## **Sandon House Community Centre Annual Report Year Ending 31[st] March 2022** The year had been a difficult year but progress was good on the previous year, income was up however this was mainly due to grant applications that were running into the year April 2021/March 2022 and this will reflect in the following accounts and annual report. Activities continued as normal throughout the year however from April 2021 all efforts were focused on working practices not only getting back to normal but improving on services to the vulnerable in the community. Trustees had changed in the past year and this has been recorded at the charities commission. Mrs Susan Coates has taken over as chair and the board look forward to a change in direction. As of March 2022 the trustees are working on strategies to conform with government requirements and still provide services to the vulnerable in our community. Susan Coates Chairperson Sandon House Conllnunity Centre Company Limited by Guarantee Financial Statements 31 March 2022 ## **Sandon House Community Centre Company Limited by Guarantee** ## **Financial Statements** ## **Year Ended 31 March 2022** |**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 2022** The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2022. ## **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 4 November 2022 **- 1 -** ## **Sandon House Community Centre Company Limited by Guarantee** ## **Profit and Loss Account** ## **Year Ended 31 March 2022** |||**2022**|2021| |---|---|---|---| ||**Note**|**£**|£| |**Turnover**||**104,077**|70,949| |Cost of sales||**12,307**|10,739| |||-------------------------------|-------------------------------| |**Gross Profit**||**91,770**|60,210| |Administrative expenses||**77,696**|53,600| |||-------------------------------|-------------------------------| |**Profit on Ordinary Activities Before Taxation**||**14,074**|6,610| |Tax on profit on ordinary activities||**–**|–| |||-------------------------------|--------------------------| |**Profit for the Financial Year**||**14,074**|6,610| |Balance brought forward||**16,602**|9,992| |||-------------------------------|-------------------------------| |Balance carried forward||**30,676**|16,602| |||===============================|===============================| **The notes on pages 4 to 6 form part of these financial statements.** **- 2 -** ## **Sandon House Community Centre Company Limited by Guarantee** ## **Balance Sheet** ## **31 March 2022** |**31 March**|**2022**|||| |---|---|---|---|---| |||**2022**||2021| ||**Note**|**£**|**£**|£| |**Fixed Assets**||||| |Tangible assets|**3**||**9,261**|6,672| ||||--------------------------|--------------------------| |**Current Assets**||||| |Debtors|**4**|**798**||158| |Cash at bank and in hand||**23,475**||12,551| |||-------------------------------||-------------------------------| |||**24,273**||12,709| |**Creditors: Amounts Falling due Within One Year**|**5**|**464**||385| |||-------------------------------||-------------------------------| |**Net Current Assets**|||**23,809**|12,324| ||||-------------------------------|-------------------------------| |**Total Assets Less Current Liabilities**|||**33,070**|18,996| ||||===============================|===============================| |**Reserves**|**7**|||| |Share premium account|**8**||**2,394**|2,394| |Profit and loss account|||**30,676**|16,602| ||||-------------------------------|-------------------------------| |**Members' Funds**|||**33,070**|18,996| ||||===============================|===============================| For the year ended 31 March 2022 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 4 November 2022, and are signed on their behalf by: Director **The notes on pages 4 to 6 form part of these financial statements.** **- 3 -** ## **Sandon House Community Centre Company Limited by Guarantee** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2022** ## **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. **- 4 -** ## **Sandon House Community Centre Company Limited by Guarantee** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2022** ## **2. Operating Profit** Operating profit is stated after charging: ||**2022**|2021| |---|---|---| ||**£**|£| |Directors' remuneration|**–**|–| |Staff pension contributions|**165**|–| |Depreciation of owned fixed assets|**2,441**|6,733| ||==========================|==========================| ## **3. Tangible Assets** ||**Plant &**|**Fixtures &**|**Motor**||| |---|---|---|---|---|---| ||**Machinery**|**Fittings**|**Vehicles**|**Equipment**|**Total**| ||**£**|**£**|**£**|**£**|**£**| |**Cost**|||||| |At 1 April 2021|**2,777**|**15,852**|**12,648**|**1,957**|**33,234**| |Additions|**619**|**3,312**|**–**|**1,099**|**5,030**| ||--------------------------|-------------------------------|-------------------------------|--------------------------|-------------------------------| |**At 31 March 2022**|**3,396**|**19,164**|**12,648**|**3,056**|**38,264**| ||==========================|===============================|===============================|==========================|===============================| |**Depreciation**|||||| |At 1 April 2021|
**970**|**15,171**|**9,486**|**935**|**26,562**| |Charge for the year|**849**|**828**|**–**|**764**|**2,441**| ||--------------------------|-------------------------------|--------------------------|--------------------------|-------------------------------| |**At 31 March 2022**|**1,819**|**15,999**|**9,486**|**1,699**|**29,003**| ||==========================|===============================|==========================|==========================|===============================| |**Net Book Value**|||||| |**At 31 March 2022**|**1,577**|**3,165**|**3,162**|**1,357**|**9,261**| ||==========================|==========================|==========================|==========================|==========================| |At 31 March 2021|1,807|681|3,162|1,022|6,672| ||==========================|================|==========================|==========================|==========================| **- 5 -** ## **Sandon House Community Centre Company Limited by Guarantee** ## **Notes to the Financial Statements** ## **Year Ended 31 March 2022** ## **4. Debtors** ||**2022**|2021| |---|---|---| ||**£**|£| |Trade debtors|**640**|–| |Other debtors|**158**|158| ||----------------|----------------| ||**798**|158| ||================|================| |**Creditors:** **Amounts Falling due Within One Year**||| ||**2022**|2021| ||**£**|£| |Trade creditors|**127**|246| |Other creditors including taxation and social security:||| |PAYE and social security|**217**|19| |Accruals and deferred income|**120**|120| ||----------------|----------------| ||**464**|385| ||================|================| ## **5. Creditors: Amounts Falling due Within One Year** ## **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. **- 6 -** ## **Sandon House Community Centre Company Limited by Guarantee** ## **Management Information** **Year Ended 31 March 2022** **The following pages do not form part of the statutory financial statements** . **- 7 -** ## **Sandon House Community Centre Company Limited by Guarantee** ## **Detailed Profit and Loss Account** ## **Year Ended 31 March 2022** ||**2022**||2021| |---|---|---|---| ||**£**|**£**|£| |**Turnover**|||| |Voluntary Income||**12,850**|3,174| |Activities for generating funds||**665**|7,707| |Charitable Activities||**800**|(232)| |Grants||**11,342**|42,932| |Insurance claim||**1,469**|–| |Room Hire||**15,809**|11,475| |Other income||**61,142**|5,893| |||------------------------------------|-------------------------------| |||**104,077**|70,949| |**Cost of Sales**|||| |Purchases|**11,276**||10,700| |Direct costs|**1,031**||39| ||-------------------------------||-------------------------------| |||**12,307**|10,739| |||------------------------------------|-------------------------------| |**Gross Profit**||**91,770**|60,210| |||------------------------------------|-------------------------------| |**Overheads**|||| |Administrative expenses||**77,696**|53,600| |||-------------------------------|-------------------------------| |**Profit on Ordinary Activities**||**14,074**|6,610| |||===============================|===============================| **- 8 -** ## **Sandon House Community Centre Company Limited by Guarantee** ## **Notes to the Detailed Profit and Loss Account** ## **Year Ended 31 March 2022** ||**2022**||2021| |---|---|---|---| ||**£**|**£**|£| |**Administrative Expenses**|||| |**Personnel Costs**|||| |Wages and salaries|**22,376**||18,108| |Staff pension contributions|**165**||–| ||-------------------------------||-------------------------------| |||**22,541**|18,108| ||||-------------------------------| |**Establishment Expenses**|||| |Rent|**1,500**||1,500| |Rates and water|**707**||827| |Light and heat|**2,182**||2,248| |Insurance|**2,800**||1,274| |Repairs and maintenance|**35,132**||15,186| ||-------------------------------||-------------------------------| |||**42,321**|21,035| ||||-------------------------------| |**General Expenses**|||| |Motor expenses|**583**||1,742| |Travel and subsistence|**25**||85| |Telephone|**1,822**||1,340| |Subscriptions|**838**||203| |Printing, stationery and postage|**564**||402| |Sundry expenses|**917**||487| |Laundry and cleaning|**3,498**||1,717| |Legal and professional fees|**450**||–| |Accountancy fees|**1,696**||1,608| |Depn of plant and machinery|**849**||694| |Depreciation of fixtures and fittings|**828**||2,388| |Depreciation of motor vehicles|**–**||3,162| |Depreciation of office equipment|**764**||489| ||-------------------------------||-------------------------------| |||**12,834**|14,317| ||||-------------------------------| |**Financial Costs**|||| |Bad debts written off||**–**|140| |||-------------------------------|-------------------------------| |||**77,696**|53,600| |||===============================|===============================| **- 9 -** ## **. 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.