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2020-12-31-accounts

Southmead Community Association Legal and Administrative Information

Southmead Community Association is a Registered Charity, Number 201099. The Association is a Community Centre with the following objects:-

Registered office

Southmead Community Centre 248 Greystoke Avenue Southmead Bristol BS10 6BQ

Officers and Trustees

Chair – Mr Brian Scrase Vice Chair - Mrs Jan Stenner Treasurer Mr David Bellamy Secretary - Mrs Sue Levick Events Co-ordinator - Mrs Sandra Bellamy Trustee – Ms Bron Kucharski Trustee – Mr Ronald Chaplin Trustee – Mrs C Hughes Trustee – Mrs Jean Barnes (Resigned July 2020) Trustee - Mrs Joan Bennett

Centre Manager – Post redundant from 9[th] January 2020

Bankers: Registered Independent Examiner: Lloyds TSB Dick Maule FCA High Street 3 Penlee View Terrace Westbury on Trym Penzance Bristol BS9 3BY TR18 4HZ

1

Trustee’s Annual Report

Report text for Annual Accounts for the year ended 31[st] December 2020

The Trustees are pleased to present their report, together with the financial statements of the charity, for the year ended 31[st] December 2020. The financial statements have been prepared in accordance with current statutory requirements, the Articles of Association and the Statement of Recommended Practice – Accounting and Reporting by Charities.

Legal and Administrative information, set out on page 1, forms part of this report.

1 Principal Activity (Objectives of the Charity)

Our Mission

Southmead Community Association works with and offers support to the local community, to bring about positive social and economic change in Southmead by providing affordable opportunities to develop skills and self-confidence of the local people.

Southmead Community Centre is a place for people to meet, socialise and interact with one another through community engagement and inclusion. As an organisation we are committed to fulfilling the needs of the community providing direct help, advice and support to everyone. The Centre is run by the people, for the people, uniting the community through provision of educational, recreation and leisure time facilities. As an organisation we promote diversity and equality of opportunity in everything that we do.

2 Trustees and General Committee

Members and Honorary Officers are elected to the General Committee at the Annual General Meeting and serve for one year only unless reelected the following year.

2

3 Review of the Year 2020

3

grant from John James allowed for Christmas hampers to be distributed to the local community but the usual Christmas parties could not be held.

5 Future Developments

4

utilising the information and conclusions provided by the feasibility study in seeking to provide a new Community Centre in the very heart of Southmead.

  1. To continue to empower local people with decision making and ownership of the Centre. Working to increase training opportunities for future employment as well as increasing volunteer opportunities within the community.

  2. To continue to identify gaps in services within Southmead and develop the Centre to meet the needs and expectations of the community by improving our services and facilities the best we can.

6. Risk Assessment

The Executive Committee has conducted a review of the major risks to which the charity is exposed as part of its business plan and satisfied insurers that systems have been established to mitigate any risks. Assessment is reviewed on a continuous basis and section leaders reminded of their responsibilities.

7

Reserves Policy

The charity’s policy on unrestricted reserves is to maintain equivalent cash balances:

The level of reserves is monitored and reviewed by the Trustees on a quarterly basis. As highlighted in 3.4 of this report the reserves have been impacted by the lack of funding for a professional manager in post at the centre. The Trustees will, during 2020, carry out the manager’s duties on a voluntary basis. This will be reviewed at each monthly Trustees’ meeting.

8 Financial Statements

Charity 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 charitable body and of the surplus or deficit for that period. In preparing those financial statements, the Trustees have:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable body and to enable them to ensure that the financial statements comply with the relevant Acts.

5

They are also responsible for safeguarding the assets of the charitable body and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In determining how amounts are presented within items in the Statement of Financial Activities and the Balance Sheet, the Trustees have had regard to the substance of the reported transactions or arrangements, in accordance with generally accepted accounting principles or practice. So far as the Trustees are aware at the time the report is approved:There is no relevant information of which the association’s independent examiners are unaware and the Trustees have taken all prescribed steps to ensure awareness of all relevant information and to establish that the independent examiner is aware of the said information.

Trustees’ Charity Report Certified by:-

……………………………………. ………………………….…… Bryan Scrase (Chair) David Bellamy (Treasurer) Date: …………………………. Date: …………………………

6

Independent Examiner's report to the trustees of Southmead Community Association

I report on the accounts of the charity for the year ended 31[st] December 2020 which are set out on the following pages 8-14.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘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

I have completed 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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records [; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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].

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.

Name : Dick Maule F.C.A. Address : 3 Penlee View Terrace, Penzance TR18 4HZ

Date:

7

Southmead Community Association

Statement of Financial Activities [including Income and Expenditure Account]

for the year ended 31st. December 2020

Income from:
Donations
Membership
Investment income
Interest
Charitable activities
Grants
Hall hire and activities
Rent
Other income
Total
Expenditure on:
Charitable activities
Total
Net income/(expenditure)
Transfers between Funds
Total funds brought forward
Total funds carried forward
Unrestricted
Fund
2020
£
317
146
9
31,791
12,675
5,700
1,622
52,260
48,272
48,272
3,988
-
197,920
201,908
Restricted
Fund
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
2020
£
317
146
9
31,791
12,675
5,700
1,622
52,260
48,272
48,272
3,988
-
197,920
201,908
2019
£
2,778
1,537
-
800
49,186
23,500
-
77,801
75,736
75,736
2,064
-
195,855
197,920

8

Southmead Community Association

Balance sheet as at 31st. December 2020

2020
Notes
£
£

Fixed assets
Tangible assets
2
182,892
Current assets
Debtors
4
702
Cash on hand
183
Cash at bank
18,900
Total current assets
19,785
Liabilities
Creditors: amounts falling
due within 12 months
3
(769)
Net Current assets
19,016
Net assets
201,908
The funds of the charity:
Unrestricted funds
General funds
7
29,525
Designated funds
172,383
Restricted funds
-
Total charity funds
201,908
…………………………….
Brian Scrase
Chair
…………………………….
David Bellamy
Treasurer
Dated:
2019
£
188,577
4,604
277
7,872
12,753
(3,411)
9,342
197,920
23,332
174,587
-
197,920

9

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020

(1) Principal Accounting Policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

(a) Basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements 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) 2nd edition and the Charities Act 2011.

The financial statements have been prepared under the historical cost convention. (b) Fund accounting [i] Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. [ii]Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. [iii] Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. (c) Income Income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. [i] Income received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

[ii] Donated services and facilities are included at the value to the charity where this can be quantified.

[iii]The value of services provided by volunteers has not been included in these accounts. [iv] Investment income is included when receivable. [v]Income from charitable trading activity are accounted for when earned. [vi]Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

(d) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered

[i]Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

[ii] Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated dirctly to such activities and those costs of an indirect nature necessary to support them [iii]All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

10

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020 (1) Principal Accounting Policies

(e) Fixed Assets

Fixed assets are written off over the expected useful life of the asset on the reducing balance basis at 15% per annum for equipment and 2% straight line for the building.

(2) Tangible Assets

(2) Tangible Assets
Building Equipment Total
£ £ £
Cost:
balance brought forward 191,537 106,485 298,022
additions in the year - - -
191,537 106,485 298,022
Depreciation
balance brought forward 15,323 94,122 109,445
charge for the year 3,831 1,854 5,685
19,154 95,977 115,130
Net book value at 31st. December 2020 172,383 10,508 182,892
Net book value at 31st. December 2020 176,214 12,363 188,577

(3) Creditors and accruals

Creditors: amounts falling due within 12 months


Sundry creditors
(4) Debtors and prepayments
Sundry debtors
(5) Employee information
Number of employees
Average monthly head count
No employee received emoluments of more than £60,000.

Salaries and wages
Social security costs
2020
£

769
769
702
2020
2
£

17,592
-
17,592
2019
£
3,411
3,411
4,604
2019
3
£
28,430
-
28,430

11

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020

(6) Expenditure

(6) Expenditure
Charitable Charitable
activities activities
2020 2019
£ £
Salaries 17,592 28,430
Activities 596 2,184
Rates and water 2,389 3,628
Repairs and renewals 5,787 7,675
Telephone 1,451 1,720
Performing rights 1,550 1,232
Cleaning and laundry 2,260 3,731
Stationery,postage and photocopying 151 519
Light and heat 6,230 15,165
Consultancy fees 1,785 -
Insurance 1,271 2,077
Bank charges - -
Depreciation 5,685 5,458
Reporting accountant's fee 750 750
Miscellaneous expenses - -
Project expenditure - 1,450
Computer and software 483 767
Equipment hire and maintenance 290 950
48,272 75,736

12

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020

(7) Movements in funds

Balance Balance
1st. January 31st. Dec.
2020 Income Expenditure Transfers 2020
£ £ £ £ £
Unrestricted funds
Designated Fund 176,214 - - (3,831) 172,383
General Fund 21,706 52,260 (48,272) 3,831 29,525
197,920 52,260 (48,272) - 201,908

Designated Fund: an amount has been set aside to reflect the amount of reseves tied up in the original costs of building the centre.

Unrestricted funds
Designated Fund
General Fund
Balance
1st. January
2019
£
180,045
15,810
195,855
Income
£
-
77,801
77,801
Expenditure
£
-
(75,736)
(75,736)
Transfers
£
(3,831)
3,831
-
Balance
31st. Dec.
2019
£
176,214
21,706
197,920

13

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020

(8) Analysis of prior year funds

Statement of Financial Activities [including Income and Expenditure Account] for the year ended 31st. December 2019

Unrestricted
Restricted
Fund
Fund
Total
2019
2019
2019
£
£
£

Income from:
Donations
2,778
-
2,778
Membership
1,537
-
1,537
Investment income
Interest
-
-
-
Charitable activities
Grants
800
-
800
Hall hire and activities
49,186
-
49,186
Rent
23,500
-
23,500
Other income
-
-
-
Total
77,801
-
77,801
Expenditure on:
Charitable activities
75,736
-
75,736
Total
75,736
-
75,736
Net income/(expenditure)
2,064
-
2,064
Transfers between Funds
-
-
-
Total funds brought forward
195,855
-
195,855
Total funds carried forward
197,920
-
197,920
2018
£
3,689
1,921
6
1,400
45,848
16,833
-
69,697
102,592
102,592
(32,895)
-
228,750
195,855

14

Southmead Community Association Legal and Administrative Information

Southmead Community Association is a Registered Charity, Number 201099. The Association is a Community Centre with the following objects:-

Registered office

Southmead Community Centre 248 Greystoke Avenue Southmead Bristol BS10 6BQ

Officers and Trustees

Chair – Mr Brian Scrase Vice Chair - Mrs Jan Stenner Treasurer Mr David Bellamy Secretary - Mrs Sue Levick Events Co-ordinator - Mrs Sandra Bellamy Trustee – Ms Bron Kucharski Trustee – Mr Ronald Chaplin Trustee – Mrs C Hughes Trustee – Mrs Jean Barnes (Resigned July 2020) Trustee - Mrs Joan Bennett

Centre Manager – Post redundant from 9[th] January 2020

Bankers: Registered Independent Examiner: Lloyds TSB Dick Maule FCA High Street 3 Penlee View Terrace Westbury on Trym Penzance Bristol BS9 3BY TR18 4HZ

1

Trustee’s Annual Report

Report text for Annual Accounts for the year ended 31[st] December 2020

The Trustees are pleased to present their report, together with the financial statements of the charity, for the year ended 31[st] December 2020. The financial statements have been prepared in accordance with current statutory requirements, the Articles of Association and the Statement of Recommended Practice – Accounting and Reporting by Charities.

Legal and Administrative information, set out on page 1, forms part of this report.

1 Principal Activity (Objectives of the Charity)

Our Mission

Southmead Community Association works with and offers support to the local community, to bring about positive social and economic change in Southmead by providing affordable opportunities to develop skills and self-confidence of the local people.

Southmead Community Centre is a place for people to meet, socialise and interact with one another through community engagement and inclusion. As an organisation we are committed to fulfilling the needs of the community providing direct help, advice and support to everyone. The Centre is run by the people, for the people, uniting the community through provision of educational, recreation and leisure time facilities. As an organisation we promote diversity and equality of opportunity in everything that we do.

2 Trustees and General Committee

Members and Honorary Officers are elected to the General Committee at the Annual General Meeting and serve for one year only unless reelected the following year.

2

3 Review of the Year 2020

3

grant from John James allowed for Christmas hampers to be distributed to the local community but the usual Christmas parties could not be held.

5 Future Developments

4

utilising the information and conclusions provided by the feasibility study in seeking to provide a new Community Centre in the very heart of Southmead.

  1. To continue to empower local people with decision making and ownership of the Centre. Working to increase training opportunities for future employment as well as increasing volunteer opportunities within the community.

  2. To continue to identify gaps in services within Southmead and develop the Centre to meet the needs and expectations of the community by improving our services and facilities the best we can.

6. Risk Assessment

The Executive Committee has conducted a review of the major risks to which the charity is exposed as part of its business plan and satisfied insurers that systems have been established to mitigate any risks. Assessment is reviewed on a continuous basis and section leaders reminded of their responsibilities.

7

Reserves Policy

The charity’s policy on unrestricted reserves is to maintain equivalent cash balances:

The level of reserves is monitored and reviewed by the Trustees on a quarterly basis. As highlighted in 3.4 of this report the reserves have been impacted by the lack of funding for a professional manager in post at the centre. The Trustees will, during 2020, carry out the manager’s duties on a voluntary basis. This will be reviewed at each monthly Trustees’ meeting.

8 Financial Statements

Charity 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 charitable body and of the surplus or deficit for that period. In preparing those financial statements, the Trustees have:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable body and to enable them to ensure that the financial statements comply with the relevant Acts.

5

They are also responsible for safeguarding the assets of the charitable body and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In determining how amounts are presented within items in the Statement of Financial Activities and the Balance Sheet, the Trustees have had regard to the substance of the reported transactions or arrangements, in accordance with generally accepted accounting principles or practice. So far as the Trustees are aware at the time the report is approved:There is no relevant information of which the association’s independent examiners are unaware and the Trustees have taken all prescribed steps to ensure awareness of all relevant information and to establish that the independent examiner is aware of the said information.

Trustees’ Charity Report Certified by:-

……………………………………. ………………………….…… Bryan Scrase (Chair) David Bellamy (Treasurer) Date: …………………………. Date: …………………………

6

Independent Examiner's report to the trustees of Southmead Community Association

I report on the accounts of the charity for the year ended 31[st] December 2020 which are set out on the following pages 8-14.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘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

I have completed 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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records [; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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].

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.

Name : Dick Maule F.C.A. Address : 3 Penlee View Terrace, Penzance TR18 4HZ

Date:

7

Southmead Community Association

Statement of Financial Activities [including Income and Expenditure Account]

for the year ended 31st. December 2020

Income from:
Donations
Membership
Investment income
Interest
Charitable activities
Grants
Hall hire and activities
Rent
Other income
Total
Expenditure on:
Charitable activities
Total
Net income/(expenditure)
Transfers between Funds
Total funds brought forward
Total funds carried forward
Unrestricted
Fund
2020
£
317
146
9
31,791
12,675
5,700
1,622
52,260
48,272
48,272
3,988
-
197,920
201,908
Restricted
Fund
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
2020
£
317
146
9
31,791
12,675
5,700
1,622
52,260
48,272
48,272
3,988
-
197,920
201,908
2019
£
2,778
1,537
-
800
49,186
23,500
-
77,801
75,736
75,736
2,064
-
195,855
197,920

8

Southmead Community Association

Balance sheet as at 31st. December 2020

2020
Notes
£
£

Fixed assets
Tangible assets
2
182,892
Current assets
Debtors
4
702
Cash on hand
183
Cash at bank
18,900
Total current assets
19,785
Liabilities
Creditors: amounts falling
due within 12 months
3
(769)
Net Current assets
19,016
Net assets
201,908
The funds of the charity:
Unrestricted funds
General funds
7
29,525
Designated funds
172,383
Restricted funds
-
Total charity funds
201,908
…………………………….
Brian Scrase
Chair
…………………………….
David Bellamy
Treasurer
Dated:
2019
£
188,577
4,604
277
7,872
12,753
(3,411)
9,342
197,920
23,332
174,587
-
197,920

9

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020

(1) Principal Accounting Policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

(a) Basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements 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) 2nd edition and the Charities Act 2011.

The financial statements have been prepared under the historical cost convention. (b) Fund accounting [i] Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. [ii]Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. [iii] Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. (c) Income Income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. [i] Income received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

[ii] Donated services and facilities are included at the value to the charity where this can be quantified.

[iii]The value of services provided by volunteers has not been included in these accounts. [iv] Investment income is included when receivable. [v]Income from charitable trading activity are accounted for when earned. [vi]Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

(d) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered

[i]Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

[ii] Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated dirctly to such activities and those costs of an indirect nature necessary to support them [iii]All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.

10

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020 (1) Principal Accounting Policies

(e) Fixed Assets

Fixed assets are written off over the expected useful life of the asset on the reducing balance basis at 15% per annum for equipment and 2% straight line for the building.

(2) Tangible Assets

(2) Tangible Assets
Building Equipment Total
£ £ £
Cost:
balance brought forward 191,537 106,485 298,022
additions in the year - - -
191,537 106,485 298,022
Depreciation
balance brought forward 15,323 94,122 109,445
charge for the year 3,831 1,854 5,685
19,154 95,977 115,130
Net book value at 31st. December 2020 172,383 10,508 182,892
Net book value at 31st. December 2020 176,214 12,363 188,577

(3) Creditors and accruals

Creditors: amounts falling due within 12 months


Sundry creditors
(4) Debtors and prepayments
Sundry debtors
(5) Employee information
Number of employees
Average monthly head count
No employee received emoluments of more than £60,000.

Salaries and wages
Social security costs
2020
£

769
769
702
2020
2
£

17,592
-
17,592
2019
£
3,411
3,411
4,604
2019
3
£
28,430
-
28,430

11

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020

(6) Expenditure

(6) Expenditure
Charitable Charitable
activities activities
2020 2019
£ £
Salaries 17,592 28,430
Activities 596 2,184
Rates and water 2,389 3,628
Repairs and renewals 5,787 7,675
Telephone 1,451 1,720
Performing rights 1,550 1,232
Cleaning and laundry 2,260 3,731
Stationery,postage and photocopying 151 519
Light and heat 6,230 15,165
Consultancy fees 1,785 -
Insurance 1,271 2,077
Bank charges - -
Depreciation 5,685 5,458
Reporting accountant's fee 750 750
Miscellaneous expenses - -
Project expenditure - 1,450
Computer and software 483 767
Equipment hire and maintenance 290 950
48,272 75,736

12

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020

(7) Movements in funds

Balance Balance
1st. January 31st. Dec.
2020 Income Expenditure Transfers 2020
£ £ £ £ £
Unrestricted funds
Designated Fund 176,214 - - (3,831) 172,383
General Fund 21,706 52,260 (48,272) 3,831 29,525
197,920 52,260 (48,272) - 201,908

Designated Fund: an amount has been set aside to reflect the amount of reseves tied up in the original costs of building the centre.

Unrestricted funds
Designated Fund
General Fund
Balance
1st. January
2019
£
180,045
15,810
195,855
Income
£
-
77,801
77,801
Expenditure
£
-
(75,736)
(75,736)
Transfers
£
(3,831)
3,831
-
Balance
31st. Dec.
2019
£
176,214
21,706
197,920

13

Southmead Community Association

Notes to the accounts for the year ended 31st. December 2020

(8) Analysis of prior year funds

Statement of Financial Activities [including Income and Expenditure Account] for the year ended 31st. December 2019

Unrestricted
Restricted
Fund
Fund
Total
2019
2019
2019
£
£
£

Income from:
Donations
2,778
-
2,778
Membership
1,537
-
1,537
Investment income
Interest
-
-
-
Charitable activities
Grants
800
-
800
Hall hire and activities
49,186
-
49,186
Rent
23,500
-
23,500
Other income
-
-
-
Total
77,801
-
77,801
Expenditure on:
Charitable activities
75,736
-
75,736
Total
75,736
-
75,736
Net income/(expenditure)
2,064
-
2,064
Transfers between Funds
-
-
-
Total funds brought forward
195,855
-
195,855
Total funds carried forward
197,920
-
197,920
2018
£
3,689
1,921
6
1,400
45,848
16,833
-
69,697
102,592
102,592
(32,895)
-
228,750
195,855

14

Inde endent Examinerfs re Southmead Communi ort to the trustees of Association I report on the accounts of the charity for the year ended 31st December 2020 which are set out on the following pages 8-14. Responsibilities and basis of report As the charity's l]ust¢cs you arc ￿pOnsIbl¢ for th¢ pr¢pardtion of th¢ accounts in accordance with the requirements of the ChaTities Act 2011 ('th¢ Act.). I rewrt in ryt of my examination of the charity's aLwunts Ca￿l¢d out under section 145 of th¢ Act and in Wrying out my examination I have followed all the applicable Directions given by the Charity Commission und¢r s¢¢tion 145(5Kb) of thc All. IndepeDdent examlDer's slatemexl I hav¢ completed my examination. I confjrni thai DO Materi￿ mattcrs have come to my altcntion in conncclion with the examination giving me Call￿ lo b¢li¢v¢ that in any matrriai respcct: a¢wwititi8 records w¢r¢ not kept in respect of the charity &s required by scction 130 of the Act. nr 2. the accounts do not accord with those records [' or thc account.8 do not comply with the applicablc ￿luITeMents concerning th¢ forni and contrnl of accounts set out in the Charities (Accounts and Reports.) R¢gulations 2008 Iithu than any r¢quircm¢nt that the accounts give a 'tru¢ and fair view. which is not a mattcr consid¢r¢d as part of an independent examination]. I h8v¢ no conccrns and have come across no other rnatters in Connection with th¢ examinatiDn to whiLh attention should drawn in Ihis r¢port in ordcr io enable a propcr und¢rstanding of the accounts to be reached. Name . Address . Dick Maule F.C.A. 3Pen View Terrace. penZan￿ TR18 4HZ Date: 26-ia-Ii