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2021-03-31-accounts

Page
Trustee's
annual
report
Independent
examiner's		 report to the trustee
Statement
offinancial		 activities
Balance sheet
Notes to the financial statements

2021 2021 2020
Unrestricted Restricted Endowment
funds funds funds Total funds Total funds
Note f f 6 6 F
Income and endowments
Donations,
grants and
legacies 4 2,553 90,465 93,018 51,887
Charitable
activities		 6 3,207 150 3,357 21,873
Other trading
activities		 6 23,437 23,437 38,B53
Total Income 29,197 90,615 119,812 112,213
Expenditure
Charitable
activities		 59,591 82,629 142,220 124,757
Total expenditure 59,591 82,B29 142,220 124,757
Net expenditure
and net
movement
in funds		 (30,394) 7,986 (22,408) (12,544)
Recondllation
offunds
Total funds brought forward 45,140 56,632 358,500 460,272 472,816
Total funds carried forward 14,748 64,618 358,500 437,864 460,272

2021 2020
Note E f
Fixed assets
Tangible fixed assets 10 372,402 374,140
Investments 11 2 2
372,404 374,142
Current assets
Debtors 13 19,952 25,984
Investments 19 23,469
Cash at bank and in hand 52,010 43,433
71,982 92,886
Creditors: Amounts falling due within
one year 14 (6,502) (6,756)
Net current assets 65,460 86,130
Total assets less current liabilities 437,864 460,272
Net assets 437,884 460,272
Funds ofthe charity
Endowment
funds		 358,500 358,500
Restricted
funds		 64,618 56,632
Unrestricted
funds		 14,746 45,140
Total charity funds 437,864 460,272

Donations, grants an d legacies (corrrrsuerg
Unrestricted Restricted Total Funds
Funds
f		 Funds
f		 2021
f
Grants
Haverhlll
Town Council		 22,095 22,095
Community Action Suffolk 3,628 3,628
West Suffolk County Council 2,553 45,682 48,235
Suffolk County Council 8,000 8,000
Covld Response 6,540 6,540
Other grants received below f5,000 4,520 4,520
2,553 90,465 93,018
Unrestricted Restricted Total Funds
Funds Funds 2020
f f
Donations
Donations 2,145 2,145
Grants
Haverhill
Town Council		 5,800 5,800
Community Action Suffolk
West Suffolk County Coundl
Suffolk County Council 33,471 33,471
Covid Response 10,471 10,471
Other grants received below f5,000
10,471 41,416 51,887

Charitable activities
Unrestricted Restricted Total Funds
Funds Funds 2021
f f
Letting 2,907 2,907
Community group income 150 150
Other income 300 300
3,207 150 3,357
Unrestricted Restricted Total Funds
Funds Funds 2020
f f f
Letting 19,959 19,959
Community group Income 1,714 1,714
Other income
19,959 1,714 21,673

Unrestricted Total Funds Unrestricted Total Funds
Funds
F		 2021
f		 Funds
f		 2020
F
Rent and booking fees Income 23,437 23,437 38,653 38,653
?. Expenditure on charitable activities
Unrestricted Restricted Total Funds
Funds
5		 Funds 2021
f
Maintenance of buildings 27,747 9,059 36,806
Other premises costs 22,937 49,948 72,885
Community group expenditure 690 690
Community kitchen 15,738 15,738
Haverhill
In		 boom 1,135 6,080 7,215
Support costs 7,772 1,114 8,886
59,591 82,629 142,220
Unrestricted Restricted Total Funds
Funds
f		 Funds
f		 2020
f
Maintenance of buildings 21,551 21,551
Other premises costs 77,367 77,367
Community group expenditure 1,768 1,768
Community kitchen 1,312 1,312
Haverhlll
in		 bloom 15,108 15,108
Support costs 7,651 7,651
106,569 18,188 124,757
Analysts ofSupport costs
2021
8		 2020f
Insurance 5,302 3,841
Bank charges 200 256
Other costs 31 156
Independent examination fee 1,615 1,660
Depredation 1,738 1,738
8,886 7,651
8. Net expenditure
Net expenditure Is stated aRer charging/(crediting):
2021
f		 2020
f
Depreciation oftangible fixed assets 1,738 1,738

indirectly.
Tangible Itxed assets
Freehold Fixtures and
property
f		 Rtfings
8		 Total
8
Cost
At 1 April 2020 and 31 March 2021 358,500 17,378 375,878
Depreclatton
At 1 April 2020 1,738 1,738
Charge for the year 1,738 1,738
At 31 March 2021 3,476 3,476
Carrying
amount
At 31 March 2021 358,500 13,902 372,402
At 31 March 2020 358,500 15,640 374,140

Investments
Shares In
gl'cup
undertakings
8
Cost orvaluation
At 1 April 2020 and 31 March 2021
Impairment
At 1 April 2020 and 31 March 2021
Carrying
amount
At 31 March 2021 2
At 31 March 2020 2

shares ofFt each. A summa ry
ofthe tradi		 ng
results is shown bel		 ow:
2021 2020
8
Turnover 24,982 183,822
Costs ofsales and consumables (1,379) (66,972)
Other charges (24,726) (116,820)
Profit/(loss)
before		 taxation (1,143) 30
Tax on profit/(loss) (6)
Net (loss)/profit (1,143) 24
The assets and fiabfiltles ofthe subsidiary were:
Current assets 8,631 42,629
Creditors: amounts fafiing due within
one year (7,747) (41,725)
Accruals and deferred income (1,123)
Total net assets (239)
13. Debtors
2021
rc		 2020
f
Trade debtors 590 5,475
Prepayments
and accrued		 income 3,798
Amounts
owed by		 Haverhifi Town Council 12,664 15,775
Other debtors 2,900 4,734
19,952 25,984
14. Creditors: Amounts falling due within one year
2021 2020
5
Trade creditors 175 1,024
Amounts
owed to group undertakings		 2
Accruals and deferred income 6,069 5,730
Social security and other taxes 258
6,502 6,756

Analysis o fcharita fcharita ble
fund		 s
Endowment funds
At 1 April At 31 March
2020
f		 Incomef Expendituref Transfersf 2021f
Arts centre 358,500 358,500
At 1 April At 31 March
2019
f		 Incomef Expendituref Transfersf 2020f
Arts centre 358,500 358,500
Restricted funds
At 1 April At 31 March
2020
f		 Incomef Expendituref Transfersf 2021f
Leiston centre 16,895 1,334 (10,229) 8,000
Terrific tuesday dementia
group 4,000 4,000
Men's group 400 400
Sodal prescribing 700 700
Community group youth
project 9,641 150 9,791
Kitchen proJect 23,059 25,188 (15,738) 32,489
The zone 24,720 (24,409) 311
Haverhifi
volunteer		 centre 34,148 (26,439) 7,709
Haverhill
In		 bloom 1,937 5,095 (5,814) 1,218
58,632 90,B15 (82,629) 64,618
At 1 April At 31 March
2019
f		 Incomef Expendituref Transfersf 2020f
Leiston centre 16,895 16,895
Terrific tuesday dementia
gl'OUP 4,000 4,000
Men's group 400 400
Social prescribing 700 700
Community group youth
project 9,695 1,714 (1,768) 9,641
Kitchen project 24,371 (1,312) 23,059
Haverhill
In		 bloom 17,045 (15,108) 1,937
31,690 43,130 (18,188) 56,632
Unrestricted funds
At 1 April At 31 March
2020
f		 Incomef Expendituref Transfers
f		 2021
f
General funds 28,952 29,197 (31,844) (11,559) 14,746
Designated funds-
Property
and repairs
reserves 16,188 (27,747) 11,559
45,140 29,197 (59,591) 14,746

ended 31 INarch 2 021
At 1 April At 31 March
2019 Income Expenditure Transfers 2020
8 8 8 6
General funds 57,626 69,083 (85,135) (12,622) 28,952
Designated funds-
Property and repairs
reserves 25,000 (21,434) 12,622 16,188
82,626 69,083 «06,569) 45,140

Unrestricted Restricted Endowment Total Funds
Fundsf Funds
8		 Fundsf 2021f
Tangible fixed assets 13,904 358,500 372,404
Net current assets &42 64,618 65,460
Net assets 14,746 64,618 358,500 437,864
As at 31 March 2020
Unrestricted Restricted Endowment Total Funds
Funds Fundsf Fundsf 2020f
Tangible fixed assets 15,642 358,500 374,142
Net current assets 29,498 86,130
Net assets 45,140 56,632 358,500 460,272
17. Financial instruments
2021 2020
The carrying amount offinancial
instruments at 31 March 2021 were:
Financial assets measured at fair value:
Freehold
property		 358,500 358,500
Investments 2 2
358,502

The follo wing
is a summary
oftransactions
with these ent		 Ies.
2021f 2020f
Amounts received:
Haverhill Town Council 50,964 48,557
Hartseats Umited 7,200
50,964 55,757
Amounts expensed:
Haverhill Town Council 76,827 44,688
Induded within debtors at year end:
Haverhill Town Council 12,664 15,775
Hartseats Limited 2,900
15,564 15,775