2021-03-31-accounts - Kew Community Trust

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Trustees Annual Report	1-3
Chairman's Report	4-5
Financial Review	6-?
Audit Report	8 —11
Statement of Financial Activities	12
Balance Sheet
Notes on the Financial Statements

		(INCL	UDING INCO	IIE AND EX	PENDITURE	ACCOUNT)
					Total			Total
			Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
		Note	Funds	Funds	2021	Funds	Funds	2020
Incoming Resources				f
Donations and
legacies			26,850	3,500	30,350	11,051	1,770	12,821
Fundraising						150		150
Charitable activities
-Avenue Club			35,721	16,007	51,728	90,117	32,279	122,396
- Kew Community
Centre			10,440	30,094	40,535	86,838	110	86,948
Investment income			99,083	0	99,083	98,061	1	98,062
Total income			172,094	49,602	221,696	286217	34,160	320,376
Expenditure
Cost of raising funds		8					843	843
Cost ofcharitable	activities
-Avenue Club			132,593	39,771	172,364	197,333	43,013	240,346
—Kew Community
Centre		10	68,251	23,763	92,014	94,756	8,677	103,433
Governance cost		13	9,5?0	2,500	12,070	4,200		4,200
Major improvements		15	20,939		20,939	23,736		23,736
Total expenditure			231,353	66,034	297,387	320,025	52,533	3T2,558
Net
{expenditure)lincome
before Gain/(Loss)
on investments			(59,259)	(16,432)	(75,691)	(33,808)	(18,374)	(52,1&2)
Net Gain/(Loss) on
Investment			580,098		580,098	(91,160)		(91,160)
Net movement in
funds for the year			520,839	{16,432)	504,40T	(124,968)	(18,374)	(143,342)
Funds brought forward
1 April 2020			3,425,726	36,180	3,461,906	3,550,694	54,554	3,605,247
Funds carried
forward 31 INarch
2021			3,946,565	19,748	3,966,314	3,425,726	36,180	3,461,906

			2021
		Note
TANGIBLE ASSETS		16		467,765		492,791
INVESTMENTS		17		3,382,377		2,802,279
CURRENT ASSETS
Debtors		18	40,435		40,006
Cash at bank			122,093		164,588
			162,528		204,595
CURRENT LIABILITIES
Creditors- amounts	falling
due within 1 year			(46,356)		(37,759)
NET CURRENT ASSETS				116,172		166,836
TOTAL NET ASSETS				3,966,314		3,461,906
Represented by:
ACCUIIIIULATED FUNDS
Unrestricted funds
General fund		21	3,455,928		2,935,088
Development fund		21	435,638		435,638
Major repairs fund		21	55,000		55,000
				3,946,566		3,425,726
Restricted funds
Development fund		20	17,600		35,032
Other funds		20	2,148		1,148
				19,748		36,180
				3,966,314		3,461,906

				Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
	individuals,	including	tax
	recovery Kew Churches			16,850	3,500	20,350	11,051	1,770	12,821
	Legacies			10,000		10,000
				26,850	3,500	30,350	11„051	1,770	12,821
4	Fundraising

		Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
Fundraising	activities				150		150
					150		150

activities
Avenue Club		Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
Grants:
—Integrated Neurological
Services
						23,164	23,164
-AGE UK			9,928	9,928		4,137	4,137
-Government Grant: CJRS Transport and carer day grants 8 donations Avenue Club:			6,067 12	6,067		190 4,788	190 4,788
-Sale of lunches	and
snacks		38		38	9,923		9,923
—Activities		21,095		21,095	59,877		59,877
-Outings					3,570		3„570
-Members' subscriptions —Donations and		9,150		9„150	12,791		12,791
Fundraising:
Bring and	Buy				1,684		1,684
Members'	donations	4,911		4„911	1,017		1,017
Other fundraising				527	1,255		1,255
		35„721	16„007	51,728	90,117	32,279	122,396

activities
Kew Community	Centre	Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
Grant: LBRUT			5,000	5,000
Government Grant: CJRS Contribution from St			25,094	25,094		110	IIQ
Luke's PCC		1,275		1,275	2,780		2„780
Hiring fees		8,675		8,675	83,588		83,588
Members' subscriptions		490		490	470		470
		10,440	30,094	40,535	86,838	110	86,948

Investment Income	Investment Income	Unrestricted	Restricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
			K
Interest	Income	97			97	1,022		1,023
Dividend	Income	98,986			989&6	97,039		97,Q39
		99,083		0	99,083	98,061	I	98,062

8	Cost ofraising funds	Cost ofraising funds	Unrestricted	Restricted	Total 2020	Unrestricted	Restricted	Total 2019
	Fundraising	costs					843	843
							843	843
9	Avenue Club costs		Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
	Salaries and	wages	33,253	15,995	49,248	29,391	27,491	58,882
	Food					8,979		8„979
	Activities		31,117		31117	58,447		58,447
	Outings					3,569		3,569
	Other		1,036		1,036	1,387		1,387
	Fundraising					35		35
	Transport costs		588	12	800	2,599	4,451	7,050
	Carer costs					400	2,394	2,794
			65,994	16,007	82,002	104,808	34,336	139,144
	Share ofpremises costs Share ofadministration		22,017	22,729	44,748	43,808	8,677	52,485
	costs		44,582	1,034	45,616	48,716		48,716
			132,593	39,771	172,364	197,333	43,013	240,346

	Kew Community costs	Kew Community costs	Unrestricted	Restricted f	Total 2021	Unrestricted	Restricted	Total 2020
	Advertising 8 publicity		1,652		1,652	2,232		2232
	Share ofpremises costs Share ofadministration		22,017	22,729	44,746	43,808	8,677	52,485
	costs		44,582	1,034	45,616	48,716		48,716
			68,251	23,763	92014	94,756	8„677 103,433
11	Administrative	Expenses	Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
	Salaries —Centre
	management		73,089	2,068	75,158	83,722		83,722
	Bookkeeping					210		210
	Payroll Processing		522		522	1,202		1,202
	Insurance		3,131		3131	3,027		3,027
	Licence fees Stationery,		353		353	765		765
	printing, postage,	IT	7,726		7,726	3,701		3,701
	Telephone		2,352		2,352	2,408		2,408
	Training					927
	Miscellaneous		319			984		984
	VAT disallowed		1,435		1,435			356
	Bank charges		237			130		130
	Bad debt provision
	Support costs:		89,164	2,068	91,232	97,432		97„432
	Allocated to Centre 50% Allocated to Avenue Club		(44,582)	(1,034)	(45,616)	(48,716)		(48,716)
	50%		44,582	1,034	45,616	48,716		48,716

Premises Costs		Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
Salaries —Cleaning	and
Caretaking Cleaning materials		14,233	23,026	37,260	38,780	110	38,890
Depreciation offurniture		2,968		2,968	4,542		4,542
and equipment Depreciation ofleasehold		7,595		7,595	7,060		7,060
improvements Heat and light Insurance		8,670	1?,432	17,432 8,670	14,782	17,244	17t244 14,782
Repairs and maintenance		5,684		5,684	5,645		5,645
Water rates		4,394	5,000	9,394	15,625		15,625
		490		490	1,183		1,183
Support costs:		44,034	45,458	89,493	87,616	17,354	104,971
Allocated to Centre Allocated to Avenue	50% Club	(22,017)	(22,729)	(44,746)	(43,808)	(8,677)	(52,485)
50%		22,017	22,729	44,746	43,808	8,677	52,485

Governance costs		Unrestricted	Restricted	Total 2021	Unrestricted	Total 2020
Audit fee		4,200		4,200	4,200	4,200
Legal and professional	fees	5,370	2,500	7,870
		9,570	2,500	12,070	4,200	4200

Wages	and Salaries
Average	number ofemployees	2021	2020
		2021	2020
Avenue	Club
Centre Management Cleaning and Caretaking		49,248 75,'f58 37,260	56,882 83,722 38,890
		161,866	179,494
Salaries National	and Wages Insurance	154,912	166,673
Pension	Scheme	5,675	10,076
		1,079	2,?45
		181,886	179,494

	e charity is committed to pa	yment. No termination pay	ments were outstanding	at 31 March 2021.
15	Major improvements		2021	2020
	Alexandra Hall refurbishment		Unrestricted	Unrestricted
	Upstairs toilets refurbishment			6,797
	External			15,824
	Roof			1,116
	Hallway refurbishment		2,250 18,689
			20,939	23,736
	Tangible Fixed Assets
		Leasehold	Furniture and
16	Cost	Premises	Equipment	Total 2021
	As at 1 April 2020 Additions	798,914	80,829	879,742
	Accumulated Depreciation	798„914	80„829	879„742
	As at 1 April 2020 Charge for the year Net book value	328,244 17,432 345,876	58,707 7,595 66,302	386,951 25,027 411,978
	As at 31 March 2021 As at 31 March 2020	453,238 470,889	14,527 22,122	467,?65 492,791

Investments		2021	2020
Valuation
As at 1 April 2020 Appreciationi(Depreciation) in value As at 31 March 2021		2,802,279 580,098 3,382,377	2,893,438 91,160 2,802,279
The chadty held 189,049.37units in CCLA's Charities	investment	Fund income Units at
31 March 2021 (2020:189,049.37)which are stated at	fair value.
Original cost ofinvestment: f2,700,000


Debtors: amounts falling due	within one year	2021	2020
Rent receivable Grants receivable		888	201
Prepayment and sundry debtors P.A.Y.E.		39,547	3,309 36,447
			49
		40„435	40,006
Creditors: amounts falling due	within one year	2021	2020
		E
Trade creditors Accruals		7,875	1,394
Deposits received in advance Members' subscriptions received Rents received in advance Payroll taxes 8 pension Vat payable	in advance	22,384 8,842 729 3,180 1,813 1,532	17,748 9,742 1,075 3,052 2,085 2,664
		46,356	37,759

Kew Community Centre	Balance at 1 April 2020	income for charitable Activities	investments K	Cost of Charitable Expenditure	Balance at 31 INarch 2021 f
—Development Fund	35,032			(17,432)	17,600
-General Fund	1,148	33,594		(32,594)	2,148
Avenue Club Transport 8 Carer Day		15,995 12		(15,995} 12
	36,180	49,602		66,034	19,748
	Balance at 1 April 2019	income for charitable Activities	Investments	Cost of Charitable Expenditure	Balance at 31 March 2020
Kew Community Centre
—Development Fund -General Fund	52,276 221	1,880		(17,244} (953)	35,032 1,148
Avenue Club Transport &Carer Day	2,057	27,491 4,788		(27,491} 6,845
	54,554	34,159		52,533	36,180

Accumulated Funds
		Unrestricted		Funds
		Major
	General Fund	Repairs Fund	Development Fund		Total	Restricted Funds
					f
As at 1 April 2020	2,935,088	55,000		435,638	3,425,726	36,180
Surplus for the year	520,839				520,839	16,432
As at 31 March 2021	3,455,928	55,000		435,638	3,946,566	19,748
		Unrestricted		Funds
	General Fund	Major Repairs Fund	Development Fund		Total	Restricted Funds
As at 1 April 2019 (Loss) for the year	3,060,055 124,968	55,000		435,638	3,550,693 124,968	54,554 18,374
As at 31March 2020	2,935,088	55,000		435,638	3,425,726	38,180

	2021 Unrestricted	2021 Restricted	Total 2021	Unrestricted 2020	Restricted 2020	Total 2020
Fund balances at 31
March 2021 are
represented by:
Tangible assets Investments Current assets i	450,164 3,382,377	17,600	487,765 3,382,37?	457,759 2,802,279	35,032	492,791 2„802,279
(liabilities)	114,025 3,946,566	2,148 19,?48	116,172 3,988,314	165,688 3,425,726	1,148 36,180	166,836 3,46"1,906