2021-03-31-accounts - Grove Neighbourhood Centre Limited

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Trustees' Report
Independent Examiner's	report
Balance sheet
Statement of Financial Activities
Statement of Cash Flows		10
Notes to the accounts

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			Note		2021f	2021f	2020f
Cash flows from operating activities:					39,689		21,739
Cash flows from investing activities
Investment income					12		53
Purchase offixed assets					(7,706)		(35,105)
Cash flows from financing activities
Bank borrowings					(1,719)
Net cash provided by/ (used) in operating		activities			~9,4t3		35,052
Net increase/ (decrease) in cash and	cash	equivalents			36,276		~73,3731
Net increase/ (decrease) in cash and Cash and cash equivalents at beginning Cash and cash equivalents at end of	cash equivalents ofyear year				30,276 21,602 51,878		(13,313) 34,915 21,602
A: Reconciliation ofnet movement in	funds to net cash		flow from		operating	activities
					2021f		2020f
Net movement in funds for the reporting financial activities)	period (as per statement			of	26,062		3,575
Less investment income					(12)		(53)
Add depreciation					760		6,386
Decrease in capital grants							(5,386)
Increase in capital grant - for freehold							21,250
Decrease/(increase) in debtors					10,510		(3,983)
Increase/ (Decrease) in creditors					2,369		(50)
					39,689		21,739
Analysis ofcash and cash equivalents
Cash at bank and in hand at end ofyear Overdrafts facility repayable on demand					53,597 ~t, 779		21,602
					51,878		21,602

Depreciation
Depreciation	has been	provided	at the following		rates	in order to	write	off the assets	over their
estimated useful lives.
Freehold Land and buildings			Straight line	over the		length ofthe	lease
Equipment and furniture			25%straight	line
Net incomei	(expenditure)							2021	2020
								K	E
This is stated	after charging:
Depreciation	oftangible	fixed assets						760	6,386
Independent	Examiner's	remuneration						1,500	1,500
								2,260	7,886
Staff costs								2021	2020
								R	2
Staff costs during the year were Wages snd salaries Social security costs			as follows:					53,635 53,635	70,024 997 71,021
Tangible fixed assets
						Freehold
						Land and	Equipment
						buildings	K Furniture 5		Totalf
Cost
At 31 March	2020					442,119		53,188	495,307
Additions								7,706	7,706
At 30 March	2021					442,119		60,894	503,013
Depreciation At 31 March	2020							52,749	52,749
Charge for the year								760	760
At 30 March	2021							53,509	53,509
Nst book value
At 30 March	2021					442,119		7,385	449,504
At 30 March	2020					442,119		439	442,558

5	Dbt
	eors						2021	2020
								6
	Trade debtors Legacies income receivable Prepayments						741 4,029	9,976 4,665 560
	Other debtors						147	226
							4,917	15,427
6	Creditors: amounts	falling due within one			year		2021	2020f
	Bank overdrafts						1,719
	Other taxes and social		security	costs				945
	Other creditors						3,293	1,698
							5,012	2,643
7	Capital Grants						2021	2020
							6
	Tangible fixed assets
	At 31 March 2020						444,802	423,552
	Additions							21,250
	As at 30 March 2021						444,802	444,802
	Amounts written off:
	At 31 March 2020						16,538	164,539
	Write offfor the year Adjustment due to freeholding			being awarded	for the property			5,386 ~153,38
	At 30 March 2021						16,538	16,538
	At 30 March 2021						428,264	428,264
8	Restricted funds					Incoming	Expenditure/	At 30 Wlarch
				At 31 March 2020		resources	Transfer	2021
					6	6	6
	Grant from Daisy Trust				2,395		(2,395)
	Neighbourly Community		fund			400	(400)
	Hammersmith United					1,000	(1,000)
	National lottery grant					50,000	(50,000)
	StGeorges Developers		- Roof
	repairs				2,500			2,500
	Friends ofthe Grove	-	Roof
	repairs				3500 8,395	51,400	~53,795	3500 8,000

	2021	2020
Income	6	6
Grants Rent receivable Donations Gift aid claimed Job retention scheme Fundraising Total income	61,400 10,022 17,745 1,706 14,004 663 105,540	2,395 86,693 700 24 9,441 99,253
Less: Expenditure	(79,931)	(106,094)
Operating surplus/(deficit)	25,609	(6,841)
Interest receivable Other operating income	12 441	53
Net surplus/ (deficit) for the year

	2021	2020
	6	6
Administrative expenses
Wages and salaries Pensions Employer's Nl Outings &events	51,816 1,819	68,858 1,166 997
Rates		1,244
Light, heat and water Cleaning Telephone Printing, postage and stationery Repairs and maintenance Depreciation Kitchen &sundry expenses Independent examiner fees Insurance Bank charges ITcost Advertising and PR Other legal and professional fees	6,169 131 1,510 2,222 9,936 760 265 1,500 1,770 274 1,759	1,487 6,930 615 1,457 2,730 15,800 1,000 762 1,500 2,535 408 720 (2,115)
	79,931	106,094