Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial Statsments Charity registration number 279464 LONGLEVENS (GLOUCESTER) COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 lof15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mi D M88(than Mr D Evans Mr S Harris Mis S N[nan Mrs N P81ri0 Mr P Bullock Mrs P Hain8s IAppoint8d 30Apiil 20221 (Appoinlod 21 S8plernbgr 20211 (Appoinlgd 21 S&plèmbar 20211 (Appoinlod 21 S8plornber 20211 Mr N Haings Mr D Tobin Charity number 279464 Principal addr*$$ Churth Road Longlovons Gloucaslèr GL2 OAJ Indep•nd•nt examln•r Grrffilhs Marshall Beaumonl House 172 Swlhgale Stro01 Gloucgslei GL12EZ of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION CONTENTS Page TThst885' 18[ Indepandenl 8xamine¢$ report Slalemenl ol linanaal aclivil Slat8m8nl ol linanaal position Noles lo tho financAal slalBmonis 3of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2021 Th9 Iruslegs prgsgnl Ihgir annual row¥t and finanryal slalgm9nls Ihg year ended 31 OGtob9r 2021. Th8 accounts have be8n prepared in acu)rdanc8 wilh lh8 ac(x>unling policie5 Set oul in no18 110 Ihe account5 and comply with th8 chaiily's gov8ffling docurnenl, th8 Chaiili8s Acl 2011 and th8 Slalernent ol RgCOtnffler)dgd Practice. "AcccJnting and ReprytiThJ by Charibgs". issu&J in March 2005. Objectives and activitie> Th9 chaiily's obj&cls iornain tho samo to provYo lac4111$ in tho inlor8sls ol swal welfare foi recr8alional and loisure lirne occupation. To ensure a slrong a$la11)n Ihat bonoffts all mombors and is somathing Ihal r&sidenls ol Longlevens can b6 pr{ ol. The trusleos havo pa duo rogafd lo gu*Janc8 issuod by the Charity commi1)n in douding what aclivrtias th8 charity should undèrtakè. Achievements and perfomiance Th8 as50cialion racoidgd a su¢plus lor thg ye¥. Financial review 11 Is Ihe policy ol lh8 charity that unreslri¢1od lunds whith havo nol been ¢J&sNJnaled lor a 5Cri¢ use should be rnainlained al a level equivalent lo belw8en Ihree and six month's expendiluig. Th8 Iiusl8es consider Ihal r85etves al Ihis18V81 will ensuie thal. in lh8 8v8nl ol a significant drop in funding. Ihey will b8 able to ¢onlinu8 Ihg charity's current acliwligs while conshlera1 is givon lo ways in which addilional funds may be raisod. This lèv81 ol rgsarvas has b88n mainlainad 1hrougl Iha y8af. The trustees have assessed tha maior risks lo whith tho tharity is oxposed, and are satisfiod that syslorns are in place lo miligale oxposure lo Iho major risks. Structure. governance and management Th8 chaiity was 951ablished by a ch3111abla Irusl d88d on 27 F8bmary 1980. The trustees who SO0d during tho year and up lo Ihe dale ol signaluro ol thè financial stalornents wofo.. Mi D M88chan (Ap>inted 30 April 20221 Mr D Evans Mr S Harris Mis S Norman Mrs N Petrie Mi P Bullock Mis P Haines Mr N Haines Mi D Tobin (Appoinlgd 21 Sep19rnbei 20211 (Appointed 21 Seplember 20211 (Appointed 21 S8Pt8mb81 20211 The trustees carry out the rnanagemBnl ol the assorialion. of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 Auditor In accordance with the coMpanS artes, a resduth)n priJposiThJ that Griffilhs Marshall be reappoinled as auditor ol the company will bè wl al a General M6eling. d&kkn*AI'&pport was approved by the Board ol Tnjstoos. 88016973F1AC47D Chaiip¥p2È/2022 Datgd.. 5of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LONGLEVENS (GLOUCESTERI COMMUNITY ASSOCIATION I r9POrt on the finaniyal slalgments ol lh9 dlity for the yoai eryjwj 31 Odobgr 2021. which ale s91 oul on pag8s4to 11. Respective responsibilities of trustees and examinew The eharity's Iruslees are responsible lor th8 pfeparalion of Iho financial statements. The charity's Irusteas consid&1 Ihal an audil is not raquirad lor Ihis yèar Und s6clK)n 144121 ol thè Charitiès Act 2011 Ilh6 2011 Acll and that an ind8P8ndenl gxaminaliw is n8edeil. 11 is my r8sponsibilily lo.. examin8 the financial slal8menls under soclion 145 01 tho 2011 Acl,. lill lo follow the pr(edureS laKJ down in Ihè gonoral Dir8clk)ns givan by tho Charity commissh undar $8clion 14SISllbl ol Ihè 2011 Act,. and liiil lo stale wh8lh8r particulai maller5 have lo my atten1. Ba*1• of indèpèndènt èxamintrfs réport My gxaminalh)n was carried out in accordance wilh Ihe general Direclions givon by Ihe Charily Cornmission. An oxaminalh)n indudes a le¥W ol Ihe accounting iocords kepl by Ihg charity and a comparison ol the rinancial slatamanls pr8sanl8d with thos8 18cords. 11 also indudas consM1èralion ol any unusual ilams or disclosures in the financial slalemenls, and so$kin9 gxplanalKJns Irom Y as Iruslg8s conceming any such mallgrs. Tho Pfo¢sdures undgrtak$n do nol provKl& all the gvidgn¢e that would b8 roquilod in an audll and consequently no opinion is given as lo wh8ther the financial slalem8nls presenl a 'true and laii view. and the report is lirniled lo Ihoso malteis sel out in the nexl slalornont. Independent exaffliner's statement Your allenlM)n is drawn lo the lacl that the charity has piepared finanaal slalomonts in accorda8 wilh Accounting and rèporting by Charitiès pr8paring Ihair accounts in accordancè wthh tha Financial Rap(Mting Standard applicablè in Iha UK and Republic of Ireland IFRS 1021 in pref8r8ncè lo th8 Accounling and Reporting by Chariti95." Slalemenl of Rgcotnmgnded Pradice issued on 1 2005 whith is Igletted lo in the exlanl r9gUla1ns but has now been withdrawn. l understand that this has been done in order lor the finanaal stalomonls lo provide a true and lair ¥W in accordance with Gen8rally Aiwl8d Ac(ntIng PractK8 8ff8CtN8 lot t#w>rting p8titxls b8ginning on 01 after 1 January 2015. In connection wilh my examination, no 0th8r malter èxcept that referred lo in the PfeVkWS paragraph has corn8 to tny att8nlion". lal which gives Me reasonable cause lo believe that in any material respect Ihe requirernents.. lil lo keep accounling recoids in accordance th 58cl 130 01 the 2011 Acl.. and lill lo prepare financial stalgm9nls which arxorij with the a(wunling Igwrds and Ix)rnply with Ihg accounling 19qUi1gmenls ol Ihe 2011 Acl". have nol b8en mel or Ibl lo which. in tny opinion. atIen1 Shou be drawn in lo gnab19 a ptoper und9tslanding ol Ihg financial slat9menls lo be reached. lan Piico Griffrths Maish811 8eautnonl House 172 Southgato Stroel Glouceslei 6of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank LILCL Datgd.. Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2021 Unrestricted Unrestricted funds funds 2021 2020 Noteg Donalions and 1ggaci95 Charitable aclivitl8S Malorial olhar incoma 21,052 178.583 41,120 12,500 262.070 15,566 Total income 240,755 290,136 Charitabla activitiès 235,651 266,026 Net Income for the yearl Net movement in funds 5,1(M 4,110 Fund balances al 1 Nov&mt*r 2020 207,980 203,870 Fund balane•$ at 31 October 2021 213.084 207,980 Tha slalamènl ol finandal aclfvttlès Indth18s all gakns and losses rwJnis8d in tha yèar. All income and oxpendituro dorive Irn continuing actNilies. 7of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2021 2021 2020 Notes Fixed assets Property. plant and oquipmenl Current assets Invenlories Trade and other r8cèivabl&s Cash al bank and in hand 195,591 202,557 9.131 11,frf)1 76,809 6,413 8,736 74,165 97,541 144.2151 89,314 133,8911 Current liabilities N&1 currenl assgls 53.326 55.423 Total assets less eurr•nt liabiliti•8 248.917 257.980 Nonwcurrent liabilities 10 135.833 150.OCIJI Net assets 213.084 207,980 Income funds Unieslricled funds 213.084 207.980 213.084 207.980 8110/2022 Th8 financial stal8monts w8r8 apptovthl by th8 Ttusl88s (M) ............-.......-.... vans Joint Treasurer 8of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 Accounting policies Charity infomiation Longlevgns IGlosJcestgrl CommunityAssoc4alw 15 a rogisler•J charity with thaiity nurnbgr 279464. 1.1 Accounting convention The financial sla19monls have beon propargd in aCWd8n th the Igov8ming docurn9nll, the Charities Acl 2011. FRS 102 "Tho Financial Reporting Standard applKable in Ihe UK and Ropublic ol Iialand" I'FRS 102.1 and Iha Charilios SORP "Accounting and Raporting by Charilias.. Slal6menl ol Recommèndèd Practic& appliGabl6 lo charilias weparing Ihair accounts in aecoidance wilh the Financial Reporting Slandaid appliGablg in the UK 8t RepubliG ol Ireland IFRS 1021" leffeGlive 1 January 20191. The charity is a Public Bengfil Enlity as defined by FRS 102. Tha charity has tak8n a¢fvantag8 ol tho provisM)ns in th8 SORP lor charitias lo propar8 a Slatarnant ol Cash Flows. Tha linanaal slalèm8nls hava daparfod from Iha Chanliès (Acciwnts and Raporfsl R8gulations 2008 only lo Iha gxtenl rUIred to provida a lrna and lair vi8w. This daparture has involvad following Ih8 Slatamanl ol Recotnmendgd Pia¢li¢e lor ¢haiili$s applwng FRS 102 rather Ihan Ihg Vorsion of Ihe Slalotnenl ol Recornmended Prac14 which 15 referred lo in the RegulalThs but whith has since been withdrawn. Thg financial slaletnenls ai$ pigparod in $1odiThJ. which is the fundK>nal ¢uThgncy ol Ihe charity. Monetary atnounls in these financial stslernents are r(nded lo Iho ntrartrsl £. Th9 financial stalerngnls hav8 twn prepared und81 Ihg histofiGal wsl conv9nlK)n. Itnodrfied lo includ8 the revalualion of fr9ehold properties and lo indude inveslm8nl pioperli8s and cgrtain financial insliurngnls al lair valuel. The prinrjpal accounting pJlKx8s adcyled are sel out below. 1.2 Going concern Al the timè ol approving the fInarlar slaloments. the trusleos havo a reasonable expeclalion Ihal the chaiity has adequat8 r850UIC8s lo Ix)ntinu8 in op8i3lK)nal 8xist8nc8 loi th8 foi8s88able fulure. Thu5 th trust6èS IX)ntinu8 to adopt tha lIng cOn(n basis of (thnting in prapaiing Iha finan(ial stal8rn8nts. 1.3 Charitable funds Un19slric19d funds ar9 awailaN9 lor usg al the ol lh9 Iwuslggs in lurtherancg of their charitable objgctives. Restrict8d funds a18 subpd to 5P8cffic (xjndtlions by donots as to how Ih8y tnay b9 Used. Th8 PUtPQS95 and uses of the 19slriclgd funds arg sel oul in the rK)les lo the financial slalemgnls. Endowrn8nt funds ai8 subj8d to 5P8Ctfic tx)ndttKS by d(5 that Ih8 ratmtal musl b8 rnainlain8d by Ihg harity. 1.4 Ineoming resources Incorng is lgcognised vthen lh9 charity is legally enliued lo it after any performance condits'ons havg bgen wnet. the arnounls can bg measured ieliably. and il is wobable that in(x)rThe will bg recoived. Cash donations a18 r8uNJnis8d on r8C8iPt. oth8r donatK)ns ar8 r8uyJnis8d oncg th8 charity has b88n nolrfied ol the donation. unless perfotrnance nd1tH)nS Igquiie deferral of Ihg atnounl. Incotne tax recoverable in relation to donations received undei Gift Aid or deeds ol (x)venant is recogni8ed at the time of the donation. 9of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Lggacies are iecognisgd on rgcgipl othetwisg rf thg chartty has b99n nolffigd of an irnpending distribution, the amounl is known, aThl reIpl is expecied. 11 the amount is not knovm, the legacy is trealed as a conlinoent assel. Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2021 Accounting policies (Continuedl 1.5 Regourceg expended Resources expended are reojgnised in tho pe1 they are inoJThod. 1.6 Property. plant and equiprnent Properly, planl and 6quipm6nl ar8 in11llY m8asur8d at cosl and subsequènlty maasur8d al $1 or valualion, n61 ol depteGialK)n and any ifflpaifflienl k)sses. Dèprècialion is reo)gnisad so as lo wrilo off the $1 or Valuat of awts l&ss Ihgir residual values over Ih8ir u5elul Iwes the following bases.. Land and buildings Equipment Fixturos & fillings CCTV 20% reduc1 balance 20% r8duang balanc8 20% redu¢u)g balance Tha gain or loss arising on Iha disposal ol an at is dètam)inad as th8 diff8r8nc8 batw8an Ihg sal8 PIOC9eds and the cafrying valv8 ol Ihtr asssl, and is rec(KJnissd in tha slalgmo111 ol financial a¢livili8s. 1.7 Impalrni•nt of non4urrent a89•ts Al 9ach repoiling end dale. Ihe chaiily r8views the carryiThJ amounts ol ils langible assets lo d81grrnine wheth91 there is any indica¢ Ihal those assets have sulfered an impairmgnl loss. 11 any such indulion exisls, Ihe recoverable arnounl ol the asset is ostimalod in ofdef lo doleimine Ihe 6xlonl ol the irnr8im)enl Jss lil any}. 1.8 Inventories InventOn8S a18 stat8d at thè lowèr of cosl and 8slimatad s&lling pric8 lèss cosls to complèto and 11. Cost compliS diieGt maleiials and. whgrg applKablg. direGI lat)(wJr rosls and those ov9theads that havg b9en incurred in bringing the inventoti9s lo their present l¢xalion and ¢Thdition. Items held Iw distn'bulion al no or norninal consideration are rneasured the k)wer ol repla(lent cost and St. Nel realisable value is the estimated selling wice less all eslimaled cwis ol c4Jmplelion and o)sts lo bo incurred in rnarkeling, selling and dislribulion. 1.9 Cash and cash equivalents Cash and cash @qUalents indude G4sh in hand, deFX)sils h6kJ at call w1h banks, olhei 5horl-term IiquKI inv8slrnonts with original matutiti85 of thi99 monlhs or 19Ss. and bank ovoidrafts. Bank ovoidrafts aig shown within boirowing5 in Irrn1 liabl1rt. 1.10 Financial instruments The charity has elected to apply the pl0visS ol Section 11 'Basic Financial Inslwrngnls, and Section 12 'Other Financial Instruments Issues, ol FRS 102 to all ol its finanaal inslrurnenls. Financial in51tum8nts ale rewni51 in Iho thatrtls balance 5h6el the tharity b8corne5 party lo the onlractual piovisions of the instrutnent. Financial assets liabilrties are offset. with thg net amounts pigsented in Ihe financial star91$. when Ihere is a legally enIOrable wht to sel off the rewnised amounts and Iheie is an intention to settle on a nel basis or to realise the asset and settle the liability simulianeously. IOof15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2021 Accounting policies (Continuedl Basic financial assets Basic financial assgls, whKh include trade and other receivables and cash and bank balances, are initially measured al transaction prKo including IransaclK)n costs and are subsaquenlly carrigd at arnortised cost using the affacliva inl6resl mèth(Kl unlèss thè arrangèment conslilules a linanano Iransaclion. where th8 tran5acll0 is rn8a5U18d al the pie5enl valu8 of th8 futu18 receipts discoun18d al a tnarkel ral8 of in181891. Financial as5els dassified as Tl¥able wilhin ygai at9 not arnorb'wj. B45iG fin4n¢i?I liabilities Basic finanaal Iiabililies. induding trade and olher payablos and bank loans are initially recognised al transaclion prico unless tho auangemonl conslilules a financing transadion, where the dobl instrument is m8asur8d al Ihg pr8s8nl valuè ol the luluig paym6nls dis¢ounl&J al a market falo 01 inlero$1. Financial IlabilitS classiliod as payablè wilhin one year aig nol amorti. Debl inslrurnenls aro subsoqu8ntly caled at amtised cost, using tho effoctive inloresl ralo method. Trada payablas ar8 oblKJations lo pay lor gcthls or Ihal havo b88n a(4uir8d in th8 ordinary cnurs8 ol opeialions Ifom suppliofs. Amounls payable arts dassifiod as rren1 Iiabililies if payment is du? wilhin ontr ygai oiloss. 11 not, they ai$ plos6n11 as Th)n4rrOnt Iiabililies. Tiade payabltrs ale re¢ognised inilially al Iiansaclion pric and subsequently m8asur8d at amortised 51 using lh8 elleclive inleresl method. Dereroqnition of fin•nci41 li•bilili Financial liabilities are derecognised whon the charitys traclua1 oblwJalions oxpiro or are discharged or canc811ad. 1.11 Employee benefits The cost ol any unused h(Jiday onliuèmenl is re¢(Jnised in lh8 F*rK)d in whith the empbyee's seThic&s ale ieceive(l. Tarmination b6n6fils are fecognised irnmedialely as an expens6 when Ihe charity is d&monslrably commilled lo lemiinale the employmonl ol an employa6 lo provKlè Iwminalion benefits. Charitable activities Charitable Charitable Income Income 2021 2020 Bar incotne Mernbeiship Rental income 162.271 2.450 13,862 244.268 3.238 14,564 178.583 262.070 11 of 15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2021 3 Charitable activities Charitable Charitable Expenditure Expenditure 2021 2020 Staff costs D6pr6cialion and impairmgnt Purchases Rales & wat8r H8al & light Insuranc8 Repairs & rnainlananc8 Cleaning Phone & inlernel Printing, postage, slalK)nery & ¢(Mnpuler Bank ch8rg8s Licèncas Other piolgssional lees Accountancy Trips & parti8s Othei Gosls 102,429 8,6 78,292 3,226 9.579 4,356 7,569 921 2,130 1,010 5.028 5,362 2,172 4,1NJO 64,586 10,647 132.006 1,250 10.400 4,137 18,649 2.367 1,778 2,440 4.018 5,316 2,796 3.699 100 1,837 651 235,651 286,026 235.651 286.026 Employees Th8 av8iag8 tnonlhly numb8r of 8tnploy88s durng th8 year was.. 2021 Number 2020 Number Employment costs 2021 2020 Wages and salari6s 102,429 64,586 There were no employees vhKJse annual remuneratK)n was nM)re Ihan £60,0(KJ. 12of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2021 Property. plant and equiprnent cciv Totsl Cost AI 1 Nov8mber 2020 Additions 159. 39.297 96.433 1.097 6,855 302,551 1.942 Al 31 Odob8r 2021 159.966 40.142 97.530 6,855 304,493 Depreciation and impairnient Al 1 Nov6mbèr 2020 DepreGialwJn tharged in the year 62,477 7.011 6,014 168 99,995 8,907 1.728 Al 31 October 2021 33,232 69,488 6,182 108,902 Canying amount Al 31 Oclob8r 2021 159,966 6.910 28,042 673 195,591 At 31 Octobar 2020 159.966 7,794 33,956 202,557 Investment propertios rgnled lo aTh)Itw ortwp lty hav& i*&n a(%thJnlgd lor using the o)$1 model. The carrying valu8 ol th investment propgrti8s indudod within £159,96612021> £159.9661. Invèntorl•• 2021 2020 Finished gcN)Js and goods lor resa 9,131 6,413 Trade and other receivables 2021 2020 Amountg falling due within one year: Trado 18c8ivab185 Olh9r 1gC9ivablgS Prepayments and ac(xu8d inc(Mmè 5.992 4.726 4,662 3.253 821 11,601 8,736 13of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank Draft Financial StzteTTrents LONGLEVENS IGLOUCESTER) COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2021 Borrowings 2021 2020 Bank loans 45.833 50,000 Payable within on8 yèar Payabl8 after one year 10,(K)O 35,833 50,000 Current liabilities 2021 2020 Notss Bank loans Other laxalion and social seryjiity Trade payables Olhar payabl8s Accruals and deleThed income 10,(K)O 17,192 12,448 360 4.215 19.422 10,307 490 3,672 44,215 33,891 10 Nonrycurrent liabilitie> 2021 2020 Notts Bank loans 35,833 50,000 11 Contingencies During the year 2013 the Asswialion purthased the FreeMd Land from Gloucesler County Council lor £50,000. In the contract il was agraed Ihal in the event ol a subsequenl sale ol th6 land by th6 ASlatIOn thon this would Ingggl a payrn8nt of £12.5(X) back lo GIouc8St81 County Council. 14of15 1010812022 13..07
Firefox Docusign EnvÈlope ID." 7FF06D98-801E4584-892&749AC8999313 about..blank 11 15of15 1010812022 13..07