| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | I | to | 3 | ||
| Report ofthe Independent Auditors |
4 | to | 7 | ||
| Statement | ofFinancial | Activities | |||
| Balance | Sheet | ||||
| Notes to | the Financial | Statements | 10 | to | 16 |
| Detailed | Statement of | Financial Activities | 17 | to | 18 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
2,304 | 26,797 | 29,101 | 27,493 | |||
| Other trading activities | 2 | 144,965 | 144,965 | 267,088 | |||
| Investment income |
3 | 16 | 16 | 67 | |||
| Other income | 56,127 | 56,127 | |||||
| Total | 203,412 | 26,797 | 230,209 | 294,648 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 150,499 | 150,499 | 201,174 | ||||
| Other | 85,808 | 8,370 | 94,178 | 115,650 | |||
| Total | 236,307 | 8,370 | 244,677 | 316,824 | |||
| NET INCOME/(EXPENDITURE) | (32,895) | 18,427 | (14,468) | (22,176) | |||
| Transfers between funds |
14 | 60,990 | (60,990) | ||||
| Net movement in funds |
28,095 | (42,563) | (14,468) | (22,176) | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | (5,178) | 108,701 | 103,523 | 125,699 | |||
| TOTAL FUNDS CARRIED FORWARD | 22,917 | 66,138 | 89,055 | 103,523 |
| 31DEC | EMBER 2020 | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | k | ||||
| FIXEDASSETS | |||||
| Tangible assets | 7 | 7,401 | 501,855 | 509,256 | 556,771 |
| CURRENT ASSETS | |||||
| Debtors | 8 | 8,396 | 8,396 | 11,971 | |
| Cash at bank and in hand | 25,610 | 25,610 | 30,177 | ||
| 34,006 | 34,006 | 42,148 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
9 | (18,490) | (18,490) | (16,722) | |
| NET CURRENT ASSETS | 15,516 | 15,516 | 25,426 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 22,917 | 501,855 | 524,772 | 582,197 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
10 | (167,753) | (167,753) | (183,913) | |
| ACCRUALS AND DEFERRED INCOME | 13 | (267,964) | (267,964) | (294,761) | |
| NKT ASSETS | 22,917 | 66,138 | 89,055 | 103,523 | |
| FUNDS | 14 | ||||
| Unrestricted funds |
22,917 | (5,178) | |||
| Restricted funds | 66,138 | 108,701 | |||
| TOTAL FUNDS | 89,055 | 103,523 |
| 2020 | 2019 | ||
|---|---|---|---|
| Hall hire | 3,868 | 19,317 | |
| Occupation | licence | 24,717 | 48,000 |
| Membership | and guest fees | 812 | 7,783 |
| Playgroup | 83,710 | 82,829 | |
| Activities and entertainments |
3,008 | 8,834 | |
| Raffles and | lotteries | 2,603 | 11,446 |
| Contributions &om activities |
7,720 | 16,792 | |
| Electricity | recharged to Vodafone | 13,254 | 12,516 |
| Pool table and video machine | 602 | 3,214 | |
| Deed ofcovenant | 36,000 | ||
| Catering | 1,752 | 7,437 | |
| Consulting | charges reimbursed | 2,919 | 12,920 |
| 144,965 | 267,088 | ||
| INVESTMENT INCOME | |||
| 2020 | 2019 | ||
| Deposit account interest | 16 | 67 |
| The average monthly number ofemployees duri |
ng the year was as follows: | |
|---|---|---|
| 2020 | 2019 | |
| Office | 2 | 2 |
| Cleaning | I | 3 |
| Playgroup | 7 | 7 |
| Door | I | 2 |
| 14 |
| COMPARATIVES FOR THE STATEMENT | COMPARATIVES FOR THE STATEMENT | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | ACTIVITIES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | fund | funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
696 | 26,797 | 27,493 | |||
| Other trading activities | 267,088 | 267,088 | ||||
| Investment income |
67 | 67 | ||||
| Total | 267,851 | 26,797 | 294,648 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 201,174 | 201,174 | ||||
| Other | 105,880 | 9,770 | 115,650 | |||
| Total | 307,054 | 9,770 | 316,824 | |||
| NET INCOME/(EXPENDITURE) | (39,203) | 17,027 | (22,176) | |||
| Transfers between funds |
19,816 | (19,816) | ||||
| Net movement in funds |
(19,387) | (2,789) | (22,176) | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 14,209 | 111,490 | 125,699 | ||
| TOTAL FUNDS CARRIED FORWARD | (5,178) | 108,701 | 103,523 | |||
| TANGIBLE FIXED | ASSETS | |||||
| Fixtures | ||||||
| Freehold | Freehold | slid | Office | |||
| property | improvements | fittings | equipment | Totals | ||
| COST | ||||||
| At 1 January 2020 and |
||||||
| 31 December 2020 | 145,214 | 827,268 | 40,744 | 57,966 | 1,071,192 | |
| DEPRECIATION | ||||||
| At 1 January 2020 | 55,179 | 371,291 | 29,985 | 57,966 | 514,421 | |
| Charge for year | 2,904 | 41,253 | 3,358 | 47,515 | ||
| At 31December 2020 | 58,083 | 412,544 | 33,343 | 57,966 | 561,936 | |
| NET BOOXVALUE | ||||||
| At 31December 2020 | 87,131 | 414,724 | 7,401 | 509,256 | ||
| At 31December 2019 | 90,035 | 455,977 | 10,759 | 556,771 |
| FORTHE YEAR ENDED 31DECEMBER2020 | |||
|---|---|---|---|
| 8. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | ||
| 2020 | 2019 | ||
| Trade debtors | 2,125 | 2,819 | |
| Prepayments | 6,271 | 9,152 | |
| 8,396 | 11,971 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2020 | 2019 | ||
| 6 | |||
| Trade creditors | 2,391 | 5,709 | |
| Taxation and social security | 2,032 | 4,049 | |
| Other creditors | 14,067 | 6,964 | |
| 18,490 | 16,722 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUK AFTER MORE THAN ONE YEAR | ||
| 2020 | 2019 | ||
| Other creditors | 167,753 | 183,913 | |
| 11. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 2020 | 2019 | ||
| Amounts falling due in more than five years: |
|||
| Repayable by instalments: |
|||
| Mortgage - Barclays Bank pic | 167,753 | 183,913 | |
| 12. | SECURED DEBTS | ||
| A charge dated 9March 2010exists over the treehold premises to secure monies advanced by |
Barclays Bank pic | ||
| to the charity. | |||
| 13. | ACCRUALS AND DEFERRED INCOME | ||
| 2020 | 2019 | ||
| Building Project grants - The Big Lottery Fund | 246,964 | 271,661 | |
| Other Building Project grants | 21,000 | 23,100 | |
| 267,964 | 294,761 |
| MOVEMENT | IN FUNDS | |||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.20 | in funds | funds | 31.12.20 | |||
| f | ||||||
| Unrestricted | funds | |||||
| General fund | (5,178) | (32,895) | 60,990 | 22,917 | ||
| Restricted funds |
||||||
| Building Project Fund | 108,701 | 18,427 | (60,990) | 66,138 | ||
| TOTAL FUNDS | 103,523 | (14,468) | 89,055 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources f |
expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 203,412 | (236307) | (32895) | |||
| Restricted funds |
||||||
| Building Project Fund | 26,797 | (8,370) | 18,427 | |||
| TOTAL FUNDS | 230,209 | (244,677) | (14,468) | |||
| Comparatives | for movement | in | funds | |||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.19 | in funds | funds | 31.12.19 | |||
| f, | ||||||
| Unrestricted | funds | |||||
| General fund | 14,209 | (39,203) | 19,816 | (5,178) | ||
| Restricted funds |
||||||
| Building Project Fund | 111,490 | 17,027 | (19,816) | 108,701 | ||
| TOTAL FUNDS | 125,699 | (22,176) | 103,523 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| f, | ||||||
| Unrestricted funds |
||||||
| General fund | 267,851 | (307,054) | (39,203) | |||
| Restricted funds |
||||||
| Building Project Fund | 26,797 | (9,770) | 17,027 | |||
| TOTAL FUNDS | 294,648 | (316,824) | (22,176) | |||
| A current year 12months | and prior year 12months | combined | position is as follows: | |||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.19 | in funds | funds | 31.12.20 | |||
| g | f. | 6 | ||||
| Unrestricted funds |
||||||
| General fund | 14,209 | (72,098) | 80,806 | 22,917 | ||
| Restricted funds | ||||||
| Building Project Fund | 111,490 | 35,454 | (80,806) | 66,138 | ||
| TOTAL FUNDS | 125,699 | (36,644) | 89,055 | |||
| A current year 12 months | and prior year 12months | combined | net movement | in funds, included | in the above | a |
| as follows: | ||||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| f, | ||||||
| Unrestricted funds |
||||||
| General fund | 471,263 | (543,361) | (72,098) | |||
| Restricted funds |
||||||
| Building Project Fund | 53,594 | (18,140) | 35,454 | |||
| TOTAL FUNDS | 524,857 | (561,501) | (36,644) |
| FOR THE YEAR ENDED 31DE | CEMBER 2020 | ||
|---|---|---|---|
| 2020 | 2019 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Gifis | 697 | ||
| Building Project grants - The Big Lottery Fund Other Building project grants |
24,697 2, 101 |
24,697 2,099 |
|
| Co-op Community fund |
2,303 | ||
| 29,101 | 27,493 | ||
| Other trading activities Hall hire |
3,868 | 19,317 | |
| Occupation licence |
24,717 | 48,000 | |
| Membership and guest fees |
812 | 7,783 | |
| Playgroup Activities and entertainments |
83,710 3,008 |
82,829 8,834 |
|
| Raffles and lotteries | 2,603 | 11,446 | |
| Contributions fiom activities |
7,720 | 16,792 | |
| Electricity recharged to Vodafone Pool table and video machine |
13,254 602 |
12,516 3,214 |
|
| Deed ofcovenant | 36,000 | ||
| Catering | 1,752 | 7,437 | |
| Consulting charges reimbursed |
2,919 | 12,920 | |
| 144,965 | 267,088 | ||
| Investment income |
|||
| Deposit account interest | 16 | 67 | |
| Other income | |||
| Covid grant | 11,334 | ||
| CJRS grant | 44,793 | ||
| 56,127 | |||
| Total incoming resources |
230 209 | 294 648 | |
| EXPENDITURE | |||
| Raising donations and legacies Rates, water and insurance |
6,242 | 8,758 | |
| Light and heat Cleaning and laundry Repairs to premises |
16,553 2,326 3,387 |
23,285 5,730 11,180 |
|
| 28,508 | 48,953 | ||
| Other trading activities Activity and entertainment Carried forward |
costs | 9,521 9,521 |
30,225 30,225 |
| PARKWOOD COMMUNITY ASSOCIATION | |||
|---|---|---|---|
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||
| FOR THE YEAR ENDED 31DECEMBER 2020 | |||
| 2020 | 2019 | ||
| Other trading activities Brought forward Catering costs Wages and salaries - playgroup Pensions |
9,521 1,579 68,840 798 |
30,225 5,416 74,610 607 |
|
| Improvements to property |
41,253 | 41,363 | |
| 121,991 | 152,221 | ||
| Support costs | |||
| Management Administrative salaries |
67,772 | 78,334 | |
| Pensions | 447 | 341 | |
| Equipment leasing Postage, stationery and telephone Computer running costs Sundries |
1,485 2,014 1,392 3,600 |
6,175 2,722 1,054 6,718 |
|
| Legal and professional | charges | 1,468 | 1,362 |
| 78,178 | 96,706 | ||
| Finance | |||
| Bank charges Mortgage |
820 5,466 |
1,350 6,866 |
|
| 6,286 | 8,216 | ||
| Human resources |
|||
| Advertising and marketing |
241 | 1,364 | |
| Other | |||
| Freehold property Fixtures and fittings |
2,904 3,358 |
2,904 3,365 |
|
| 6,262 | 6,269 | ||
| Governance costs |
|||
| Auditors' remuneration |
3,211 | 3,095 | |
| Total resources expended | 244,677 | 316,824 | |
| Net expenditure | (14,468) | (22,176) |