2021-03-31-accounts - The Somers Town Community Association (Camden)

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Darshan Sanghrajka		Chair	Entrepreneur
Guli Sarkar	Resigned 01.02.2021		Resident
Benedict Wee		Treasurer	Resident
Maxine Jervis			Resident
Helen Cadiou			Resident
Salima Abdallah			Resident
Nabil Khabirpour	Appointed 01.04.2021		Resident
Rachel Johnson	Appointed 01.04.2021		Resident
Ex-Officio Members	non-votin
Roger Robinson		Somers	Town Councillor

CURRENT ASSETS
	Note	2021	2020
Debtors &Prepayments		86,971	62,079
Cash at Bank and in Hand		640,026	375,446
		726,997	437,525
Creditors
Amounts due within one year	10	117,044	78,172
NET ASSETS		f. 609,953	f.359,353
F~id B:—
Unrestricted Funds
Somers Town General Fund		197,495	73,933
Community Cafe General Fund		22,601	22,601
Living Centre General Fund		156,527	142,210
Total Unresn'icted Funds		376,623	238,744
Restricted Funds	12	233,330	120,609
Total Funds		f.609,953	K359,353

				Unrestricted	Restricted		Total Funds	Total
Funds
Income			Notes	Funds	Funds		2021	2020
Income from Charitable		Activities:
Grant Aid Operation ofCentre Activities			3a 3b	186,143 49,832	649,382		186,143 699,214	138,598 445,956
Investment Income —Bank Interest				211			211	698
Total Income				236,186	649,382		885,568	585,252
Expenditure on:
Charitable Activities Operations ofCentre			4 5	135,786	499,182 —	'	499,182 135,786	431,382 256,167
Total Expenditure				135,786	499,182		634,968	687,549
Net Movements in Funds		&
Income/(Expenditure)	for the year			100,400	150,200		250,600	(102,297)
Transfers between Funds			11,12	37,479	(37,479)
Balance brought forward		at
Ie April 2020				238,744	120,609		359,353	461,650
Balance carried forward
31"March 2021			11,12	376,623	233,330		609,953	359,353

		2021	2020
Net cash used in operating	activities	264,369	(122,814)
Cash flow from investing	activities:
Interest		211	698
Change in cash and cash	equivalent in the year	264,580	(122,116)
Cash and cash equivalent	brought forward	375,446	497,562
Cash and cash equivalent	carried forward	f,640,026	f,375,446

				2021	2020
Net movement	in	funds		250,600	(102,297)
Deduct interest				(211)	(698)
Decrease/(increase)		in debtors		(24,892)	453
(Decrease)/increase		in creditors		38,&72	(20,272)
Net cash used	in operating		activities	f264,369	K(122,814)

Grant Aid
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						2021	2020
London Borough ofCamden:
Strategic Partner Funding				85,000		85,000	85,000
Covid 19Discretionary	Grant			50,000		50,000
Covid 19Business Grants				31,143		31,143
Electrical Cost Reimbursement				20,000		20,000
Nursery Grants							53,598
				186,143		186,143	138,598
Centre Activities
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						2021	2020
BBCChildren in Need	(New)				40,051	40,051	35,886
BMEEmployment Project		(LBCamden)			60,567	60,567	34,211
Camden Advice Partnership					20,000	20,000
Camden Giving Covid	19Response			6,000		6,000
Camden Giving (Employment			Fund)		57,993	57,993	49,707
Camden Young Foundation							5,000
Community Infrastructure		Levy-
CIL (Youth Programme)					30,000	30,000
Designated Youth Fund					694	694
Edward Harvist Trust					12,500	12,500
Food Hub (Community	Hub)				9,954	9,954
Francis Crick Institute				14,317	191,197	205,514	250,906
Furlough Grant					76,390	76,390
John Lyons Summer							5,000
LCF Wave 2					23,036	23,036
LCF Wave 3					50,000	50,000
Lendlease Foundation					2,000	2,000
Letting Income				28,605		28,605	54,693
Nursery Fees							5,805
People's Fruit &Veg							700
Residential							885
Sports Activators							2,855
Sundry Income				910		910	308
The Power to Change Covid			19Community
Led Recovery Scheme	(CCLORS)				75,000	75,000
				49,832	649,382	699,214	445,956

FOR	T	HE YEAR END	ED 31STMARCH	2021 Continued
Charitable Activities
RESTRICTED FUNDS				2021	2020
BBCChildren In Need (New)				36,288	41,714
BME Employment Project	(LBCamden)			31,387	42,504
Camden Advice Partnership				24,690
Camden Giving Covid Response
Camden Giving Employinent		Fund		25,542	28,626
Camden Young Foundation					5,200
Community Infrastructure	Levy (CIL)You			4,780
Crick Nursery Community	Chest				62
Designated Youth					7,661
Edward Harvist Trust				12,478
Food Hub				6,586
Francis Crick Institute				143,440	216,392
Furlough Grant				103,211
Impact Fund				19,985	46,505
Interview Lab					780
John Lyons Summer					5,031
Neighbourhood Forum					242
LCF Wave 2				23,036
LCF Wave 3				43,883
Lendlease Foundation				2,000
People's Fruit dr Veg				5,754	14,099
Residential					1,930
Sports Activators					2,540
The Power to Change Covid		19Community-Led	Recovery
(CCLORS)				16,122
Youth Cafd					18,096
				499,182	431,382
Charitable Activities
				Total	Total
				2021	2020
Repairs tk Maintenance				2,013	3,485
Provisions					623
Other				114,303	38,073
Consultancy Costs				150	26,500
Gifts, Donations &Subscriptions				1,482	171
Support Costs (SeeNote 4b)				378,317	358,454
Governance Costs (See Note		4b)		2,917	4,076
				499,182	431,382

remaining support costs are	apportioned as f	ollows;
		General	Governance	Total	Basis of
		Support	Functionf	2021	apportionment
Salaries and related costs		334,725		334,725	Allocated on time
General Office		40,073		40,073	Invoiced events
Audit Fees			2,340	2,340	Governance
Accountancy Fees		2,268		2,268	Governance
AGM Expenses			577	577	Governance
Legal dr other Professional	costs	1,251		1,251	Governance
		378,317	2,917	381,234

					General	Governance	Total	Basis of
					Support	Function	2020	apportionment
	Salaries and	related costs			304,377	2,298	306,675	Allocated on time
	General Office				51,196		51,196	Invoiced events
	Audit Fees					1,605	1,605	Governance
	Accountancy	Fees			900		900	Governance
	AGM Expenses					173	173	Governance
	Legal &other Professional			costs	1,981		1,981	Governance
					358,454	4,076	362,530
v.	~oti	fc
					Centre	Nursery	Total	Total
						*Discontinued
						Operation	2021	2020
	Repairs &Maintenance				7,076		7,076	13,173"
	Provisions							275"
	Other				4,576		4,576	1,230s
	Consultancy	Costs			150		150
	Gills, Donations		dc Subscriptions		6,580		6,580	398
	Support Costs (SeeNote 5a)				114,197		114,197	236,557"
	Governance	Costs (SeeNote 5a)			3,207		3,207	4,534s
					135,786		135,786	256,167

		General	Governance	Total	Basis of
		Support	Function	2021	apportiomnent
Salaries and related costs		71,797		71,797	Allocated on time
General Office		36,319		36,319	Invoiced events
Audit Fees			2,340	2,340	Governance
Accountancy Fees		2,331		2,331	Governance
AGM Expenses			867	867	Governance
Legal &other Professional	costs	3,750		3,750	Governance
		114,197	3,207	117,404

							General	Governance	Total	Basis of
							Support	Function	2020	apportionment
Salaries and	related		costs				162,191	2,298	164,489	Allocated on time
General Office							67,964		67,964	Invoiced events
Audit Fees								1,605	1,605	Governance
Accountancy	Fees						900		900	Governance
AGM Expenses								631	631	Governance
Legal &other Professional					costs		5,502		5,502	Governance
							236,557	4,534	241,091
Su lus/ Deficit		an	Ordina		Activ	ities
									2021	2020
Is stated affer charging				the	following	amounts:-
Auditors' Remuneration									4,680	3,210
Accountancy Staff Costs	fee								1,920 396,406	1,800 471,021
StaffCosts
									2021	2020
Wages and	Salaries								367,073	435,137
Employers'	National		Insurance						22,647	28,129
Pensions									6,686	7,755
									8396,406	f.471,021

Debtor				2021	2020
Accounts	Receivable			31,248	57,256
Accrued	Income			1,638
Prepayments				54,085	4,823
				86,971	62,079
Creditors	(Amounts	falling due within one year)
Trade Creditors				22,900	2,416
Accruals	and other creditors			13,249	39,016
Deferred	Income			73,441	30,668
Taxation	and social	security		7,454	6,072
				117,044	78,172
Unrestricted Funds
				2021	2020
Opening	Balance at	I"April 2020		238,744	239,797
Incoming	Resources:
Centre				236,186	202,493
Nursery					59,403
				236,186	261,896
Outgoing	Resources:
Centre			Note 5	(135,786)	(143,580)
Nursery			Note 5		(112,587)
				(135,786)	(256,167)
Net Movement for the year				100,400	5,729
Transfers	between Funds			37,479	(6,782)
Closing	Balance at31"March 2021			f.376,623	8238,744

						2021		2020
Grant Aid
Programme					186,143		85,000
Nursery Grants (including		NEG income)					53,598
						186,143		138,598
Other Income:
Restricted Funds
BBCChildren in Need (New)					40,051		35,886
BMEEmployment	Project	(LBCamden)			60,567		34,211
Advice					20,000
Camden Giving Employment			Fund		57,993		49,707
Camden Young Foundation							5,000
CIL					30,000
Designated Youth					694
Edward Harvest Trust					12,500
Food Hub					9,954
Crick Institute					191,197		189,112
Furlough Scheme					76,390
LCF Covid					23,036
LCF Wave					50,000
Lendless &Lea Foundation					2,000
iohn Lyons Summer People's Fruit k Veg							5,000 700
Residential							885
Sports Activators							2,855
CCLORS					75,000
						649,382		323,356
Unrestricted Funds
Nursery Fees							5,805
Letting —Centre de	Living	Centre			48,921		116,487
Bank Interest					212		698
Miscellaneous					910		308
						50,043		123,298
TOTAL INCOME						885,568		585,252
CHARITABLE ACTIVITIES:
Restricted Fund				Note 4	499,182		431,382
						499,182		431,382
Operations ofCentre				Note 5
Repairs 8 Maintenance					7,076		13,173
Provisions							275
Other					4,576		1,230
Consultancy Costs					150
Gills, Donations tc Subscriptions					6,580		398
Support Costs (Seenote 5a)					114,197		236,557
Governance Costs	(Seenote		5a)		3,207		4,534
						135,786		256,167
TOTAL EXPENDITURE						634,968		687,549
NET INCOMING/(OUTGOING)				RESOURCES
FORTHE YEAR						250,600		(102,297)