. Given the social and economic challenges that 2021 presented, it has been a fantastic opportunity to create meaningful employment for young people and have positive wider community impact.
During 2021, and the lessons we learnt with online learning throughout 2020, we moved the Award in Community Organising online with 32 enrolments since March. Each Award contains 35 hours of taught learning so this year we have spent 75 hours teaching the Award online.
Membership and Support
At the beginning of 2021 we launched our Membership Recommitment which saw 550 people recommit as full members and 1271 sign up as supporters of Community Organisers. The full blog is here
In order to increase our ‘support offer’ for Members and to ensure those working in communities are supported we also trialed Peer Learning Circles amongst our membership, which led to a discussion around how our communities can recover from the pandemic. Or as we called it on our infographic Roots to Recovery
Following the trial we launched the Community Practitioner's Network. This brings together community practitioners from across the UK where people can learn, reflect and listen to each other's experiences. It also provides expert input and guidance through guest lectures, webinars and wider issue based discussion groups.
" " We also held our 7th annual event and our second online. This was named The Positive Power of Place . We had 140 attendees over 4 days with 32 workshops and 37 hours of learning and discussion
Given the incredible work across our network during the pandemic we thought it would be interesting to look back at our first ever Community Organiser Programme to see where our original organisers are and if they're " " still organising. We titled this piece Our Journeys: A Collection of Community Organiser Stories .
Action
In July 2021, VirginMedia O2 launched the UK's first National Databank. Following the ask of over 100 organisations that joined the #OperationWifi alliance campaigning to end data poverty, the databank was launched with over £12.5m of mobile phone data to be gifted to those that need it in times of crisis.
Tracey Herald of O2 paid thanks to Community Organisers by saying, 'Thank you for inspiring us with your vision and working with us to co-create a long term, collaborative solution'.
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
Emma Stone of the Good Things Foundation who are supporting the role out of the National Databank said, "such a good result and wouldn't have happened without the power of #OperationWifi and the drive of community organisers'.
Achievements and performance
a. Review of activities
Despite the impacts of COVID19 on the Charities operational activities and relationships with Government, the charity plans continuing the activities outlined above and build on its strategy set out in People, Power and Place in the forthcoming years subject to satisfactory funding arrangements. Plans are also being developed to advance our online training offer to secure further income from trading, membership fees, Social Action Hubs, Trusts and Foundations
b. Fundraising activities and income generation
The Charity did not engage in any fundraising activities during this financial period and did not engage any external fundraisers. Income received during the period came primarily through the delivery of contracts associated with delivery of the Charity’s objectives and primary purposes.
c. Investment policy and performance
The Charity does not hold any investments.
d. Volunteers
Although the Charity did not have any volunteers to manage directly during the period under review. However, the Charity maintains a volunteer policy and carefully reviews this, together with its volunteer activity annually. This is overseen by the Board with day to day responsibility delegated to the Chief Executive.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
COVID-19
Although COVID-19 has had a significant effect on our ability to engage in new business contracts and to deliver training work, our cash reserves have enabled us to continue to operate in supporting our network of members
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021
Financial review (continued)
and organisations who work in local communities across England. We have used the Corona Virus Job Retention Scheme to furlough staff where areas of our service have been most deeply affected.
b. Reserves policy
Reserves are that part of a charity’s unrestricted funds that is freely available to spend on any of the charity’s purposes. Community Organisers maintains free unrestricted reserves:
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to provide a level of working capital that protects the continuity of our core work
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to provide a level of funding for unexpected opportunities
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to provide cover for risks such as unforeseen expenditure or unanticipated loss of income.
The Board of Trustees will review the above criteria with reference to Community Organisers’ strategy and Annual Plan and determine the target level of free reserves to meet these. In the current year the target level of free reserves has been set at not less than six months core operating costs and the current level of free liquid reserves allows for this. At 31 December 2021 the free reserves of the charity were £157,503 (2020: £146,747).
The Board of Trustees will at times designate funds from free reserves for significant project costs or replacement of major assets.
c. Principal risks and uncertainties
The Charity has continued to develop its income from continued trading however, due to economic uncertainties and reduction in Government Programmes it is unclear whether the Organisation will deliver any large programmes such as the previous ones it has been involved with. However, despite this, the Charity is pursuing Trusts and Foundations as well as other larger contracts to ensure that it can continue to keep trading. The Charity has a robust budgeting cash flow management system which keeps the management and Board regularly appraised of the position and decisions relating to future costs are made with this information taken into account.
d. Financial risk management objectives and policies
Financial risk is managed through the Charity’s Policy Manual which is reviewed and approved by the Board on a bi- annual basis.
The Manual includes policies covering:
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Delegation of responsibilities and levels of authority
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Reserves
-
Conflicts of interest
-
Segregation of duties
-
Controls on Budget, Income and expenditure
-
Controls on fixed and financial assets
-
Controls on human resources
-
Expenses
-
Debt management
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021
Financial review (continued)
e. Principal funding
Community Organisers aims to achieve an annual surplus each year which is sufficient to meet the working capital of the organisation and to ensure the development of the organisation is resourced as it expands in order to be able to continue to provide a service to our beneficiaries.
Community Organisers has identified training, membership fees, programme delivery, consultancy and asset based income as the core activities and will seek to finance these through income streams that are as secure and long term as possible.
Structure, governance and management
a. Constitution
Community Organisers Limited is registered as a charitable company limited by guarantee and was set up by a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Organisational structure and decision-making policies
The Board of Trustees holds responsibility for the decisions and activity of the Charity. The day to day management of the Charity is delegated to the Chief Executive who is also involved in setting policies which are only adopted after approval by the Board.
The Chief Executive is supported by the part time Finance Director, Head of the National Academy of Community Organising, the National Member Organiser and the operations and administrative staff.
The Head of the National Academy of Community Organising also reports directly to the Chief Executive who is in turn supported by a part time administrator and Internal Verifier who both hold relevant specialist expertise. The post is currently vacant, however training delivery continues through our national network of certified trainers.
d. Policies adopted for the induction and training of Trustees
New Trustees are trained and informed of their responsibilities in accordance with guidelines issued by the Charities Commission. Trustees are required to attend workshop training provided by a specialist in Charity Governance. No new trustees were appointed during the year who require this training.
e. Related party relationships
The organisation has no related party relationships.
(A Company Limited by Guarantee)
COMMUNITY ORGANISERS LIMITED
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021
Plans for future periods
The organisation is developing its plans for the following financial period so that it can continue to attract resources to deliver on it’s strategy to work with people in socially and economically deprived neighbourhoods and work towards the relief of poverty.
The Organisation intends to further develop its success of the #OperationWiFi campaign by developing further Action Groups on issues that are identified within and across the Membership including Food and Fuel Poverty.
The Organisation also aims to further develop the relationship with Durham University to continue to explore the potential for a Community First Graduate Programme.
As the Government and other national bodies look to recover from the Pandemic we aim to build on our existing good relationships and previous work with them to support them to develop programmes and activities that can embed the work of the Charity to enable it to secure further resources and enabling it to deliver effectively on its charitable objectives The organisation also aims to continue to expand its partnerships with other organisations to increase its reach and enable it to deliver on its charitable objects.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the 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 period. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
Approved by order of the members of the board of Trustees on 31st[th] October 2022 and signed on their behalf by:
S P Bedding
Chair of Trustees
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 DECEMBER 2021
Independent Examiner's Report to the Trustees of Community Organisers Limited ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the period ended 31 December 2021.
Responsibilities and Basis of Report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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
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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)].
In the course of my examination of the accounting records of the charity I have reviewed the disclosures in the accounts in respect of the impact of COVID-19 on the financial statements. I draw your attention to the trustees' view on the impact of COVID-19 as disclosed on page 3 and the consideration given in the going concern basis of preparation on page 12.
The full impact following the emergence of COVID-19 is still unknown. It is still therefore not currently possible to evaluate all the potential implications to the charity's operations, beneficiaries and the wider economy.
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.
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2021
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My 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 and the Charity's Trustees as a body, for my work or for this report.
Kingston Business Management CO Business Hub 10, Silver Street Warminster BA12 8PS
31st October 2022
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 DECEMBER 2021
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Grants 6 Other income 6 Total income Expenditure on: Charitable activities 7 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds |
Unrestricted funds Year ended 31-Dec 2021 £ 5 309,291 1 12,209 1,300 322,806 312,964 9,842 9,842 315,402 9,842 325,244 |
Total funds Year ended 31-Dec 2021 £ 5 309,291 1 12,209 1,300 322,806 312,964 9,842 9,842 315,402 9,842 325,244 |
Total funds Year ended 31-Dec 2020 £ 105 413,445 51 67945 5,175 |
|---|---|---|---|
| 486,721 | |||
| 393,425 | |||
| 93,296 | |||
| 93,296 | |||
| 222,106 93,296 |
|||
| 315,402 |
The Statement of Financial Activities includes all gains and losses recognised in the period. The notes on pages 13 to 24 form part of these financial statements
COMMUNITY ORGANISERS LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 08180454
BALANCE SHEET AS AT 31 DECEMBER 2021
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets / liabilites Total assets less current liabilities Creditors: amounts falling due after one year Charity funds Unrestricted funds 15 Total funds |
5,623 191,093 196,716 9,213 30,000 |
31 December 2021 £ 167,741 187,503 355,244 325,244 325,244 325,244 |
913 298,347 299,260 122,513 30,000 |
31 December 2020 £ 168,655 |
|---|---|---|---|---|
| 176,747 | ||||
| 345,402 | ||||
| 315,402 | ||||
| 315,402 | ||||
| 315,402 |
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee) REGISTERED NUMBER: 08180454
BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2021
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 31st October 2022 and signed on their behalf by:
S P Bedding
Director
The notes on pages 12 to 24 form part of these financial statements.
COMMUNITY ORGANISERS LIMITED (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
1. General information
Community Organisers Limited is a charitable private company limited by guarantee, registered in England and Wales, company registered number 08180454, charity registered number 1183487. Its registered office is 10 Silver Street, Warminster, Wiltshire, BA12 8PS.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Community Organisers Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
At the time these financial statements are authorised there is an ongoing worldwide pandemic due to COVID-19. The measures taken by the Charity are highlighted in the Trustees report.
The trustees consider there are adequate liquid funds available to sustain the charity through the next financial year.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.
2.6 Interest receivable
Interest 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 institution with whom the funds are deposited.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
| Freehold property | - Nil |
|---|---|
| Fixtures and fittings | - 25 |
| Computer equipment | - 25 |
COMMUNITY ORGANISERS LIMITED (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
2. Accounting policies (continued)
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and 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.
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.12 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the period.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
(A Company Limited by Guarantee)
COMMUNITY ORGANISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
3. Income from donations and legacies
| Donations Government grants (CJRS) me from charitable activities Income from charitable activities Contract income Total |
Unrestricted Funds Year ended 31 December 2021 £ 5 12,209 12,214 Unrestricted Funds Year ended 31 December 2021 £ 153,164 156,127 309,291 |
Total Funds Year ended 31 December 2021 £ 5 12,209 12,214 Total Funds Year ended 31 December 2021 £ 153,164 156,127 309,291 |
Total Funds Year ended 31 December 2020 £ 105 67,945 |
|---|---|---|---|
| 68,050 | |||
| Total funds Year ended 31 December 2020 £ 74,348 339,097 |
|||
| 413,445 |
4. Income from charitable activities
(A Company Limited by Guarantee)
COMMUNITY ORGANISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
5. Investment income
| Unrestricted Funds |
Total Funds | Total funds | |
|---|---|---|---|
| Year | Year | Year | |
| ended | ended | ended | |
| 31 | 31 | 31 | |
| December | December | December | |
| 2021 | 2021 | 2020 | |
| £ | £ | £ | |
| Investment income | 1 | 1 | 51 |
6. Other incoming resources
| Rental income Other income lysis of expenditure on charitable ies Summary by fund type Direct costs |
Unrestricted Funds Year ended 31 December 2021 £ 1,300 0 1,300 Unrestricted Funds Year ended 31 December 2021 £ 312,964 |
Total Funds Year ended 31 December 2021 £ 1,300 0 1,300 Total Funds Year ended 31 December 2021 £ 312,964 |
Total funds Year ended 31 December 2020 £ 5,175 0 |
|---|---|---|---|
| 5,185 Total funds Year ended 31 December 2020 £ 393,425 |
7. Analysis of expenditure on charitable activities
(A Company Limited by Guarantee)
COMMUNITY ORGANISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
8. Analysis of expenditure by activities
| 8. Analysis of expenditure by activities | |||
|---|---|---|---|
| Direct costs Direct costs 9. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts Other services not included above |
Unrestricted Funds Year ended 31 December 2021 £ 312,964 Activities undertaken Directly Year ended 31 March 2021 £ 221,329 Year ended 31 December 2021 £ 0 0 |
Total Funds Year ended 31 December 2021 £ 312,964 Support Year ended 31 March 2021 £ 91,635 Year ended 31 December 2020 £ 0 0 |
Total funds Year ended 31 December 2020 £ 393,425 |
| Total Year ended 31 March 2021 £ 312,964 |
(A Company Limited by Guarantee)
COMMUNITY ORGANISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
| 10 Staff costs Wages and salaries Social security costs Contribution to defined contribution pension schemes The average number of persons employed by the Charity during the period was as follows: Staff |
Year ended 31 December 2021 £ 184,721 13,877 2,946 201,544 Year ended 31 December 2021 No. 7 |
Year ended 31 December 2020 £ 142,304 10,339 2,668 |
|---|---|---|
| 155,311 | ||
| Year ended 31 December 2020 No. 5.5 |
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity comprise the Trustees and the Chief Executive Officer The total employee benefits of the key management personnel of the charity were £59,950.
11. Trustees' remuneration and expenses
During the period no Trustees received any remuneration or other benefits (2020 - £NIL)
(A Company Limited by Guarantee)
COMMUNITY ORGANISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
12. Tangible fixed assets
| Cost or valuation At 1 January 2021 At 31 December 2021 Depreciation At 1 January 2021 Charge for the period At 31 December 2021 Net book value At 31 December 2021 At 1 January 2021 btors Due within one year Trade debtors |
Freehold property £ 165,000 |
Fixtures and Fittings 2,564 2,564 1,664 225 1,889 675 900 31 December 2020 £ 913 913 |
Computer equipment Total £ £ 8,100 175,664 |
|---|---|---|---|
| 165,000 | 8,100 175,664 |
||
| - - |
5,345 7,009 689 914 |
||
| - | 6,034 7,923 |
||
| 165,000 | 2,066 167,741 |
||
| 165,000 | 2,755 168,655 |
||
| 31 December 2021 £ 5,623 5,623 |
13. Debtors
(A Company Limited by Guarantee)
COMMUNITY ORGANISERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
14. Creditors: Amounts falling due within one year
| 31 December 2021 £ Bank overdrafts - Trade creditors 0 Other taxation and social security 5,833 Other creditors 3,380 Accruals and deferred income 0 9,213 31 December 2021 £ Deferred income at 1 January 2021 125,000 Amounts released from previous periods -125,000 0 Creditors: Amounts falling due after one year “Bounce Back” unsecured bank loan30,000 30,000 |
31 December 2020 £ - 0 -2,487 0 125,000 122,513 31 December 2020 £ 341,680 -216,680 125,000 30,000 |
|---|---|
30,000 |
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
| 15. Statement of funds Statement of funds - current period Unrestricted funds General Funds Statement of funds - prior period Unrestricted funds General Funds |
Balance at Balance at 1 31 January December 2021 Income Expenditure 2021 £ £ £ £ 315,402 322,806 -312,964 325,244 |
|---|---|
| Balance at Balance at 1 31 January December 2020 Income Expenditure 2020 £ £ £ £ 222,106 486,721 -393,425 315,402 |
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
16. Analysis of net assets between funds Current Period
| urrent Period | ||
|---|---|---|
| Tangible fixed assets Current assets Creditors due within one year Creditors due after one year Total ior Period Tangible fixed assets Current assets Creditors due within one year Creditors due after one year Total |
Unrestricted funds 31 December 2021 £ 167,741 196,716 -9,213 -30,000 325,244 Unrestricted funds 31 December 2020 £ 168,655 299,260 -122,513 -30,000 315,402 |
Total funds 31 December 2020 £ 168,655 299,260 -122,513 -30,000 |
| 315,402 Total funds 31 December 2019 £ 169,873 458,585 -406,352 0 |
||
| 222,106 |
Prior Period
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
17. Reconciliation of net movement in funds to net cash flow from operating activities
Net income for the period (as per Statement of Financial Activities) Adjustments for: Depreciation charges Decrease/(increase) in debtors Decrease in creditors Net cash provided by/(used in) operating activities |
Year ended 31 December 2021 £ 9,842 914 -4,710 -113,300 -107,254 |
Year ended 31 December 2020 £ 93,296 1,218 234,911 -253,839 |
|---|---|---|
| 75,586 |
18. Analysis of cash and cash equivalents
| Cash in hand Total cash and cash equivalents |
31 December 2021 £ 191,093 191,093 |
31 December 2020 £ 298,347 |
|---|---|---|
| 298,347 |
COMMUNITY ORGANISERS LIMITED
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
19. Analysis of Net Debt
| 19. Analysis of Net Debt |
|
|---|---|
| Cash at Bank and at hand | 1st January 2021 Cash flows 31st December 2021 £ £ £ 298,347 -107,254 191,093 |
| 298,347 -107,254 191,093 |
20. Pension commitments
The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £2,946 (2020 - £2,668).
21. Related party transactions
No related party transactions took place during the Year.