Sandon House Community Centre Annual Report Year Ending 31[st] March 2021
The year had been a difficult year and income was down on the previous year, however this was mainly due to grant applications that were running into the year April 2020/March 2021 and this will reflect in the following years accounts and annual report.
Activities continued as normal throughout the year however from March 20[th] 2020 the centre went into lockdown and a rethink was organised for the coming year. The last fundraising event was in March 2020 ( St Patricks night) and it was decided that the management would re-structure and seek other forms of income.
Covid-19 had affected our accounting process and we didn’t receive our annual accounts until the 2[nd] week in March 2021 and thus delaying the filing process at the Charities Commission, for which we apologise.
This also caused us a problem for a effective AGM as our Trustees and members are not of a technical era and therefore social distancing has hampered this.
As of March 2020 the trustees are working on strategies to conform with government requirements and still provide services to the vulnerable in our community.
Christine Downham-Clarke
Chairperson
CHARITY REGISTRATION NUMBER 221704
Sandon House Community Centre Company Limited by Guarantee
Financial Statements
31 March 2021
Sandon House Community Centre Company Limited by Guarantee
Financial Statements
Year Ended 31 March 2021
| Contents | Page | |
|---|---|---|
| Directors' Report | 1 | |
| Profit and Loss Account | 2 | |
| Balance Sheet | 3 | |
| Notes to the Financial Statements | 4 | |
| The following pages do not form part of the financial statements | ||
| Detailed Profit and Loss Account | 8 | |
| Notes to the Detailed Profit and Loss Account | 9 |
Sandon House Community Centre Company Limited by Guarantee
Directors' Report
Year Ended 31 March 2021
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2021.
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was providing services for the Elderly.
DIRECTOR
The director who served the company during the year were as follows:
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Registered office:
Signed on behalf of the directors
Approved by the directors on 15 February 2022
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Sandon House Community Centre Company Limited by Guarantee
Profit and Loss Account
Year Ended 31 March 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Turnover | 70,949 | 42,317 | |
| Cost of sales | 10,739 | 9,477 | |
| ------------------------------- | ------------------------------- | ||
| Gross Profit | 60,210 | 32,840 | |
| Administrative expenses | 53,600 | 43,855 | |
| ------------------------------- | ------------------------------- | ||
| Profit/(Loss) on Ordinary Activities Before Taxation | 6,610 | (11,015) | |
| Tax on profit/(loss) on ordinary activities | – | – | |
| -------------------------- | ------------------------------- | ||
| Profit/(Loss) for the Financial Year | 6,610 | (11,015) | |
| Balance brought forward | 9,992 | 21,007 | |
| ------------------------------- | ------------------------------- | ||
| Balance carried forward | 16,602 | 9,992 | |
| =============================== | =============================== |
The notes on pages 4 to 6 form part of these financial statements.
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Sandon House Community Centre Company Limited by Guarantee
Balance Sheet
31 March 2021
| 31 March | 2021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Note | £ | £ | £ | |
| Fixed Assets | ||||
| Tangible assets | 3 | 6,672 | 10,117 | |
| -------------------------- | ------------------------------- | |||
| Current Assets | ||||
| Debtors | 4 | 158 | 1,182 | |
| Cash at bank and in hand | 12,551 | 2,257 | ||
| ------------------------------- | -------------------------- | |||
| 12,709 | 3,439 | |||
| Creditors: Amounts Falling due Within One Year | 5 | 385 | 1,170 | |
| ------------------------------- | -------------------------- | |||
| Net Current Assets | 12,324 | 2,269 | ||
| ------------------------------- | ------------------------------- | |||
| Total Assets Less Current Liabilities | 18,996 | 12,386 | ||
| =============================== | =============================== | |||
| Reserves | 7 | |||
| Share premium account | 8 | 2,394 | 2,394 | |
| Profit and loss account | 16,602 | 9,992 | ||
| ------------------------------- | ------------------------------- | |||
| Members' Funds | 18,996 | 12,386 | ||
| =============================== | =============================== |
For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These accounts were approved by the directors and authorised for issue on 15 February 2022, and are signed on their behalf by:
The notes on pages 4 to 6 form part of these financial statements.
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Sandon House Community Centre Company Limited by Guarantee
Notes to the Financial Statements
Year Ended 31 March 2021
1. Accounting Policies
Basis of Accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Fixed Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Plant & Machinery | - | 25% Straight line |
|---|---|---|
| Fixtures & Fittings | - | 25% Straight line |
| Motor Vehicles | - | 25% Straight line |
| Equipment | - | 25% Straight line |
Operating Lease Agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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Sandon House Community Centre Company Limited by Guarantee
Notes to the Financial Statements
Year Ended 31 March 2021
1. Accounting Policies (continued)
2. Operating Profit/(Loss)
Operating profit/(loss) is stated after charging:
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Directors' remuneration | – | – | |||
| Depreciation of owned fixed assets | 6,733 | 5,911 | |||
| ========================== | ========================== | ||||
| Tangible Assets | |||||
| Plant & | Fixtures & | Motor | |||
| Machinery | Fittings | Vehicles | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 April 2020 | 553 | 15,852 | 12,648 | 893 | 29,946 |
| Additions | 2,224 | – | – | 1,064 | 3,288 |
| -------------------------- | ------------------------------- | ------------------------------- | -------------------------- | ------------------------------- | |
| At 31 March 2021 | 2,777 | 15,852 | 12,648 | 1,957 | 33,234 |
| ========================== | =============================== | =============================== | ========================== | =============================== | |
| Depreciation | |||||
| At 1 April 2020 | 276 |
12,783 | 6,324 | 446 | 19,829 |
| Charge for the year | 694 | 2,388 | 3,162 | 489 | 6,733 |
| ---------------- | ------------------------------- | -------------------------- | ---------------- | ------------------------------- | |
| At 31 March 2021 | 970 | 15,171 | 9,486 | 935 | 26,562 |
| ================ | =============================== | ========================== | ================ | =============================== | |
| Net Book Value | |||||
| At 31 March 2021 | 1,807 | 681 | 3,162 | 1,022 | 6,672 |
| ========================== | ================ | ========================== | ========================== | ========================== | |
| At 31 March 2020 | 277 | 3,069 | 6,324 | 447 | 10,117 |
| ================ | ========================== | ========================== | ================ | =============================== |
3. Tangible Assets
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Sandon House Community Centre Company Limited by Guarantee
Notes to the Financial Statements
Year Ended 31 March 2021
4. Debtors
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade debtors | – | 1,182 | ||
| Other debtors | 158 | – | ||
| ---------------- | -------------------------- | |||
| 158 | 1,182 | |||
| ================ | ========================== | |||
| 5. | Creditors: Amounts Falling due Within One Year | |||
| 2021 | 2020 | |||
| £ | £ | £ | ||
| Trade creditors | 246 | 72 | ||
| Other creditors including taxation and social security: | ||||
| PAYE and social security | 19 | 55 | ||
| Other creditors | – | 923 | ||
| Accruals and deferred income | 120 | 120 | ||
| ---------------- | -------------------------- | |||
| 139 | 1,098 | |||
| ---------------- | -------------------------- | |||
| 385 | 1,170 | |||
| ================ | ========================== |
6. Related Party Transactions 7. Company Limited by Guarantee
8. Share Premium Account
There was no movement on the share premium account during the financial year.
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Sandon House Community Centre Company Limited by Guarantee
Management Information
Year Ended 31 March 2021
The following pages do not form part of the statutory financial statements .
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Sandon House Community Centre Company Limited by Guarantee
Detailed Profit and Loss Account
Year Ended 31 March 2021
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | £ | |
| Turnover | |||
| Voluntary Income | 3,174 | 2,228 | |
| Activities for generating funds | 7,707 | 11,921 | |
| Charitable Activities | (232) | 1,649 | |
| Grants | 42,932 | 3,199 | |
| Room Hire | 11,475 | 19,954 | |
| Other income | 5,893 | 3,366 | |
| ------------------------------- | ------------------------------- | ||
| 70,949 | 42,317 | ||
| Cost of Sales | |||
| Purchases | 10,700 | 9,427 | |
| Direct costs | 39 | 50 | |
| ------------------------------- | -------------------------- | ||
| 10,739 | 9,477 | ||
| ------------------------------- | ------------------------------- | ||
| Gross Profit | 60,210 | 32,840 | |
| ------------------------------- | ------------------------------- | ||
| Overheads | |||
| Administrative expenses | 53,600 | 43,855 | |
| ------------------------------- | ------------------------------- | ||
| Profit/(Loss) on Ordinary Activities | 6,610 | (11,015) | |
| =============================== | =============================== |
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Sandon House Community Centre Company Limited by Guarantee
Notes to the Detailed Profit and Loss Account
Year Ended 31 March 2021
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | £ | |
| Administrative Expenses | |||
| Personnel Costs | |||
| Wages and salaries | 18,108 | 18,175 | |
| Establishment Expenses | |||
| Rent | 1,500 | – | |
| Rates and water | 827 | 2,253 | |
| Light and heat | 2,248 | 2,113 | |
| Insurance | 1,274 | 2,846 | |
| Repairs and maintenance | 15,186 | 2,527 | |
| ------------------------------- | -------------------------- | ||
| 21,035 | 9,739 | ||
| ------------------------------- | |||
| General Expenses | |||
| Motor expenses | 1,742 | 375 | |
| Travel and subsistence | 85 | – | |
| Telephone | 1,340 | 2,358 | |
| Entertainment | – | 480 | |
| Subscriptions | 203 | 251 | |
| Printing, stationery and postage | 402 | 713 | |
| Staff training | – | 476 | |
| Sundry expenses | 487 | 1,595 | |
| Laundry and cleaning | 1,717 | 2,180 | |
| Accountancy fees | 1,608 | 1,602 | |
| Depn of plant and machinery | 694 | 138 | |
| Depreciation of fixtures and fittings | 2,388 | 2,388 | |
| Depreciation of motor vehicles | 3,162 | 3,162 | |
| Depreciation of office equipment | 489 | 223 | |
| ------------------------------- | ------------------------------- | ||
| 14,317 | 15,941 | ||
| ------------------------------- | |||
| Financial Costs | |||
| Bad debts written off | 140 | – | |
| ------------------------------- | ------------------------------- | ||
| 53,600 | 43,855 | ||
| =============================== | =============================== |
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Sandon House Community Centre Company Limited by Guarantee
Notes to the Financial Statements
Year Ended 31 March 2021
1. Accounting Policies
Basis of Accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Fixed Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Plant & Machinery | - | 25% Straight line |
|---|---|---|
| Fixtures & Fittings | - | 25% Straight line |
| Motor Vehicles | - | 25% Straight line |
| Equipment | - | 25% Straight line |
Operating Lease Agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
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