2021-03-31-accounts - Vine Community Trust

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1		ListofTrustees, Bankers	and Independent
2-3		Report oftheT~s
		The Chairman's Report
		Independent Examiner's	Report
6-	12	Financial Statements

		Unrestricted	Unrestricted			Total	Total
		Funds		Restricted	Endowment	Funds	Funds
	Note	General	Designated	Funds	Funds	2021	2020
		f.
INCOMING RESOURCES
Incoming resources &om
generated funds:
Voluntary Income	1	68,338				68,338	59,574
Activities forgenerating
funds	2	4,915				4,915	15,435
Investment income	3	3,997				3,997	10,696
Incoming resources &om
Charitable activities	4	173,393				173393	226 326
TOTAL INCOMING RESOURCES		250,643				250,643	312,031
RESOURCES EXPENDED
Costs ofgenerating funds
Charitable activities	5	216,008		27,983		243,991	298,942
TOTAL RESOURCES EXPENDED		216,008		27,983		243,991	298,942
NET INCOMINGl{OUTGOING)
RESOIJRCESBEFORETRANSFERS		34,635		(27,983)		6,652	13,089
Transfer between funds
TOTAL INCOMINGl{OUTGOING)
RESOURCES		34,635		(27,983)		6,652	13,089
Balances brought forward &om
last year		121,348	29,500	41,001	302,503	494,352	481,263
BALANCES CARRIED FORWARD		155+83	29@00	13,018	302,503	501,004	494,352

BALANCE SHEETASAT31STMAR	CH 2021
	NOTES				2020
		Unrestric~	Restricted	Total	Total
FIXEDASSETS
Tangible fixed assets		268,958	10,562	279,520	307,505
CURRENT ASSETS
Debtors		19,365		19,365	23,370
Cash at bank and in hand		247,869	2,456	250,325	202,874
TOTAL CURRENT ASSETS		267,234	2,456	269,690	226,244
Liabilities: amounts falling due
within one year		(48+06)		(48,206)	(39,397)
NKT CURRENT ASSETS		219,028	2,456	221,484	186,847
TOTAL ASSETSLESS
CIJRRli2IT LIABILITIES		487,986	13,018	501,004	494,352
Amounts falling due aker one year
NKT ASSETS		487+$6	13,018501,004		494/52
FUNDS			2021		2020
Endowment Funds	10		302,503		302,503
Restricted	10		13,018		41,001
Unrestricted - General Funds	10	155,983		121,348
- Designated Funds	10	29,500		29,500
			185,483		150,848
			501,004		494,352

Volunteer help	Volunteer help	Volunteer help	The value ofany voluntary hely received is not included in the accounts but is
			described in the trustees' annual report.
Investment	income		This is included in the accounts when receivable.
Investment	gains and losses		This includes any gain or loss on the sale ofinvestments and any gain or loss
			resulting &om revaluing investments tomarket value atthe end ofthe year.
EXPENDITURE AND LIABILITIES
Liability recognition			Liabilities are recognised as soon as there is a legal or constructive obligation
			committing the charity toyay out resources.
Governance		costs	Include costs of the preparation and examination of statutory accounts, the
			costs oftrustee meetings and costofany legal advice to trustees on governance
			or constitutional matters.
Grants with		performance	Where the charity gives agrant with conditions for its payment being a specific
conditions			level ofservice or output tobe provided, such grants are only recognised iu the
			SoFA once the recipient of the grant has provided the specified service or
			output.
Grants payable without			These are only recognised in the accounts when a commitment has been made
performance		conditions	and there are no conditions to be met relating to the grant which remain in the
			control ofthe charity.
Support Costs			Support costs include central functions and have been allocated to activity cost
			categories on a basis consistent with the use of resources, e.g. allocating
			property costs by floor areas, or per capita, staff costs by the time spent aud
			other costs by their usage. There are no employees who received total
			emoluments ofmore than f60,000
ASSETS
Fixed Assets		—Land and	Freehold properly is stated at open market value. This has been estimated by
Buildings			the Trustees in consultation with their professional advisers. The last
			revaluation was completed in 2001. The Trustees consider the open market
			value at the year end to be in line with the previous valuation, parlicularly
			bearing in mind the restrictive covenants associated with the property.
			No depreciation is charged on the Freehold property.
			Motor vehicles are depreciated at 33'/o per annum on astraight line basis.
			Imyrovements to property are depreciated at 10'/o yer annum on a straight line
			basis.
			All other fixed assets including fixtures and equiyment are written off in the
			year ofacquisition.
Stock			The Trustees are ofthe opinion that it continues to be realistic to carry stock at
			its realisable value which they consider to be nil.
RESERVES
Reserves			In the light ofthe Trust's high dependence on the continuation ofgrants from
			local authorities the Trust maintains a level ofreserves to protect its future
			viability should these ever be withdrawn orreduced.
			These include an amount off29,500 which was, has always been and which
			they still consider tobe the funding capital ofthe Trust

			Unrestricted		Endow-	Total	Total
			Funds t'enerel Demi cled	Restricted Funds	ment Funds	Funds 2021	Funds 2020
1.	Voluntary Income
	Donations -General		68,338			68,338	30,066
	-Motor Vehicle Replacement						29,508
			68,338			68,338	59,574
2.	Activities for generating	funds
	Bingo and raflles		846			846	1,173
	300Club		1,033			1,033	470
	Internal fund raising		3,036			3,036	10,800
	Golf day						2,992
			4,915			4,915	15,435
3.	Investment income
	Interest received		2,528			2,528	1,188
	Hire ofpremises		1,469			1,469	7,608
	Profit on sale ofassets						1,900
						3,997	10,696
4.	Incoming resources from
	charitable activities
	Grants &om local authorities		63/75			63,275	43,935
	Day care and catering mcome		102,170			102,170	170,988
	Community support income		7,948			7,948	11,403
			173,393			173,393	226,326
5.	Charitable activities,
	Catering costs		68,614			68,614	81,497
	Transport Management 4 Administration		67,613 47,030			67,613 47,030	54,154 87,927
	Other expenses		22,964			22,964	26,122
	Building repairs		8,008			8,008	19,321
	Depreciation ofFixed Assets		2	27,983		27,985	27,349
	Support Costs		1,777			1,777	2,572
			216,008	27,983		243,991	298,942

NO	TES TOTHE AC	C	OUNTS -	31ST	MARCH 2021	MARCH 2021
					Unrestricted					Endow-	Total	Total
					Funds			Restricted		ment	Funds	Funds
					General	D~Dsi	ared	Funds		Funds	2021	2020
6.	Staff Costs
	Gross wages, salaries and bene6ts
	in kind				133,223						133,223	150,542
	Employers national		insurance		6,656						6,656	8,313
	Employers pension				1,909						1,909	2,273
											141,78S	161,12S
	Average number	ofemployees		in the	year:
							This		Year		Last Year
	Fundraising
	Charitable	activities									13
	Governance
	Other
7.	Tangible Fixed Assets
						Improvements
					Freehold		to		Equipment		Motor	Total
					Property		Property		dk	Fixtures	Vehicles
	At cost/valuation	at 1stApril 2020			268,958		110,410			41,279	70,755	491,402
	Additions
	Disposal
	At cost/valuation	at31stMarch 2021			268,958		110,410			41,279	70,755	491,402
	Accumulated Depreciation
	At 1stApril 2020						99,367				43,251	183,897
	Depreciation						11043				16,942	27,985
	Eliminated on disposal
							110,410			41,279	60,193	211,882
	Net BookValue at31stMarch			2021	268,958						10,562	279,520
	Net BookValue at31stMarch			2020	268,958		11,043				27,504	307,505
											2021	2020
8.	Debtors
	Prepayments and	accrued interest									8,174	7,435
	Other Debtors										11,191	15,935
											19,365	23,370
9.	Creditors
	Accruals and deferred income										43,339	34,131
	Trade creditors										4,867	5,266
											48,206	39,397

NO	TES TOTH	E ACCOUNTS - 31STMARCH 2021
			2021	2020
10.	Funds
	Endowment	Funds
	Balance	brought forward	250,000	250,000
	Legacy	&om H Marlow deceased	52,503	52,503
			302,503	302,503

						2021	2020
	Restricted funds:
	Vehicle replacement
	Balance b/fwd					29,960	14,860
	Add: Vehicle replacement						29,508
	Add: Profit on	disposal					1,900
	Less:Depreciation					(16,942}	(16,308)
						13,018	29,960
	Refurbishment and	lift installation
	Balance b/fwd					11,041	22,082
	Less: Depreciation					(11,041)	(11,041)
							11,041
	Total restricted funds					13,01S	41,001
	Designated Funds:
	Capital					29,500	29,500
	General Funds:
	Balance brought forward					121,348	112,318
	Surplus for the year					34,635	9,030
						155,983	121,348
	Total unrestricted funds					1S5,483	150,848
11.	Trustees Remuneration	and expenses
	The Trustees did not receive any remuneration			or other payments	&om the Trust
12.	Independent Examiner's	Fees
	Independent examiner's fees forreporting		on	the accounts		$1,080	$1,030