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2021-03-31-accounts

SYMONDS GREEN COMMUNITY ASSOCIATION

Registered Charity No. 286415

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2021

SYMONDS GREEN COMMUNITY ASSOCIATION INDEX

For the year ended 31[st] March 2021______ _____

Page
Trustees Annual Report 1 – 4
Reference and Administration 1
Structure, Governance and Management 2
Objectives and Activities 3
Achievements and performance 3
Financial Review 3
Reserves policy 4
Plans for the Future 4
Independent Examiners Report 5
Statement of Financial Activities (SOFA) 6
Balance Sheet 7
Cash Flow Statement 8
Notes to the Accounts 9 – 16

SYMONDS GREEN COMMUNITY ASSOCIATION

Trustees Annual Report

For the year ended 31[st] March 2021_______ _____

REFERENCE AND ADMINISTRATION

Name of Charity: SYMONDS GREEN COMMUNTY ASSOCIATION
Registered Charity No: 286415
Principal Office: Symonds Green Community Association
Filey Close, Symonds Green,
Stevenage, Herts
SG1 2JW
Trustees: Margaret Notley (T) Chairperson
David Kissane Vice Chairperson
Linda Coates Treasurer
Council members Laurie Chester Councillor
Michael Downing Councillor
John Smith Lions
Jackie Smith
 Lions
Linda Coates Carpet Bowls
Janet Merrall Learning Zone
Annette Gasson Learning Zone
Geoffrey Fisher Royal British Legion
Isobel Gasson Beavers, Cubs & Scouts
Maria Grant Irish Dancing
Celia Stephenson Mums and Toddlers
Chelsea McCartney Andrews Dance School
John Morgan Church of Christ the King
Jenny Brennan Rince Mor Academy
Non-voting Co-opted (Community Development Officer)
Members: Sharon Taylor

Page 1

SYMONDS GREEN COMMUNITY ASSOCIATION Trustees Annual Report Continued For the year ended 31[st] March 2021__ ___________

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is an unincorporated organisation which is governed by a constitution dated 20[th] June 1984.

The individual member trustees and Honorary Officers are elected or appointed on an annual basis at the Annual General Meeting. In the event of a vacancy occurring within the Honorary Officers the Council can fill the vacancy from the Council membership. Junior members can appoint two from their membership to sit on the Council.

The constitution allows groups that meet the following criteria to appoint a representative to be a member of the Council:

  1. Local statutory authorities and such voluntary organisations as operates in the area of benefit and satisfy the Council that they are an independent organisation or branch of an independent national or other organisation.

  2. Sections shall be such groups as may, with permission of Council, be formed within the Association among the individual members for the furtherance of a common activity. Groups that currently meet these criteria are:

  3. Stevenage Borough Council

  4. Carpet Bowls group

  5. Church group

  6. Irish Dancing

  7. Labour Party

  8. Learning Zone

  9. Children’s Centre

  10. Royal British Legion

  11. Cub/Scouts/Beavers

  12. At the Green Babies and Toddlers Group

  13. Andrews Dance Group

  14. Weight Watchers (Non Affiliated)

  15. Karate (Non Affiliated)

  16. Fight Night (Non Affiliated)

  17. Fishing club (Non Affiliated)

  18. Dance for fun (Non Affiliated)

  19. Rince Mor Irish Dance Academy (Affiliated)

  20. Garden House Hospice

All members of the Council must retire annually but are eligible for reappointment

Unfortunately due to the Covid 19 Pandemic, we were unable to hold our AGM in 2020, therefore appointed the following to the Executive Committee in the absence of an AGM: Margaret Notley, David Kissane, Lynda Coates, Laurie Chester, Michael Downing, Janet Merrall, Annette Gasson, Isobel Gasson and Sharon Taylor.

Page 2

SYMONDS GREEN COMMUNITY ASSOCIATION Trustees Annual Report Continued For the year ended 31[st] March 2021________

OBJECTIVES AND ACTIVITIES

The objects of the Association are:-

To promote the benefit of the inhabitants of Symonds Green and the neighbourhood without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.

To establish or secure the establishment of a Community Centre and to maintain and manage, or to cooperate with any local statutory in the maintenance and management of such a Centre for activities promoted by the Association and its constitute bodies in furtherance of the above objects.

The activities of the Association are:-

  1. The Community Centre (2 halls) 2. Tea at the Green Cafe

These buildings are hired to affiliated and non-affiliated groups such as Beavers, Cubs and Scouts; Baby and Toddler group; Karate, Carpet Bowls; a Sunday school and many more. They are also used for fundraising from time to time.

Office services including photocopying and typing provide much needed support to groups using the centres as a base for their activities. The Community Association now has its own Website - symondsgreen@symondsgreencc.co.uk; E-mail - symondsgreen@symondsgreencc.co.uk and Facebook sites for both the community centre and the café.

ACHIEVEMENTS AND PERFORMANCE

The Association measures its performance in terms of quantative information rather than qualitative information (as it considers the continued use by organisations on a regular basis is almost a measure of the quality of the organisation) as it is easier to substantiate.

Due to the global Covid 19 Pandemic and subsequent lockdown of the nation, all activities other than the nursery (The Learning Zone), legally had to cease during the year. We are anticipating that children’s groups will resume in April and adult groups in May.

FINANCE REVIEW

The attached financial statements show the current state of the finances that the council considers sound. Careful monitoring has been carried out to ensure the Association continues to operate efficiently for the community of Symonds Green.

We have had to claim the Covid-19 government given grants to sustain the Association throughout the Pandemic and forced closure of activities run from the centre.

Page 3

SYMONDS GREEN COMMUNITY ASSOCIATION Trustees Annual Report Continued For the year ended 31[st] March 2021 ____________

RESERVES POLICY

Symonds Green Community Association’s reserves policy aims to keep undesignated funds at a level equal to three months budgeted expenditure with an aim of not failing below six weeks budgeted expenditure. The trustees consider this level is required to demonstrate stability and security to beneficiaries, funders, supporters and employees.

The trustees consider it prudent to hold this level of reserves to:

The level of reserves is monitored and reviewed by trustees twice a year.

PLANS FOR THE FUTURE

Due to the Covid-19 pandemic, the re-starting of all activities and re-opening of the Tea at the Green coffee bar is our main objective. We had already reduced the timings of the coffee bar so as to limit the losses from it, but to keep it as an important part of the local community.

We have plans for a local Hospice support group to start hiring the new hall one morning a week and other new groups looking to hire the halls, as some of their normal venues remain closed after the pandemic.

Approved by the Trustees and signed on their behalf by:

Margaret Notley Chairperson

Date: 8[th] December 2021

Page 4

SYMONDS GREEN COMMUNITY ASSOCIATION REPORT OF THE INDEPENDENT EXAMINER For the year ended 31[st] March 2021

I report on the accounts for the year ended 31[st] March 2021, which are set out on pages 6 to 16.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Dated : 8[th] December 2021

Jane M E Seymour Community Accountant Orchard Villa, 2B Regent Street Stotfold, Hitchin Herts. SG5 4ED

Page 5

SYMONDS GREEN COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31[st] March_2021 __________

Notes
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Other
5
Total income
Expenditure on:
Raising funds
Charitable activities
6
Total expenditure
Net income/(expenditure)
Net movement in funds
Total Funds brought forward
Total funds carried forward
16		 2021
2020
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
42,077
-
42,077
21,743
22,978
2,445
25,423
59,514
-
-
-
240
1,738
-
1,738
2,287
66,793
2,445
69,238
83,784
-
-
-
25
62,576
1,665
64,241
89,842
62,576
1,665
64,241
89,867
4,217
780
4,997
(6,083)
4,217
780
4,997
(6,083)
10,755
2,573
13,328
19,411
14,972
3,353
18,325
13,328

Page 6

SYMONDS GREEN COMMUNITY ASSOCIATION BALANCE SHEET

As at 31[st] March 2021 __________

Notes
Fixed Assets
Tangible fixed assets
10
Current Assets
Debtors & prepayments
11
Cash at bank and in hand
Total Current Assets
Creditors: Amounts falling due
within one year
12
Net Current Assets
Net Assets
Funds of the Charity
Unrestricted funds
General funds
Restricted funds
Herts Community Foundation/Garden Equipm Funding
Locality Budget – CCTV & Centre Equipment
Locality Budget – Coffee Bar Fencing
Locality Budget – Newsletter
Locality Budget – Coffee Bar, Tables, PPE, Security & Laptop
Locality Budget – Events
Locality Budget – Repairs and Replacements
Stevenage Community Trust – Printer
Co-Operative – Fencing
Total Restricted
Total Funds
16		 2021
£
1,241
573
19,202
18,925
(2,691)
17,084
18,325
14,972
14,972
79
268
702
480
846
145
78
247
508
3,353
18,325		 2020
£
1,307
1,548
17,376
21,435
(6,903)
12,021
13,328
10,755
10,755
106
358
702
480
-
145
104
-
678
2,573
13,328

Approved by the Trustees on the 8[th] December 2021 and signed on their behalf by:

…………………………………… ………………………….…………

Chairperson

The notes on pages 9 to 16 form part of these accounts

Page 7

SYMONDS GREEN COMMUNITY ASSOCIATION STATEMENT OF CASH FLOW

As at 31[st] March_2021 __________

Notes
Cash flows from operating activities:
Net cash provided by operating activities
18
Cash flows from capital expenditure & investing
activities:
Purchase of equipment
Net cash provided by capital expenditure & investing
activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting
period
Cash and cash equivalents at the end of the reporting period		 2021
2020
£
£
2,174
(1,014)
(350)
-
(350)
-
1,824
(1,014)
17,378
18,392
19,202
17,378

Page 8

SYMONDS GREEN COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31[st] March 2021 ___________

1 ACCOUNTING POLICIES

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, Accounting and Reporting by Charities: Statement of Recommended Practice (revised 2015); Charities Act 2011 and Regulations made thereunder; and with applicable accounting standards.

Depreciation policy

Tangible fixed assets are depreciated over the estimated useful economic lives. The depreciation rate currently in use for all fixed assets held for use by the charity is 25% on the reducing balance.

Fund accounting

Funds held by the charity are either:

Unrestricted general funds

These are funds which can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds

These are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

Restricted funds

These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Resources Expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Resources expended have been analyzed and where a cost can be directly attributed to a function of the charity we have allocated 100% of the cost to this function.

Resources that are expended that cannot be applied to one particular category have been apportioned as follows:

90% of the Centre Managers Salary, 50% Admin Assistant salary, 100% of the cleaning and caretaking staff salaries with the same proportion of Employers National Insurance have been apportioned to Running costs of the Centres on the basis of staff time. The balancing 10% Centre Managers Salary and 50% Admin. Assistant and a proportion of the Employers National Insurance have been apportioned to Support costs on the same basis.

Printing, Postage and Stationery and Telephone costs have been allocated at 25% to Centre Running Costs and 75% to Support costs based on the estimated usage.

Support Costs have been allocated based on staff cost 61% Centre, 39% Coffee Bar in 2020/21 and 52% Centre, 48% Coffee Bar in 2019/20

Page 9

SYMONDS GREEN COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31[st] March 2021 ________

Incoming Resources

All income is accounted for when the Charity has entitlement, there is certainty of receipt and the amount is measurable. Income is accounted for on a receivable basis, except for hall deposits that relate to bookings in a future accounting period, the income is deferred until those periods.

2
Income from Donations and Legacies
Unrestricted
Restricted
2021
£
Grants - Stevenage Borough Council
-
-
-
Affiliations
-
-
-
Covid-19 small business grant
20,241
-
20,241
Estimated rental value of premises
12,000
-
12,000
Relief from rates
5,916
-
5,916
42,077
-
42,077
2019/20 no funds were restricted
3
Income from Charitable Activities
Unrestricted
Restricted
2021
£
Hall Hire
11,488
-
11,488
Coffee Bar
10,845
-
10,845
Locality Budget
-
2,115
2,115
Stevenage Community Trust – Printer
-
330
330
Office Services
645
-
645
22,978
2,445
25,423
2019/20 restricted funding of £925 was received -Locality Budget for Repairs and Replacements
4
Income from Other Trading Activities
Unrestricted
Restricted
2021
£
Fundraising (Events)
-
-
-
2019/20 no funds were restricted
5
Income from Other
Unrestricted
Restricted
2021
£
Employment Allowance
1,576
-
1,576
Misc items
162
-
162
1,738
-
1,738
2019/20 no funds were restricted.		 Unrestricted
Restricted
2021
£
-
-
-
-
-
-
20,241
-
20,241
12,000
-
12,000
5,916
-
5,916
42,077
-
42,077
Unrestricted
Restricted
2021
£
11,488
-
11,488
10,845
-
10,845
-
2,115
2,115
-
330
330
645
-
645		 2020
£
3,390
323
-
12,000
6,030
21,743
2020
£
35,481
22,626
925
-
482
22,978
2,445
25,423		 59,514
2020
£
240
2020
£
2,287
-
1,738
-
1,738		 2,287

Page 10

SYMONDS GREEN COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS

for the year ended 31[st] March 2021 ___________

6
Analysis of Expenditure on Charitable
Actvities 2020/21
Note
Activity
undertake
n directly
£
Community Centre
7
44,350
Coffee Bar
7
12,347
Restricted Funds – Repairs and
Replacements
8
1,012
Coffee Bar Restricted Expenditure
9
653
Total
58,362
Support costs have been allocated based on staff cost, 61% Centre and 39% Coffee Bar
Analysis of Expenditure on Charitable
Actvities 2019/20
Note
Activity
undertake
n directly
£
Community Centre
7
56,427
Coffee Bar
7
24,763
Restricted Funds – Repairs and
Replacements
8
1,112
Coffee Bar Restricted Expenditure
9
61
Total
82,363
Support costs have been allocated based on staff cost, 52% Centre and 48% Coffee Bar
7
Charitable Expenditure
Unrestricted Charitable Activities-Centre
Salaries and NIC
Payroll Charges
Notional rent and rates
Water Rates
Light & Heat
Premises Expenses, Laundry & Cleaning
Health & Safety
Security
Repairs & Renewals
Printing, Postage, Stationery etc
Insurance
Telephone
Licenses
Office Equipment
Professional Fees for HR
Staff Training
Garage Rates
Depreciation		 Activity
undertake
n directly
£
44,350
12,347
1,012
653		 Support
Costs
£
3,586
2,293
-
-		 Total
£
47,936
14,640
1,012
653
58,362 5,879 64,241

Support
Costs
£
3,874
3,605
-
-		 Total
£
60.301
28,368
1,112
61
82,363 7,479 89,842

2021
£
17,571
172
17,916
1,038
2,249
3,619
34
49
17
82
401
77
746
-
208
-
156
15
44,350		 2020
£
18,615
112
18,030
1,366
5,469
10,660
-
108
65
156
536
89
804
39
203
30
125
20
56,427

Page 11

SYMONDS GREEN COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS

for the year ended 31[st] March 2021________

7 Coffee Bar
Salaries and NIC
Payroll Charges
Coffee bar food and drink purchases
Coffee Bar expenses
Coffee Bar Card Charges
Coffee bar equipment purchases
Support costs attributed to Centre Activities
Charity Administration Salaries
Payroll Charges
Travel & Subsistence
Printing, Postage, Stationery etc
Telephone
Membership
Internet charges
Sundries
Governance
Independent Examiner's Fee(See note 19)
Trustee Expenses
Total Support
8
Restricted Charitable Expenditure
Charitable Activities – Repair & Replacements
Depreciation – Computer Equipment
Depreciation – CCTV & Centre Equipment
Depreciation – SCT New Printer
Equipment, repairs & replacements
Hand dryers
Depreciation – Play Equipment
9
Coffee Bar Restricted Expenditure
Health & Safety
Coffee bar food and drink purchases
Coffee bar equipment purchases		 2021
2020
£
£
11,181
17,140
144
240
649
6,676
25
68
348
587
-
52
12,347
24,763
2021
2020
£
£
4,310
5,395
164
128
14
25
245
469
232
266
25
65
410
445
54
197
5,459
6,990
2021
20200
£
£
400
400
20
89
420
489
5,879
7,479
2021
2020
£
£
26
35
260
346
83
-
616
500
-
195
27
36
1,012
1,112
2021
2020
£
£
53
-
361
-
239
61
653
61

Page 12

SYMONDS GREEN COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS

for the year ended 31[st] March 2021 ________

10
Fixed assets
Play
Equip
ment
Office
equipment
Cost
£
£
At 1 April 2020
5,997
329
Additions
-
350
At 31 March 2021
5,997
679
Depreciation
At 1 April 2020
5,891
225
Charge for the year
27
114
At 31 March 2021
5,918
339
Net book values
At 31 March 2020
106
104
At 31 March 2021
79
340
11
Debtors & Prepayments
Debtors
Prepayments
12
Creditors: Amounts falling due within one year
Creditors
HMRC – PAYE & NI
Pension
Accruals
Hall Deposit Paid & Paid in advance		 Play
Equip
ment
Office
equipment
£
£
5,997
329
-
350		 Fixtures and
fittings
£
2,936
-		 Fixtures and
fittings
£
2,936
-		 Total
£
9,262
350
5,997
679		 2,936 9,612
5,891
225
27
114		 1,839
275		 7,956
416
5,918
339		 2,114 8,372
106
104		 1,097 1,306
79
340		 822 1,241
2021
£
218
357		 2020
£
827
721
575 1,548
2021
£
1,154
653
54
635
195		 2020
£
3,457
971
122
1,110
1,243
2,691 6,903

13 Trustees' Remuneration and Expenses

No trustee remuneration has been directly or indirectly paid or payable for the year out of the funds of the charity to any trustee or to any person or person connected with any of them.

Page 13

SYMONDS GREEN COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS

for the year ended 31[st] March 2021 ________

14 Employees' Remuneration

Total remuneration for the year (excluding employer's contributions) amounted to £31,524 (2020 - £38,421). No employee earned more than £20,000 p.a. The average number of paid staff for the year were four (six in 2019/20) split as follows:

2019/20) split as follows:
Running Support
Centre Costs Coffee Bar
Centre Manager 90% 10%
Admin Assistant 50% 50%
Book keeper 100%
1 Coffee Bar staff 100%

The total gross salaries of key management personnel are £17,781.

15 Reserves Policy

Symonds Green Community Association's reserves policy aims to keep undesignated funds at a level equal to three months budgeted expenditure with an aim of not falling below six weeks budgeted expenditure. The trustees consider this level is required to demonstrate financial stability and security to beneficiaries, funders, supporters and employees.

The trustees consider it prudent to hold this level of reserves to:

a) fund the start up costs of developments that will enable the Association to meet its aims and objectives

b) allow for fluctuations in income due to delayed receipt of statutory and/or contract payments.

c) meet unplanned but necessary expenditure.

The level of reserves is monitored and reviewed by trustees twice a year.

Free Reserves £14,911 Three months running costs £16,047

16 Fund Analysis

Income
Expenditure
Net incoming Resources
before Transfers
Total Funds B/fwd
Total Funds C/Fwd
Fixed Assets
Current Assets
Current Liabilities		 General
Herts
Comm
Found/
Garden
Equip
Locality
Budget-
CCTV &
Centre
Equip
Locality
Budget –
Events
Sub -
Total
£
£
£
£
£
66,793
-
-
-
66,793
62,576
27
90
-
62,693
4,217
(27)
(90)
-
4,100
10,755
106
358
145
11,364
14,972
79
268
145
**15,464 **
61
79
268
-
408
17,602
-
-
145
17,747
(2,691)
-
-
-
(2,691)
14,792
79
268
145
15,464

Page 14

SYMONDS GREEN COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS

for the year ended 31[st] March 2021_________

16
Fund Analysis continued
Income
Expenditure
Net incoming Resources
before Transfers
Total Funds B/fwd
Total Funds C/Fwd
Fixed Assets
Current Assets
Current Liabilities
Income
Expenditure
Net incoming Resources before
Transfers
Total Funds B/fwd
Total Funds C/Fwd
Fixed Assets
Current Assets
Current Liabilities		 Sub -
Total
Locality
Budget –
Repairs &
Replace
Co-Op
Locality
Budget –
Coffee Bar
Fence
Sub-
Total
£
£
£
£
£
66,793
-
-
-
66,793
62,693
26
170
-
62,889
4,100
(26)
(170)
-
3,904
11,364
104
678
702
12,848
15,464
78
508
702
**16,752 **
408
78
508
-
994
17,747
-
-
-
17,747
(2,691)
-
-
-
(2,691)
15,464
78
508
702
**16,752 **
Sub-
total
Locality
Budget –
Newsletter
Locality
Budget –
Coffee Bar
Tables,
PPE,
Security &
Laptop
SCT -
Printer
Sub -
Total
£
£
£
£
£
66,793
-
2,115
330
69,238
62,889
-
1,269
83
64,241
3,904
-
846
247
4,997
11,120
480
-
-
11,600
16,752
480
846
247
18,325
994
-
-
247
1,241
18,449
480
846
-
19,775
(2,691)
-
-
-
(2,691)
16,752
480
846
247
18,325

Page 15

SYMONDS GREEN COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS

for the year ended 31[st] March 2021___________

16 Fund Analysis continued

Fund balances outstanding from Co-Operative and Locality Budget holders to provided new equipment for the Community Centre and Coffee Bar.

Herts Community Foundation provided funding for garden equipment.

Locality Budget Holders provided funds to support the production of a newsletter.

This year Locality Budget Holders provided funds to support the coffee bar, purchase tables for the centre, PPE, security and the purchase of a laptop.

Stevenage Community Trust (SCT) provided funds to purchase a printer.

17 Volunteers

Volunteer information is as follows:

Number No of Hours Total
Activity of Volunteers per Volunteer Hours
Functions 5 14 70
Handy Man/ Caretaker 2 90
Coffee Bar 2 520 (10 Per Week)
Office staff 1 30
Governance 19 6 114

18 Notes to the cash flow statement

Reconciliation of net income/(expenditure) to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Depreciation charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities		 2021
2020
£
£
4,997
(6,083)
416
437
976
1,497
(4,212)
3,135
2,174
(1,014)

19 Independent Examiner

Fees of £400 (£400 in 2020) have been accrued for the 2021 examination and preparation of accounts.

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