Annual Report 2020121 Communlty Ibeln8 MAIDSTONE COMMUNITY SUPPORT CENTRE ## **Contents** |The Mission and Vision of MCSC|Page 3| |---|---| |Chair’s Report|Page 4| |CEO’s Welcome and Report|Page 6| |Financial Director's Report|Page 8| |Agenda|Page 10| |Staff, Trustee & Contact Information|Page 11| 2 ## **The Mission of MCSC** To support Charitable organisations and Community groups to effectively deliver their services to the community of Maidstone and surrounding areas by providing good quality affordable offices and meeting spaces in our Maidstone based community building. ## **What does this Centre mean to the local community?** MCSC aims to unlock local potential by helping organisations, agencies and groups reach out to the neighbouring population and workforce to promote, to encourage and to educate. ## **The Home of Community and Voluntary work in the heart of Maidstone** MCSC has been providing office space and services for various charitable organisations and affordable meeting space for local community groups and businesses since 1986. ## **Our Vision** Working with our Members, Visitors and the Community in our area, Maidstone Community Support Centre aims to provide: An attractive and affordable office base for charities, voluntary organisations and community groups. A nurturing and encouraging environment for ideas, partnerships and developments. A range of innovative and creative community services in response to local needs. 3 ## **Chair’s report** To say that the year under review has been a difficult one due to the pandemic is an understatement! Caught in the perfect storm of having to close the Centre to those who wished to hire the hall or meeting room facilities, seeing several members working from home and the Café surrendering their licence agreement. All this resulted in a very quiet Centre. On the other side of the equation the Centre remained open to Members who chose to operate at their normal workplace and seeing clients throughout the period. The phrase ‘We never close’ comes to mind for those who have a sense of history, but to achieve that objective required Tad and all members of the staff team to stay at their posts to keep services running and facilities open. To achieve this objective a much-enhanced cleaning regime was introduced, and PPE was purchased. Some staff re-rolled and changed hours of work in order to ensure a regular clean down of all touch points several times during the working day, one-way systems were introduced, and wearing masks and social distancing was enforced. While planned ‘Major Works’ were deferred for a year the opportunity was taken to catch up on routine maintenance, much of it carried out by the staff team. Work progressed on the planning stage of the major IT upgrade and installation work will start shortly. Despite the major impact on MCSC income, resulting from the closure of casual letting and termination of some licences, much of the financial damage has been mitigated though furlough payments, government and local restart grants. However, that trick cannot be done twice, and pressure is now on to recruit new charitable organisations and individuals to fill the current office voids. 4 I take this opportunity to thank my fellow trustees for their support and steady hand during the period and we pay tribute to the whole staff team for their commitment and flexibility throughout. On behalf of the Trustee Board, I wish all members both individuals and organisations best wishes for Christmas and New Year and look forward to working together with you to further the ‘Community’ at Marsham St. Peter Cox Chairman 5 ## **CEO’s report** This reporting year has probably been one of the most challenging periods in the MCSC history, due to Covid -19. March 23rd 2020 saw the first national lockdown which meant that effectively we had to close the MCSC building for all sessional hire activities. MCSC have Member groups who provide essential services from offices based in the building, so were still allowed to use their rooms as they felt appropriate to do so through all lockdown periods. The lock down seriously impacted our income, although we still had some revenue from the rental of office space. With two exceptions, MCSC staff were placed onto the Government Furlough Scheme for the first lockdown period. This allowed us to recoup some of our salary costs as well as being able to maintain and clean the building safely for those groups’ still working, providing services to those that needed them. During this first lockdown we received termination notices on a number of our office spaces, plus the Café which obviously couldn’t open due to Government restrictions. When restrictions started to be lifted during June 2020, we were able to re-open our sessional hire facilities, albeit with restrictions in place to allow social distancing. Some of our staff team were redeployed to cleaning roles which enabled all communal areas and facilities to be regularly sanitized and cleaned throughout the day. All MCSC staff came back to work on a part time basis, which allowed the appropriate amount of cover to be in place for the building to remain functioning and safe as well as still being able to benefit from the Furlough Scheme. MCSC invested heavily in cleaning, PPE and anti-viral fogging equipment. We also ensured the appropriate signage regarding Covid-19 information and safety advice were placed around the building. The December 2020 full lockdown forced us again to close down our sessional hire facilities. All staff continued to work part time hours, which enabled us to support of those groups still working in the 6 building, as well MCSC receiving the continued benefit from the Furlough Scheme. One advantage with the building being partially closed was that we were able to carry out some remedial maintenance, which was done in house by our own team; this enabled us to save some costs on works that needed doing. MCSC was successful in applying for and receiving Government Covid -19 grants, which were awarded by Maidstone Borough Council. These grants were for loss of income for sessional hire. In April 2021 we applied for and received the restart grants to support the re-opening of our sessional spaces. These grants have helped us create a buffer from the loss of income due to Covid -19 restrictions. MCSC were finally allowed to fully re-open on the 19th July 2021, with the lifting of the Government restrictions. Although we still have a number of office vacancies, due to groups moving out over the pandemic, we are gradually receiving enquiries and interest from a variety of organizations regarding renting office space from us. I am optimistic for this forthcoming financial year that we will get back to somewhere near the position the organization was pre-pandemic. I would like to take this opportunity to thank all of the MCSC Staff Team and Board of Trustees for their hard work and support over this very difficult period. I would also like to thank all of the MCSC Member Organisations for their patience and support over the past year. Your support has been and continues to be invaluable to MCSC. Tad Taberer Chief Executive 7 ## **Financial Director’s report** It is my pleasure to present the accounts for MCSC for 31[st] March 2021. Like us, I am sure that you have all continued to be focused on the continuation of your services to your clients and service users. The events that unfolded globally certainly were challenging for us all within the Charitable sector as well as the business world too, but with the determination, teamwork, and determination we are all still here. Yes, it’s been difficult but in difficult times we work together, and we adapt to the new world and whilst we do not know what is to come we plan, and positively prepare for the here and now. We have continued to provide the best possible service within the restrictions we faced and at the same time utilised the time to continue to improve the building for our members and user groups. We continue to invest and upgrade the services we offer so that we can all achieve the best working environment within our wonderful community. We are pleased now that the limitation of services have been removed and we can open the doors once again to wide community that use our facilities. We are committed to ensuring that all our services are back to what they were and to include the Café once again as a hub for the building. We would like to say a big thank you to you all that have continued to support us as members, service users and of course for the support we have had from the local Borough Council. Tad and team have worked tirelessly to ensure that we have made the best of what certainly was an interesting time in our lives. We have though learnt together how to work differently, remote meetings via zoom are now the norm and we can blend the new ways of working with our investment in our interactive camera with the traditional way we still also like to meet face to face too. We will embrace the needs of our users to ensure that we continue to stay safe, strong and ensure that we maintain our services to help and support the Charitable and Not-for-profit sectors in our area. We will achieve this in the same manner we always have, by ensuring that the centre is managed and 8 operated to a high standard, that we carefully, prudently and boldly when required manage the finances to ensure that we achieve our charitable purpose. The finance team at MCSC have again kept a very safe control of the income and expenditure and we have been able to achieve our budgets in these uncertain times and our strong reserves to ensure the future stability. May I wish you all every success with your own organisations for the rest of this financial year and many years to come and together we can build strong and stable charitable sector in Maidstone. Barry Snashall Finance Director A full copy of our accounts will be available on our website 9 # **Maidstone Community Support Centre 34[th] Annual General Meeting** Tuesday 23[rd] November 2021 - 2pm. Halls 1&2 **AGENDA** - Welcome - Apologies - Minutes of the last AGM (24[th] November 2020)  Minutes to be agreed and signed - Hon. Chair’s report - Report and Accounts for year 2020/2021  Accepting the Accounts - Appointment of reporting accountants - Chief Executive’s report - Appointment of Directors - Re-appoint - Sandie Turner, Dorothy Phillips & Barry Snashall - A.O.B 10 ## **Staff and Trustee information** ## **Contact and social media information** **Trustees** ## **Staff** MCSC Peter Cox - Chair Tad Taberer - CEO 39-48 Marsham Street Maidstone Kent ME14 1HH Ray Harris - Vice Chair Jackie Avery - Centre Lettings & Finance Manager Barry Snashall - Finance Director Matt Wright - Senior Centre Support Manager 01622 690369 Tamandra Christmas Fiona Marriner www.mcsc.org.uk admin@mcsc.org.uk Andrew Usher - Site Manager Dorothy Phillips Sandie Turner Sinéad Fitzgerald - Morning Administrator/Reception Twitter @MCSCMaidstone Facebook MCSC Maidstone LinkedIn Maidstone Community Support Centre Gilmara Garcia – Afternoon Administrator/Reception Janet Sands - Evening and Weekend Centre Support Worker Gilmara Garcia – Evening and Weekend Centre Support Worker 11 ## **Affordable Office Space in Maidstone** ## **Sessional Room Hire** ## **from £2000 to £5000 per annum** (Subject to availability) 12 Registered number: 02045986 Charity number: 295143 Maidstone Community Support Centre (A Company Limited by Guarantee) Unaudited Trustees, Report and FinAneial Statements For the Year Ended 31 Mareh 2021 MAidstoNe Community Support Centre (A Company Limited by Guarantet) ConteRt5 Page Refcrcrtce and admini5tTativ¢ d¢thils of the company. its Trustees and adviser5 Triisiees, report Indeptndent exominerfs report Statement of financial acliviiies Balance sheet Nolcs to the financial 51a*m¢nt5 9-19 Maidstone Community Support Cemt (A Company Li￿lted by Guarantee) Reference ond Administrative Detsils of the co￿panY? its Trustees and Advisers For the Year Ended 31 March 2021 Trustees Pei¢r Cox, Chair Rayniond Harris. Vice Chair Tamandra chr1￿m&S Dorothy Phillips Barrv Sndshall. Finance DiTeeioT Sandra Tumer Fiona Ma]riner Company registered numbtr 02045986 Churity registered tlumber 295143 Registered office 39- 48 Marsham Street Maidslone ME14 IHH Company secretary Rowland Taberer Cbief executive officer Rowland Taber UHY Iqack¢r Young Chartered Accountant5 Tham¢s Flouse Rornan 8quar¢ SittingbDurn¢ Kertt ME104BJ Page I Maidstone Cornmun&ty Support Centre (A Company Limited by Guarantee> Trll5tees' Report For the Year Ended 31 March 2021 The t￿sle¢S present their annual report iog¢ih¢r wilh the finL2ntial $iaietn¢nt5 of thc conipany for the vtar l April 2020 lo 31 March 2021. 1'h¢ Annual Report 5¢rv¢s tlie PLirpose5 ofbolh a Irllsltes, repori and a dir¢ctors' report und¢r company law. Th¢ IrL15tees confim) that th¢ Annual Report and financial slatemcnts of IhL chariiable Lotnpanv cotnply with Ilie currciil sialiilory reqiiirenienls, Ilie re4uiretn¢nt5 of th¢ charitabl¢ coiiipany's goveriiing docuintnt the provisiotts o(the Statement of Recoillmcnded Practice (SORPI applicahlt to charities pirparing tlieir occoiillls in accordance with the Findncial Reporting Siaiidard applicable tn ihe UK and Republic of (Teland IFRS1021 leff¢ctiv¢ l January 20191. Since the companv qualifits as sillall under section 382 ofihe Companies Act 2006, th¢ Strategic Report r¢qu&red ofmediurn and large ¢onipani¢5 under the Conipani¢5 Act 2006 (Strategic Rcport and Directors, Reptsrtl Regulations 2013 hos been omiltcd. Objectives and activities Policies and objective5 Maid5tont Community Support Centre wa5 established to promoie any chaTitable PUTpo￿ foT the bcn¢fIt of the comniunity ill Soiilh East England aDd, in pariiciilar, th¢ advancement ol'ediicaliott, IliL proiecliort of health and th¢ ￿ll¢f of poverty, dislrts$ sickness. The principul method of dtliv¢Tr of our charitoble aims has ￿'Ltt Ihrough the provision of aftordable offic¢ and meciing space to charities Qnd like tninded orgdnisalion5. Th¢5¢ facilities and Ilie infrastruciiir¢ supporting them dre provided on 8 rnulually acccpiable bul c05t effeciive bosis. We further PTomot¢ our charitable aims through the provision of a rattge of activities that 5upp(Yi th¢ community who are dis￿dvantaged by so¢iJl of health issu¢5. In Setting objective5 and planning for activities, Ihe Iruslees have given due ionsideration lo general guidanc¢ publi8hed by th¢ Chgrity Commission relating tn public b¢n¢fiL including the guidancc'Piiblic benefjt.. running a charity IP1421'. b. Main Activities undertaken to further the company's purposes for tbt publlt bènÈfit The C¢ntr¢'5 incom¢ is d¢riv¢d ill the muin from license fees from Iht provision olrenled oifice accomn)odation and the se55ional hire of tts meetirtg and Irdining rvom farilit1¢5 to Ihe chariiies and oiher like-minded organiwiions. By providing enhanc¢d facilities to user5 of the Centre. we scek to further support our key $iJk¢hold¢rs during difficult econoiiiir lini¢5. The Board ofthe Maidston¢ Support Centr¢ dio>ught it appropriate io increase all IiLense fees by no tnore than the raie of intlation for the year 2020-21. Thc ccntr¢ ¢UTTently ¢Jnploy5 7 staff at the time of signing this report. Maidslone COMM￿nity Support Centr¢ continu¢5 to Iwk al developing and growing ils role 85 an irnportant asset ro the local comtnunity. Achitvement5 and performance Review of Activities This reporting year has probably been orte olthe most chall¢nging periods in MCSC htsiory due to COVID-19. March 23rd 2020 saw the first national lockdown %￿hleh meant that effertiiely w¢ had to close th¢ MCSC biiilding for all sessional hire artivities. MCSC have Member Broups Ivho provide essential 8erviL*S from offices b35ed in the building ivtre still alloiied io use their rooms as appropriate through all lockdown periods. The lockdown seriously irnpacted oiir income. although we still sotne revenue from the rental of o￿lee space. Wilh two exceptions, MCSC Staff were plar¢d onto the Govemm¢nt Furloiigh Scheme for the first lockdown period. This allo%ved u5 to reLOUP stsme of LTrur costs as well being abl¢ to tnainlain and clean the building safely thos¢ groiip5 Still ivorkinE. During this first lorkdown w¢ rec¢iv¢d t¢￿InatIOn notices on a number of our olfice 5paccs, plus th¢ Caf¢ which obviouslv Couldn't opert. When Tt5trictions 5tart¢d to be lifted during June 2020 i¥e were able to re-open our s¢s5ional hire facilitie5, albeii with restrirtions in place lo allow s(Kial di51ancitLg. Some of our siaff teatn wtre redeploled to eleansng roles which enabled all communal ai¢as and fucili11¢5 to b¢ regularty sanitized and cleaned Ihroughout the day. All MCSC staff i￿¢re brou8ht back on a part iirne bu515. which allowed th¢ appropriate amounl ofcover to be in place for the building to remaTn functioning #nd safe a5 well as still being 2bl¢ to benefit from th¢ Furlough Sch¢me. Pug¢ 2 Mgidstone Community Support Centre (A Company Lifftited by Cuarantee) Trustees, Report (continued) For the Year Ended 31 March 2021 Achievements And performAn¢e (tontinutdl MCSC invesied heavily in cleaning and PPE. We al$t) ensuT¢d lh¢ appropriate sign8ge regarding COVID-19 irtfoTmution and safety advice il'ere placed around the buildin8. Th¢ D¢c¢niber 2020 fiill lockdoivn again forc¢d tis io Cli￿ down our s¢55iOtLal hLIE facilities. All staff continued lo work part tiine hours ii,hich enabled us its supptsrt of th(￿ groups siill working in the buildin& as w¢ll as rcceivirtg the conliniied benefit from the Furloiigh Sch¢me. One b¢nefil ofihe building being partially closed was thai we were able to ¢aTry oul some ￿media[ maintetwjce. This work wa5 carried tsut by our own team, iyhich us saved costs. MCSC was SUcc￿5f111 in applying for and receiving the Goveminent COVID-19 grant5 which w¢r¢ being awarded by Maidstone Boiough Cgun¢il. TheK grants w¢r¢ for loss of incoinc for sessional hire. In Jun¢ 2021 we &pplied for and received the restart gnnls io 5￿PPorl the re-openiiig of our 5e55ional spaces. These granis have helped us creale a buffer froni the loss of income due 10 COVID-19 At the titne of ivriling thi.8 MLSC will bt fully r¢.opening from the 19th Jul). 2021 with the liftin8 of the Governnicni rttsiriclions. Alihough we rtoiv have a number of office vacancie5 due to groiips moving oui over the p¢riod of th¢ pond¢mic we are 8fddually receiving cnquiries and interest frotn a varicty nf organizat10115 regarding renting O￿lle space from us. The irusiees are epiimistic fer thig forthcoming fitwjcial year that we will gei back 10 some¥vhete near the position the orEtrtisaiion WÈS pte-pandemic. Finall),. the IrLlStees ivoiild like to takc this OPPDrtunily to thunk th¢ entire MCSC SlattTedm for their hdid work and support over this very diffjculi period, and to thank all ofthe MCSC MeJnb¢r Org4ni5ations lor their coniirtued support over the p￿t y¢aT. b. Investmertt policy #nd perlormAnte Irt the past most of Ihe Centre'$ funds w¢re r¢quir¢d to be spent in the short tenn and funds were noi available for long terni investment Receni years have seen a sensible ineFease in renidl Lhar8¢s both for office spac¢ and sessional room hiTe. A determination lo keep officcs ai IOODA occupancy and increased marketin8 of dr4rnatically improved laciliiies has seen a surplus year on year in recent time$. The bulk of this surplus is eamiarked for future works under the aforenientiollcd rnainienanLe and improvement plan and is invesitd in Jn inlerLsi bcaring accounl. Given Ihe cutrenl econotnic cliniale, options for secure investment opportunities are limited bui the Board keeps this policy under cDn%tant review. In 2020-21 the bulonce in Kent Saver& the local Credit Union, wa5 £li,270 'fiiis deposii is loaned or reinvesied for ctsmmuniiy benefit. Finxnciil revityi Coing concern After inaking appropriate enquiri¢s, the Irusl¢¢s have a r¢asonable expeLialion Ihal th¢ company has adequate resource$ 10 ¢onlinue in operational existence for the forcse¢able fiiturc. Forihis reason, Ihev rontinu¢ to adopt the going concem basis in preparing th¢ financial 5ta*tnent5. Furthcr details regardillg ihe adoption ofthe gotng con¢em basi5 can be found in the accounting policies. Please 5¢¢ accounting policy 2.3 for further details of why the tru$1¢¢5 hav¢ reached this conclusion. b. Reserves policy The trustees haye review¢d th¢ ¢urr¢nt finanrial p051tion and any changes are detailed below. Additionally th¢y have agreed to mainiain the eutreni reserves policy. The charity ¢i)d¢avour5 to ensure 5U5tainabl¢ r¢5¢rve5 for future yea￿. Ai 31 Mar¢h 2021 the charity held completely free 8eneral reserves oF£353,655 12020.. £224,934). Total unrestricted funds also included designated fund5 r¢l*d to the charity's oreratitsnal fixed sstts. as detailed in note 16. Detailed budgeting and financial r¢views lake place at Kgular intervals during the y¢ar. The organisations Trustees maintain a prudent approach lo th¢ current r¢5erv¢s. Page 3 M*idstone Community Support Centre (A Cornpany Limited by Guarantee) Trustees, Report (continued) For the Year Ended 31 March 2021 Principwl risks unrertainti This yeat'5 financial performanc¢ has cDntiniied in the prewioiisly e￿ablished pattern with the C(>n1￿n￿lng Gov¢rninenl squttze public sector expenditure hal'ing 50m¢ impact oil our users. Againsl Ihis background suifiLieni fiittds hdve been generated to maintsin th¢ building ai the required l¢vel and to add some additional facilities ttccd¢d to keep OLir offering at a comp¢titiv¢ l¢v¢l. Away from bny lingering COVID-19 r¢lot¢d issuc4 the principal risk to the charity is thai of user groups leaving the buildin8 and ihe resulting risk ihaL should it not be p055ibl¢ to r¢plac¢ any l¢aver5 Iti the short ierm, this would result in a declin¢ in incorne. d. Fittancial risk mAn&geJn¢nt objettive5 &nd policie5 The trustees, prin¢ipul financial Tnunag¢m¢nt policie5 are in respect of managing Teserves and managing Tisk. These are described in Ibl and Icl above. ¢. R¢view of r¢5uIt5 for 2￿2￿2] The Over￿[1 financial 1¢5ulI foi 20201215hoivs a net increase in fvnds of £113,766. Whilst the trusiees were pl¢as¢d with Ihc surplus and the incredge in free reserves that folloived. ID spite of the difficiili circumsianctt in the year, they rtoied thal the result was heavily influenced by the COVID-19 bUPPOrt ItL¢ choritabl¢ company has been ablc lo access. Chariiable incorne frotn lic¢nce tees and sessio income Ivas down by £12Q,507, bul was fortunatelv r¢plac¢d by govtrjunent pandemic grdrti as8isltinLt. Irttomin8 resources for Ihe yeJT included £70,965 018uth government gran15. sucli 05 for business ralcs And'resiart, funding, pliis £48,544 tlaimed under th¢ Corvnaviius Job R¢i¢ntiort SLheme IOT employees whv w¢r¢ furloughed during the year. Il should be noied thai the deficit of£262,204 in the coniparative period arose due to an exceptional depreciation rhargt. following revision to deprtcldtion puliLies, dnd that priDr to Ihat charg¢ th¢ prior year The maiD source of income was once agairt licertte feeb. How¢v¢r, additional 5UPPOrt Was soughi during the year su¢h as the COVID-19 job retention schtme and COVID-19 8ranls via the local council. Slaff cO￿s, followcd by premises costs, were once again the gr¢ate51 ¢xp¢ns¢. The result for the year split between funds is shown the fa¢¢ of th¢ Statefflenl ofFinancial Activities, with the Br￿1 majority of all income and expenditure during the year passirtg through g¢n¢Tal unr¢strict¢d funds. Stru￿ure1 governanct milliEem*rtt Cothstitutiort Maidstont Cotntnunity Support Ccntre 15 regi51ered as a charitable Company limited hy guarantee (company Tegi51ration no. 020459861 and ilas set up by a M¢tt)oranduin of Association. It was incorporated on 12 August 1986. The m¢M￿T5 Of th¢ company arL the Licen%¢¢s and such other tKr50ns or bodies corporale as are eligible for mcmbetship. Persons wi5hin8 lo b¢conie iiiembers are re4usred to rnake a lorm&l application lo Iht Council for consideration. Mctnbership is not transferable The cotnp4ny 15 consEltuicd iindtF a MeJnorandutn of A55ocialion and is a register￿ charity, no. 295143. b. Metbods of appointment or election of tru$t¢es Direciors are appointed at ihe company's Anrtual General M¢¢ting. Under the requiremellts of the Mcmorandum and Articles of Association direetors arc clecied tD serve for a peTiod of up to thr¢e vears after ￿'hich they must applv lor re-eleLtion al th¢ Annual General Meeiittg. Risk m#nage]nént The tN5t¢e5 hav¢ e5tabli5hed an annual procedure lo review risks and sei or confirtn 5trntegies and polici¢5. Day to day managemenl of risk polici¢5 and Ih¢ir ¢ffecliveness is carried out bv Iht ChielExecutive. Page 4 Maid5tone Community Support Centre (A Company Llmlted by GuArantte) Tru5t¢es' Report (Continued) For the Year Ended 31 March 2021 Members, liability In the event of the company being wound lip. meinbeTS are each requir¢d io contribute an amouni not eAceedin8 £1. Th¢ Metnbers of the cotllpany guaraniee to coniribute an amoiini noi exceeding £1 te the ossets of the charity in the eveiit of windin8 UP Managemenf The Centre is rnanagtd by a Board of Trustees appointed by M¢rnber5 ILicens¢es of the otficesl al rhe Anniial General Meeting. The C¢nlr¢ employ5 a Chief Execiitive who repons. and is responsible to the Honorary Chair. Statement of trustees, responsibilities Th¢ trustees (who are also the directors ofihe company for the purposes of cotnpany lawl arc rcsponstblc for preparing the Triisiee8' Repon and the liiiancial staienienis in aLLordance wilh applicable laiv and United Kingdoin Accolinling Standards Iunited Kingdom Genernlly Accepted Accounting Prathicel. Compally laiv requirts the Irustees 10 prepare finanLial statements. for ¢ach financial year. Under cornpany laiv. the ¢rusttes musi not approve the financial slalenicnis iinlcss they arc salisfied Ihdl the) give a true and fair vieiv of the siaie ol'alyairs of th¢ cornpany and ol it5 incoming resources and applicaiion of risoUrc￿, includirtg ils incornt und ¢¥p¢nditure. for thai period. In preparing thcst tinancial 5tatern¢nl8 the trustees are required to.. seleci suiiable accouniing policies and then applv them con5I5tently', observt Iht meihods and principles ofihe Charities SORP IFRS 1021: make judgni¢llls and accouniing c￿lmaleS thai are reasortable and prudent,. stht¢ %vhelher applicable UK Accounting Siandards IFRS 1021 have been followed, siibject to any material dep4rtUTe5 disclosed nd explained in th¢ financial stal¢tn¢nts: prepare Ihe financial Stsiements on th¢ going concern basis unless it is inappropriat¢ to PTesume that the company will rontiniie in busirtesg. The Irusiee3 ate responsible for keeping ad¢qiiaie accounting records that are sullicieni 10 show and explain lh¢ company's Irdnsaclion5 and disclose with reasonable a¢ruracy at any tiIn¢ the financial posiiion of ihe eompanj and enable them to ensure thal the financial siaicmcnls cotnply with the Cornpanie5 Act 2006. Th¢y are also respoiisiblt fer safeguarding ihe of the Lompany and hence for taking reason&ble steps for the PTev¢nlion and d¢t¢ction of fraiid and other irregularities. Approv¢d by order of the fft¢tnbers of the board of trustees and signed on theiT behalf by.. Pétér Cox, Honoury Chair Dale.. Iql qli) Page 5 Maid5tone Community Support Centre {A Companv Limited by Guarantee) Independent Exominer's Report For the Year Ended 31 March 2021 Independent Examiner'5 Report to the Trustees of Maidstont Commuthlty Support Centre I'the rompally,) I report to the charity trnslccs on my exarninalion of the accounis olthc compfjDy for th¢ year ¢nd¢d 31 March 2021. Re5poTrsibilities and Basis of Report A5 tlie truste￿ ot'lhe company land ils directors for lh¢ purposes of company lawl you ar¢ r¢5FKln5ibl¢ for th¢ preparaiion of the accounts in accordanc¢ ivith the requiretnents of the Companies Act 20061'the 2Q06 A¢VI. Having saiislied Inysell that ihe accounts ofthe companv are not requiied to be audited uDd¢r Part 16 of th¢ 2006 Aei and ￿ ¢ligible for independent cxaminaiion, I report in respect of mv cxaminaiithn of thc c(>Tnpanv's accounts carried out linder section 145 tsf Ihe Charities Act 2UI I I'th¢ 2011 Acl'l. In carrying out my examinaiiojj I have folloived the Directions given by the Charity CO￿lssIon und¢r section 145{5llbl of the 2011 Act. Independent Examiner's Statement Sinc¢ the company's gross income exceeded 1250.000 your examirter musi be a Inetnb¢r of a bodv li5t¢d in 5¢ction 145 of the 2011 Act. I confjrm that l am qiialified to iindertake tlie examination because l am u mernber of th¢ Institiile of Chartered Accounlants in EngSaDd and WaJ¢s, which is oiie olilie listed bodies. I have conipleled mv exomination. I confLrn) that no matters have come tts my attention in connection with the examinaiion 8IVln8 tn¢ cau5¢ to belitv¢'. accountiiig records were noi kept in respect ot'the company as r4uiTed by geclion 386 of th¢ 2006 Act., or the accoiints do noi accord wilh ihose records,. OT the aceoiTrtis do not tthniply iyith the accounting r¢quiremenls of section 396 of the 2W6 Act other than any rcquir¢ment that the aecounls give a'trne and fairf vielv ivhich is rtol d matter conside￿d a5 pan oran indepen(knt examination., i)T the accounts have not be¢n prepared in a¢¢ordanc¢ witli the methods and principles of tht StatLment af R¢commended Practice for accounting and Teporting bv charit1¢5 lapplicoble lo charities preparing Ihcir aecounis in accordanLe Wlth the financial Reptsrting Siandard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other mallers in tDJtheciiort with ihe examinalion to ivhich attention should be drawn in this report in order to enable a prO￿r understanding of the accourtls to b¢ r¢ach¢d. This report is made solelv io Ihe company's trusiees, as a body, in a¢cordanc¢ with Pan 4 of the Charitie5 (Accounts and R¢port51 Regulaiions 2008. My ¥vork has been undertaktrt so that I tnighi slate to th¢ conipanv'5 trusl¢e5 tliose niatters l am required tg 5tal¢ to them in an Independent Ex2mine¢s Report and for no other putP05t. To the fullest ¢xtent permirted by law. I do not acrcpl or a5sum¢ responsibilily lo artyonc other Ihart th¢ company and the rotnpjny's trusle¢5 ￿ a body. for my work or for this report. Signed.. Dated.. 29 Septeniber 2Q21 Allan R. Hickie Bsc FCA UHY Hacker Young hartered A¢¢ouotants Thames House Rotnan Square Sittingbourn¢ Kenl. MEIO 4BJ Page 6 Maidstone Community Support Centre (A Cornpany Limited by Guarantee) Statement of financial activities (in¢orporating inc0￿e and expenditure account) For the Ye9r Ended JI March 2021 Unre5trieted funds Restricted funds 2021 2021 Totxl funds TL71t71 2021 202() Note Intome from.. Donations and le8aci¢s 119.5t19 235. Illy 77 119.509 235.109 77 12.612 355.6J6 206 Ittvestmenls Total income 354,695 354,695 368.434 Expenditure on: Charitable aciivities 238,711 2,218 240,929 300.381 Total expenditure 238,711 2,218 240,929 300.381 Ntt moveDJent furtds beforè othér reeogrttsed gainslllos5esl 115.984 12.2181 113.766 68,053 Exctptional it¢tn- depreCi￿tiOn (33n.257) 115,984 12,2181 113,766 (262.204) Net movement in funds R¢conrili&tion of funds: Total fund$ broughi forward Net moveinent in funds 293,905 115,984 178,103 {2,2181 472,008 113,766 734,212 (262.204) 409,889 175.885 585,774 472.008 Total funds corried forwRrd The Stslemeni of Financial Aclivitics includes a118Jins and Ios5e5 r¢cogni5¢d in the year. The notes on pages 9 to 19 forni pan of these fJrtan¢ial staterncnts. Pa8e 7 Maidstone Community Support Centre (A Company Limtted by Guarantee) Registered number: 02045986 Bal3n¢e Sheet As at 31 March 2021 2021 2020 Not¢ Fixed asstt8 Tangibl¢ a55¢t5 Current assets 12 231,945 245.272 Debiors Cash ai bank and in hand 3.614 403,559 8.863 260,847 407,173 269, 710 Creditors.. aniounts falling diie ii'iihin one year 14 133,796) 120.200) Ntt turrent assets 373,377 249.SlU Total a55tts less current liabilities 605.322 494. 782 Creditors.. amounts lallin8 due after MOTC than one {19.5481 (22. 774) Tot*1 thet assets 585,774 Chffjrity funds Re¥lricted furds Unrestrlc￿d funds 16 175,885 409,889 178, J03 293. 905 16 Total funds 585,774 472.008 Th¢ company was entitled lo ¢xemplion from audit under seciion 477 of the Companies Act 2006. The m¢mb¢r5 have not required (he company to obtain an audit for the year in qu¢slion in accordatLC¢ with seclion 476 of Coinpanie5 Act 2006. The trusitts acknowledg¢ their responsibilities for complying ivith th¢ r¢quir¢tnent5 of the A￿ iviih respect lo aceoDnting records and preparation of financial siaicments. The fjnancial staiemenis have been prepared in accordan¢¢ with Itle provisions applicable to eniities subject to the small companies regime. Th¢ finanrial $tat¢m¢nts w'er¢ appr(>v¢d and authori5¢d for issu¢ by rhe tnjsiees and signed Ort their behalf by.. Ptttr Cox, Honorary Chsir Borry Snashall, Finance Direttor Dao.. 2qlq The notes on pages 9 to 19 fortn part of these financial statements. Page 8 M&id5tone C0￿MUnitY Support Centre (A Company Limited by Guarantee) Notes to the Fillancial Statements For the Year Ended 31 March 2021 Ceneral informatiOEh Th¢ charitable Coinp￿Y is a company limiied by giiarant¢¢, ￿gIStered in Cngland and Wales. The regi5ter¢d olyice is 39 - 48 Marsharn Str%1, Maidstone. ME14 IHH. Afcounting policies 2.1 Ba515 of preparation of financial statements The financial 5tai¢nitn15 have been prepared in accordan¢e I￿1th th¢ Charities SORP IFRS 1021- Accounting artd Repi)rting hy Cliarit1¢5'. Siclt¢nienl of Rectsmmellded PracliLe applicable to charitie5 preparing their aeeount5 in accordance with th¢ Trinjncial Rcporting Standard applicablt in ihc UK and Republic of Ireland11.-RS 1021 lelfective March 20181, Ihc Financidl Reporting Siat)dard applicablc in ihe UK and Republir of Ir¢l4nd IFRS 1021 and ihe Companies Act 2006. Maid51on¢ Community Support Centre meeis Ihe dcfjnilion of a public benefit entity linder FRS ID2. Assels and liabiliiits are initiallv reLogni5ed ot h￿slOr]raI cosi or tra￿￿ello￿ valiie unless Other%￿lS¢ stattd in the r¢l¢vanl ac¢ounting policy. 2.2 CotnpHny statu5 and group accounts The tompaDV 1$ 8 company limitcd by guaraniee. The membeTs of th¢ componv ar¢ th¢ Inistecs named on page l. In the evenl of the conipanj b¢ing woiiud up. the liabiliiv in rt￿￿¢1 ofihe ¥uaranl¢¢ is limit¢J to £1 ptr member of th¢ coinpany. 2.3 Going conrern The ITusiees have c()ll5ideTed ￿'hether they believe the charitable ¢tsrnpony ￿1[1 have adequ8tc resource3 to continuc in operational existenc¢ for th¢ foreseeable I'ulure. whcthei there are any material unc¢ndinties dbout the charity compdnv's ability to continue a5 a going concern for a period of at lebst on¢ year from the date of authori5alion of the firtanLidl Slaletnents. In undettsking Iheir assesgment the Iruslees have taken into account the Current situation with thc COVID-19 pandemic. and hoii. they believc the charitabl¢ coinpanv may be aflecieil as the cuunlry enierg¢s from th¢ laiest period uf lockdoivn and the full ￿Ing of bocid disluncing requirenicnls from 19 July 2021. As nr>ted in the ttus1¢¢5' r¢port, under the review ol aetiVilit8 seetion, th¢ ¢haritahl¢ coinponv has been adYet5ely affected by Ihe pdndemiL and session hire has ceased at times duriJ]g the year. during th¢ variou5 lockdowns. Use has b¢¢n tnade of available govemtn¢nl fi]nding. including the Coronavirus Jeb R¢tention Schetne, ITr combat the loss of core income. Whilsi they retnain conscious of the continued threat posed by the wJnd¢mic. following the lifting of reblrictions the trustees are now niore optitn15tic for thc Iiiture. Al the time of appmval of the5¢ financial slalemenls thc Charitable company has he￿￿th} c￿h at bank and fr#e r¢servt balances. and wilh year 10 date manugtrnent accounting infomiatit>n and forecasts for lh¢ roniing twelve months indicating that Ihere art no material uDc¢rtainti¢s ov¢r going cottcem, the trus¢¢es tLav¢ tortcluded that it r¢tnains appropriate lo prepare ihe firtaneial siateTnen15 on th¢ going concern basjs. 2.4 Incom¢ All income is recognised once the compani. has ¢nlitletnent to the income, it is probable thai the income will b¢ received and the amoulll of in¢omt receivable can be meiisur¢d reliubly. Grants are includcd in Ihe Staiement of Financial ActlVLties on a receivable basts. The balartce of income received for specific purposes bui noi expended during the period is shown in thc relevant furtd% on th¢ Balance Sheet. Ilhere incorne 15 receiled in advdnce (if tntiiletnent of rec¢ipl, ils recognition is defetred and includ¢J in cr¢ditor5 as deferr&l income. Where entitlement OCCUTS before incotne is received, the income is accnied. Irteome ￿ recoverable in relation to investment income is recognised at th¢ tim¢ the inveslmeni inctsme is re¢¢ivubl¢. Pag¢ 9 Maid5tone Cornmunity Support Centre (A Cofflp3ny Limited by Guarantee) Notes lo the Financial Statements For the Year Ended 31 March 2021 Accounting polities (eontinutdl 2.5 Expenditure F.xpenditure is recognised oncL there is a legal or ronslructti'c obligation to Irartsfer ¢conoffiic btneftt to a third party. il is probable that a transfer of cconomic kncfit5 will b¢ rcqiiircd in stiilLtncnt and the oinoiint ol. the obligalioll can be tneasLired reliably. The cosls of Ihe one tCLivily for the enlity is made up of direLI COSIS as well &s support costs involY¢d in und¢rtoking said acrivity. Expenditure on charitable acljvjiies is incurr¢d on d1￿ctlY undertaking the a¢tiviti¢s w'hich fijnher the companYs obj¢clives. as well as anv associaied siipport costs. AII ¢Kp¢nd&ture is inclusive of irrecoverabl¢ VAT. 2.6 Government grants COVID-19 job relcntion scheme grani income is CTtdited to the Statement of financial Activities as the related ¢¥peiidiliire 15 incurred. Addiiioiial COVID-19 gowerntn¢nl grants are credited 10 Ihe Stdiement of Financial Acriviiies iipon reccipi of monies. 2.7 T4ngÉble fixed a55ets and depre¢l#tlon '1 angible fixed as5¢1s are iniiially recognised al ¢o5t. After recogniiion. linder the cost model, tangible fixed Hsseis are tnea511Ted al c051 1¢55 accumulated depreciati()n and any acciimulaled impairnicni 1055es. All cosls irtcutrtd to bring a langibl¢ fixed a55el into 115 illiellded working tvndilion Should be included in Ihe me￿Su[eMent of cost. Depreciation is charged so as lo allDcate the c05t of tangible fixed asseis less iheii residual valu¢ over their e$iimat¢d useful liv¢5. Freehold property Freehold property improvtniertls Fixttirts Fittings and eqiiipment 2% per annum strdighi linc on c05t 10/0 Per ar￿uM straight line on ¢ost 2￿/0 per annum siraight line on r05t 2A Finan¢ial instrumetLtS The companv only has tinancial a55els and fiiiancial liabilities of a kind thal qualifv a5 basic fIj￿Ie￿al instruments. Basic finallcial inslruments are initially r¢cognised ￿t transaction valuc and subs¢qiicntlJ measured al their settl¢menl value with the exception of bank loans which ar¢ sub5tquently Me￿￿red ai 2mortis¢d c05t using the elf¢ctive inieresi mcthod. 2.9 Pensions The ¢i)mpany OF¢rates a d¢fJned contribution pension $¢h¢rn¢ and the pension cha￿e represenL% the amoiints payable by the cotnpanv to the fund in respect of the vear. P&g¢ 10 M#idstone CorntThllllity Support C¢otre (A Company LI￿￿ted by Guarantee) Note5 to the Financial Statements For the Year Ended 31 March 2021 Accounting policies l¢ontinutdl 2.10 Fund a¢¢ounting General fiinds are unrestricted funds %%'hich ar¢ available for use ai the discreiion ol the trust¢es in furth¢rdnce of the g¢n¢rul objectives of the company and whith hove not been designaicd lor otheT purpo%es. De5ignat¢d funds coinprise unreslricted funds that have b¢eii set aside by the trustees for particular purposes. Ttle aim and ust of eoch desIg￿ated fund is riut in the no1¢5 to the financial statements. Re51ricled funds are funds which are to be Ub¢d in accordance iviih specifjc restTiCtions imposed by donors OF which havc been rais¢d bv the company for particular Purpo￿e￿. 'I'h¢ costs of raising and adminisieiin8 siich fund& are chdrg¢d against the specific fiind. The aim and use oleach resirict¢d fund is 5¢t out in thc notes ID the financial stalemenls. luve5tm¢lll income, gains and losses are allocated to the appropriat¢ fund. IDcotn¢ froTn donltions And legaeies Unrestricted funds Z021 Restri¢led lunds 2021 Total fund5 2021 Toial (linds 2020 Goverllment grirtts COVID-19 Job r¢t¢lltion scheme COVID-19 Maidsione Borough Counril 48,544 70,965 48.544 70,965 Subtotal detaiEed disclosure 19,509 19,509 Donation5 200 Grants 12,412 119,509 119,509 12.612 AK(Ilysis of2020 itriul bvfund 300 12,4t12 12.012 Income from rharitable activities Unrestricted fujjds Total funds 2021 Toiiil 2021 2020 Licertce Fees and s¢ssitsn inrotne 235,109 235,109 355.616 Analysis of2020 tyfiind 355.616 35i,616 M9id$tone Community Support Centre (A Company Limited by Guaranl¢e) Notes to the Financial Statements For the Year Ended 31 March 2021 Invt8tment ithtom¢ Unrestricted fullds 2021 Total funds 2021 Tofnl fii4d¥ 2U20 Investment intonie 77 77 206 AF]filysu of2020 ioial byfiind 206 206 Analysi5 of expenditure on chArltllbl¢ *ctiYities Summary by fund type Unrestritted funds Re5tricled funds 2021 Total funds 2021 fund.1 2020 2021 Direct charitable purposes 238,711 2,218 240,929 300.381 Analysis of2020 10lÉil &yfiind 289.499 10,882 3f)n.381 Analysis of expenrtiture by Activities Attivitits uthdertakeD direftly Support ¢05t$ 2021 2021 Total funds 2021 fiinds 202t) Direct chariiablc purposes 191,451 49.478 240.929 300.381 Analysis of2020 iorttl 237.456 02.925 300,381 Page 12 Maldstorte Community Support Centre (A Cornpany Limited by Guarantee) Notes lo the Financial Statements For the Year Ended 31 March 2021 Analysi$ of expenditure by Attivities {corJtinued) Analysi5 of direct tosts Total funds 2021 Tg1(71 fiinds 2n2 Siaff costs 150,909 3.371 15,742 J55.4117 W&ler. sewerag¢ gud wa5t¢ Light and heat Repair5 8nd maintenance Propertv maijagcmeni and cleaning Coffee shop Room hir¢ 6.274 23.665 32,t151 22.323 743 7,999 277 0.983 191,4SI 237.4156 An#lysÉ5 Qf support costs Tot#1 rund$ 2021 Toicil [Ifnds 2020 Depreciation lllsurancc 14,9S5 5.666 4.754 7.764 10.588 5,471 4.270 Accotsnthncy aDd payroll churgts Telephone OtTice expenses and Iraining Photuiopicr cos15 Bank £horg¢5 and inttrtst General expcnses Loss on disposal Bad d¢bts 3,902 1.184 1.589 23,573 589 8,979 4,402 604 49,478 62.925 Page 13 Maidstone Community Support Centre (A Company Limited by Guarantee) Note5 to the Financial Statements For the Year Ended 31 March 2021 Independent examiner's reM￿nerAtiO The independ¥ni examiner's remiineration amounts to an independent examiner fee of £3.40012020.. £3.2881. and oih¢r services of £1.35412020.. £9821. Staff costs 2021 2020 Wag¢5 and salaries Social 5¢curity COStS Contribution to defitted coniribuiion pension 5chem¢s 137.928 7.089 5.892 120.187 30,032 5, 198 150,909 155.417 The average number of ￿rSOnS employed by the company during the year was as ft>lloiv5'. 2021 No. 2020 Employee5 No employee receiv¢d r¢tnuneration atnounting (O Liiore than £60.OOD in either year. Key management peTsonn¢l r¢c¢iv¢d r¢tnun¢ration (irtcluding etnploy¢r natiotlal insurance and pension conlribulionsl of £5Q,89312020.. £50,915) io. Trustee5 remuneration and expettses During the ycar. no irustLes received any r¢tnun¢rution OT Other benefits 12020- £NILI. During Ihe year ended 31 March 2021, no trustee expenses have been incurred (2020- £h'lL). Exteption#l it¢￿5 2021 2020 Depreciaiion rhargt Ist¢ b¢lowl 330,257 The exccplional item of £330,257 r¢lat¢s to an addilional depteciaiion rhdrge. The trustees rtviewed the depreciation policy during 19120 and determined that the prevjous policies f(>r fr¢¢hold property impro¥emenls and fixture & fillings both wa]nnted a revision in ord¢T to avoid oversiaiing the carrying valu¢ of th¢s¢ assets. An addilivnal d¢prtciation charge Ivas included to Teduc¢ th¢ carry voliie of freehold property improv¢tntnl alld fixtures & fittings to the valiies th¢ assets would now have ifihe new policy had always been in lorce. Thi5 ¢Xf¢Ptional eltineni lias been shown separdiely on th¢ fac¢ of the Stattment of Financial AciiYiti¢s in order lo present the r¢5uIt prior to this charge and then rhe ovcrall result including it. Page 14 Maidstone Community Support Centr¢ (A Company Limited by Guarantee) Notes to the Finan£i21 Slgtements For the Year Ended 31 March 2021 12. Tangible fixed a55et5 Freeh￿1￿ property improvetllents Freehold property Fixtures and rjttings Total Cost At l April 2020 Additions 221,765 127.144 1.628 526,794 875,703 1,628 At 31 MaTch 2021 221.765 128,772 526,794 877,331 Dtprcii#tiD At l April 2020 Charge for the year 45,463 2,218 126,463 529 458,505 12.208 630,431 14,9i5 Al 31 March 2021 47,681 126.992 470,713 645.386 Net book vilue At 31 March 2021 174,084 1,780 56,081 231,945 AI 31 ￿l￿r(h 2020 176.302 681 68.289 245.272 13. Debtors 202] 2020 Tradt debiots Prepayments and accrued income 3.402 212 8.464 599 3.614 8,863 Pag¢ 15 Maid5tone Cornmunity Support Centre (A Company Llmlted by Gll2rantee) Notes to the Financial Statements For the Year Ended 31 March 2021 14. Creditors: Amounts f#lling due within one yeAr 2021 2020 Other loans 3,226 973 3,226 670 Trad¢ creditDrs Oiher taxation attd social Security Oiher cr¢dilor5 2,699 4,041 22,857 2.842 3,217 Accruals and deferred ijjcome 33,796 20.200 15. Creditor5: Atnount5 fAlling due after more than one yeir 2021 2020 Oihei loatts 19,548 22.774 Page 16 Mgidstone Community Support Centre (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 Mareh 2021 16. Statemellt of funds Statement of funds- turrertt yt#r Balance at I April 2020 Bttlxnce at 31 Mar¢h 2021 Expenditure Unrestricted futtds De5ign¥t¢d funds Fixed ass¢1 fiind 68,971 112.737} 56,234 General fund5 General funds 224,934 354,695 1225.9741 353,655 Total Unrt5tritted fuTrds 293,905 354.695 1238,7111 409,889 Restricted funds Capiial fund Big lott¢ri' grant 176.302 1,801 12,2181 174,084 1,801 178.IU3 {2,2181 175,885 Total of funds 472.008 354,695 (240,9291 585,774 Sllmmiry of fvnds Unrestricied fun The designated fixed a55et fund represents the net book value Df tangible fixed assets fU￿ded from unresirict¢d general furtd& The differenr¢ IKt%v¢en the carried lonvard balance on this fund dnd the value of iartgible fixed assets in nott 52 rclales 10 the balanee on th¢ re5trict¢d copiial Iiind for fIx¢d a55etS 8cquired out of rcstricled fundin8. Gener21 furLd5 represent the'free, ￿SerVeS readily available to trustee5 to spend kn the) 5¢e fit in accordanc¢ with the charity's objeclives. The capital fund 15 in respect of ¢apital grants received for th¢ purchase alld improven)¢nt of freehold buildings and pUrch￿t of iletns and ¢quipiiitiii. In ac¢ordan¢e with the accoLinting policy, depreciatiort on th¢ a55ets concerned is rharged as >Jn exp¢n5e of the restricted fiind. Th¢ Big Loriery 8rant wos r¢r¢iv¢d for the provisiott of 5¢rvices relatinE to mental health and a proptsrtion remained unspent at the year end. Page 17 MAidstone Comrnunity Support Centre (A Company Limited by Gu#ralltee} Notes to the Financial Staternent5 For the Year Ended 31 Mareh 2021 16. Stite]nent of funds leotttirtuÈdl Ststement ol lunds- prior ye4r BaliTKce oi l Apyil 2019 GuiKs/ (LosseJ) JI MGrch 2020 Incowe E¥penditpre TrÉYn$fers in.'DUt Unrtstricted funds Designated funds rixed &ssel lund 355,512 (12.688) 31.029 (304.882) 68,971 General funds General funds 164.340 356,022 (276.8Jl) (18,617) 224.934 TotAI UnrÈ$tricted fwnds 519.852 (2¥Q,499) 12.412 (304,882) 293,905 Restrirted fuDd5 C Trll5tees' Report For the Year Ended 31 March 2021 The t￿sle¢S present their annual report iog¢ih¢r wilh the finL2ntial $iaietn¢nt5 of thc conipany for the vtar l April 2020 lo 31 March 2021. 1'h¢ Annual Report 5¢rv¢s tlie PLirpose5 ofbolh a Irllsltes, repori and a dir¢ctors' report und¢r company law. Th¢ IrL15tees confim) that th¢ Annual Report and financial slatemcnts of IhL chariiable Lotnpanv cotnply with Ilie currciil sialiilory reqiiirenienls, Ilie re4uiretn¢nt5 of th¢ charitabl¢ coiiipany's goveriiing docuintnt the provisiotts o(the Statement of Recoillmcnded Practice (SORPI applicahlt to charities pirparing tlieir occoiillls in accordance with the Findncial Reporting Siaiidard applicable tn ihe UK and Republic of (Teland IFRS1021 leff¢ctiv¢ l January 20191. Since the companv qualifits as sillall under section 382 ofihe Companies Act 2006, th¢ Strategic Report r¢qu&red ofmediurn and large ¢onipani¢5 under the Conipani¢5 Act 2006 (Strategic Rcport and Directors, Reptsrtl Regulations 2013 hos been omiltcd. Objectives and activities Policies and objective5 Maid5tont Community Support Centre wa5 established to promoie any chaTitable PUTpo￿ foT the bcn¢fIt of the comniunity ill Soiilh East England aDd, in pariiciilar, th¢ advancement ol'ediicaliott, IliL proiecliort of health and th¢ ￿ll¢f of poverty, dislrts$ sickness. The principul method of dtliv¢Tr of our charitoble aims has ￿'Ltt Ihrough the provision of aftordable offic¢ and meciing space to charities Qnd like tninded orgdnisalion5. Th¢5¢ facilities and Ilie infrastruciiir¢ supporting them dre provided on 8 rnulually acccpiable bul c05t effeciive bosis. We further PTomot¢ our charitable aims through the provision of a rattge of activities that 5upp(Yi th¢ community who are dis￿dvantaged by so¢iJl of health issu¢5. In Setting objective5 and planning for activities, Ihe Iruslees have given due ionsideration lo general guidanc¢ publi8hed by th¢ Chgrity Commission relating tn public b¢n¢fiL including the guidancc'Piiblic benefjt.. running a charity IP1421'. b. Main Activities undertaken to further the company's purposes for tbt publlt bènÈfit The C¢ntr¢'5 incom¢ is d¢riv¢d ill the muin from license fees from Iht provision olrenled oifice accomn)odation and the se55ional hire of tts meetirtg and Irdining rvom farilit1¢5 to Ihe chariiies and oiher like-minded organiwiions. By providing enhanc¢d facilities to user5 of the Centre. we scek to further support our key $iJk¢hold¢rs during difficult econoiiiir lini¢5. The Board ofthe Maidston¢ Support Centr¢ dio>ught it appropriate io increase all IiLense fees by no tnore than the raie of intlation for the year 2020-21. Thc ccntr¢ ¢UTTently ¢Jnploy5 7 staff at the time of signing this report. Maidslone COMM￿nity Support Centr¢ continu¢5 to Iwk al developing and growing ils role 85 an irnportant asset ro the local comtnunity. Achitvement5 and performance Review of Activities This reporting year has probably been orte olthe most chall¢nging periods in MCSC htsiory due to COVID-19. March 23rd 2020 saw the first national lockdown %￿hleh meant that effertiiely w¢ had to close th¢ MCSC biiilding for all sessional hire artivities. MCSC have Member Broups Ivho provide essential 8erviL*S from offices b35ed in the building ivtre still alloiied io use their rooms as appropriate through all lockdown periods. The lockdown seriously irnpacted oiir income. although we still sotne revenue from the rental of o￿lee space. Wilh two exceptions, MCSC Staff were plar¢d onto the Govemm¢nt Furloiigh Scheme for the first lockdown period. This allo%ved u5 to reLOUP stsme of LTrur costs as well being abl¢ to tnainlain and clean the building safely thos¢ groiip5 Still ivorkinE. During this first lorkdown w¢ rec¢iv¢d t¢￿InatIOn notices on a number of our olfice 5paccs, plus th¢ Caf¢ which obviouslv Couldn't opert. When Tt5trictions 5tart¢d to be lifted during June 2020 i¥e were able to re-open our s¢s5ional hire facilitie5, albeii with restrirtions in place lo allow s(Kial di51ancitLg. Some of our siaff teatn wtre redeploled to eleansng roles which enabled all communal ai¢as and fucili11¢5 to b¢ regularty sanitized and cleaned Ihroughout the day. All MCSC staff i￿¢re brou8ht back on a part iirne bu515. which allowed th¢ appropriate amounl ofcover to be in place for the building to remaTn functioning #nd safe a5 well as still being 2bl¢ to benefit from th¢ Furlough Sch¢me. Pug¢ 2 Mgidstone Community Support Centre (A Company Lifftited by Cuarantee) Trustees, Report (continued) For the Year Ended 31 March 2021 Achievements And performAn¢e (tontinutdl MCSC invesied heavily in cleaning and PPE. We al$t) ensuT¢d lh¢ appropriate sign8ge regarding COVID-19 irtfoTmution and safety advice il'ere placed around the buildin8. Th¢ D¢c¢niber 2020 fiill lockdoivn again forc¢d tis io Cli￿ down our s¢55iOtLal hLIE facilities. All staff continued lo work part tiine hours ii,hich enabled us its supptsrt of th(￿ groups siill working in the buildin& as w¢ll as rcceivirtg the conliniied benefit from the Furloiigh Sch¢me. One b¢nefil ofihe building being partially closed was thai we were able to ¢aTry oul some ￿media[ maintetwjce. This work wa5 carried tsut by our own team, iyhich us saved costs. MCSC was SUcc￿5f111 in applying for and receiving the Goveminent COVID-19 grant5 which w¢r¢ being awarded by Maidstone Boiough Cgun¢il. TheK grants w¢r¢ for loss of incoinc for sessional hire. In Jun¢ 2021 we &pplied for and received the restart gnnls io 5￿PPorl the re-openiiig of our 5e55ional spaces. These granis have helped us creale a buffer froni the loss of income due 10 COVID-19 At the titne of ivriling thi.8 MLSC will bt fully r¢.opening from the 19th Jul). 2021 with the liftin8 of the Governnicni rttsiriclions. Alihough we rtoiv have a number of office vacancie5 due to groiips moving oui over the p¢riod of th¢ pond¢mic we are 8fddually receiving cnquiries and interest frotn a varicty nf organizat10115 regarding renting O￿lle space from us. The irusiees are epiimistic fer thig forthcoming fitwjcial year that we will gei back 10 some¥vhete near the position the orEtrtisaiion WÈS pte-pandemic. Finall),. the IrLlStees ivoiild like to takc this OPPDrtunily to thunk th¢ entire MCSC SlattTedm for their hdid work and support over this very diffjculi period, and to thank all ofthe MCSC MeJnb¢r Org4ni5ations lor their coniirtued support over the p￿t y¢aT. b. Investmertt policy #nd perlormAnte Irt the past most of Ihe Centre'$ funds w¢re r¢quir¢d to be spent in the short tenn and funds were noi available for long terni investment Receni years have seen a sensible ineFease in renidl Lhar8¢s both for office spac¢ and sessional room hiTe. A determination lo keep officcs ai IOODA occupancy and increased marketin8 of dr4rnatically improved laciliiies has seen a surplus year on year in recent time$. The bulk of this surplus is eamiarked for future works under the aforenientiollcd rnainienanLe and improvement plan and is invesitd in Jn inlerLsi bcaring accounl. Given Ihe cutrenl econotnic cliniale, options for secure investment opportunities are limited bui the Board keeps this policy under cDn%tant review. In 2020-21 the bulonce in Kent Saver& the local Credit Union, wa5 £li,270 'fiiis deposii is loaned or reinvesied for ctsmmuniiy benefit. Finxnciil revityi Coing concern After inaking appropriate enquiri¢s, the Irusl¢¢s have a r¢asonable expeLialion Ihal th¢ company has adequate resource$ 10 ¢onlinue in operational existence for the forcse¢able fiiturc. Forihis reason, Ihev rontinu¢ to adopt the going concem basis in preparing th¢ financial 5ta*tnent5. Furthcr details regardillg ihe adoption ofthe gotng con¢em basi5 can be found in the accounting policies. Please 5¢¢ accounting policy 2.3 for further details of why the tru$1¢¢5 hav¢ reached this conclusion. b. Reserves policy The trustees haye review¢d th¢ ¢urr¢nt finanrial p051tion and any changes are detailed below. Additionally th¢y have agreed to mainiain the eutreni reserves policy. The charity ¢i)d¢avour5 to ensure 5U5tainabl¢ r¢5¢rve5 for future yea￿. Ai 31 Mar¢h 2021 the charity held completely free 8eneral reserves oF£353,655 12020.. £224,934). Total unrestricted funds also included designated fund5 r¢l*d to the charity's oreratitsnal fixed sstts. as detailed in note 16. Detailed budgeting and financial r¢views lake place at Kgular intervals during the y¢ar. The organisations Trustees maintain a prudent approach lo th¢ current r¢5erv¢s. Page 3 M*idstone Community Support Centre (A Cornpany Limited by Guarantee) Trustees, Report (continued) For the Year Ended 31 March 2021 Principwl risks unrertainti This yeat'5 financial performanc¢ has cDntiniied in the prewioiisly e￿ablished pattern with the C(>n1￿n￿lng Gov¢rninenl squttze public sector expenditure hal'ing 50m¢ impact oil our users. Againsl Ihis background suifiLieni fiittds hdve been generated to maintsin th¢ building ai the required l¢vel and to add some additional facilities ttccd¢d to keep OLir offering at a comp¢titiv¢ l¢v¢l. Away from bny lingering COVID-19 r¢lot¢d issuc4 the principal risk to the charity is thai of user groups leaving the buildin8 and ihe resulting risk ihaL should it not be p055ibl¢ to r¢plac¢ any l¢aver5 Iti the short ierm, this would result in a declin¢ in incorne. d. Fittancial risk mAn&geJn¢nt objettive5 &nd policie5 The trustees, prin¢ipul financial Tnunag¢m¢nt policie5 are in respect of managing Teserves and managing Tisk. These are described in Ibl and Icl above. ¢. R¢view of r¢5uIt5 for 2￿2￿2] The Over￿[1 financial 1¢5ulI foi 20201215hoivs a net increase in fvnds of £113,766. Whilst the trusiees were pl¢as¢d with Ihc surplus and the incredge in free reserves that folloived. ID spite of the difficiili circumsianctt in the year, they rtoied thal the result was heavily influenced by the COVID-19 bUPPOrt ItL¢ choritabl¢ company has been ablc lo access. Chariiable incorne frotn lic¢nce tees and sessio income Ivas down by £12Q,507, bul was fortunatelv r¢plac¢d by govtrjunent pandemic grdrti as8isltinLt. Irttomin8 resources for Ihe yeJT included £70,965 018uth government gran15. sucli 05 for business ralcs And'resiart, funding, pliis £48,544 tlaimed under th¢ Corvnaviius Job R¢i¢ntiort SLheme IOT employees whv w¢r¢ furloughed during the year. Il should be noied thai the deficit of£262,204 in the coniparative period arose due to an exceptional depreciation rhargt. following revision to deprtcldtion puliLies, dnd that priDr to Ihat charg¢ th¢ prior year The maiD source of income was once agairt licertte feeb. How¢v¢r, additional 5UPPOrt Was soughi during the year su¢h as the COVID-19 job retention schtme and COVID-19 8ranls via the local council. Slaff cO￿s, followcd by premises costs, were once again the gr¢ate51 ¢xp¢ns¢. The result for the year split between funds is shown the fa¢¢ of th¢ Statefflenl ofFinancial Activities, with the Br￿1 majority of all income and expenditure during the year passirtg through g¢n¢Tal unr¢strict¢d funds. Stru￿ure1 governanct milliEem*rtt Cothstitutiort Maidstont Cotntnunity Support Ccntre 15 regi51ered as a charitable Company limited hy guarantee (company Tegi51ration no. 020459861 and ilas set up by a M¢tt)oranduin of Association. It was incorporated on 12 August 1986. The m¢M￿T5 Of th¢ company arL the Licen%¢¢s and such other tKr50ns or bodies corporale as are eligible for mcmbetship. Persons wi5hin8 lo b¢conie iiiembers are re4usred to rnake a lorm&l application lo Iht Council for consideration. Mctnbership is not transferable The cotnp4ny 15 consEltuicd iindtF a MeJnorandutn of A55ocialion and is a register￿ charity, no. 295143. b. Metbods of appointment or election of tru$t¢es Direciors are appointed at ihe company's Anrtual General M¢¢ting. Under the requiremellts of the Mcmorandum and Articles of Association direetors arc clecied tD serve for a peTiod of up to thr¢e vears after ￿'hich they must applv lor re-eleLtion al th¢ Annual General Meeiittg. Risk m#nage]nént The tN5t¢e5 hav¢ e5tabli5hed an annual procedure lo review risks and sei or confirtn 5trntegies and polici¢5. Day to day managemenl of risk polici¢5 and Ih¢ir ¢ffecliveness is carried out bv Iht ChielExecutive. Page 4 Maid5tone Community Support Centre (A Company Llmlted by GuArantte) Tru5t¢es' Report (Continued) For the Year Ended 31 March 2021 Members, liability In the event of the company being wound lip. meinbeTS are each requir¢d io contribute an amouni not eAceedin8 £1. Th¢ Metnbers of the cotllpany guaraniee to coniribute an amoiini noi exceeding £1 te the ossets of the charity in the eveiit of windin8 UP Managemenf The Centre is rnanagtd by a Board of Trustees appointed by M¢rnber5 ILicens¢es of the otficesl al rhe Anniial General Meeting. The C¢nlr¢ employ5 a Chief Execiitive who repons. and is responsible to the Honorary Chair. Statement of trustees, responsibilities Th¢ trustees (who are also the directors ofihe company for the purposes of cotnpany lawl arc rcsponstblc for preparing the Triisiee8' Repon and the liiiancial staienienis in aLLordance wilh applicable laiv and United Kingdoin Accolinling Standards Iunited Kingdom Genernlly Accepted Accounting Prathicel. Compally laiv requirts the Irustees 10 prepare finanLial statements. for ¢ach financial year. Under cornpany laiv. the ¢rusttes musi not approve the financial slalenicnis iinlcss they arc salisfied Ihdl the) give a true and fair vieiv of the siaie ol'alyairs of th¢ cornpany and ol it5 incoming resources and applicaiion of risoUrc￿, includirtg ils incornt und ¢¥p¢nditure. for thai period. In preparing thcst tinancial 5tatern¢nl8 the trustees are required to.. seleci suiiable accouniing policies and then applv them con5I5tently', observt Iht meihods and principles ofihe Charities SORP IFRS 1021: make judgni¢llls and accouniing c￿lmaleS thai are reasortable and prudent,. stht¢ %vhelher applicable UK Accounting Siandards IFRS 1021 have been followed, siibject to any material dep4rtUTe5 disclosed nd explained in th¢ financial stal¢tn¢nts: prepare Ihe financial Stsiements on th¢ going concern basis unless it is inappropriat¢ to PTesume that the company will rontiniie in busirtesg. The Irusiee3 ate responsible for keeping ad¢qiiaie accounting records that are sullicieni 10 show and explain lh¢ company's Irdnsaclion5 and disclose with reasonable a¢ruracy at any tiIn¢ the financial posiiion of ihe eompanj and enable them to ensure thal the financial siaicmcnls cotnply with the Cornpanie5 Act 2006. Th¢y are also respoiisiblt fer safeguarding ihe of the Lompany and hence for taking reason&ble steps for the PTev¢nlion and d¢t¢ction of fraiid and other irregularities. Approv¢d by order of the fft¢tnbers of the board of trustees and signed on theiT behalf by.. Pétér Cox, Honoury Chair Dale.. Iql qli) Page 5 Maid5tone Community Support Centre {A Companv Limited by Guarantee) Independent Exominer's Report For the Year Ended 31 March 2021 Independent Examiner'5 Report to the Trustees of Maidstont Commuthlty Support Centre I'the rompally,) I report to the charity trnslccs on my exarninalion of the accounis olthc compfjDy for th¢ year ¢nd¢d 31 March 2021. Re5poTrsibilities and Basis of Report A5 tlie truste￿ ot'lhe company land ils directors for lh¢ purposes of company lawl you ar¢ r¢5FKln5ibl¢ for th¢ preparaiion of the accounts in accordanc¢ ivith the requiretnents of the Companies Act 20061'the 2Q06 A¢VI. Having saiislied Inysell that ihe accounts ofthe companv are not requiied to be audited uDd¢r Part 16 of th¢ 2006 Aei and ￿ ¢ligible for independent cxaminaiion, I report in respect of mv cxaminaiithn of thc c(>Tnpanv's accounts carried out linder section 145 tsf Ihe Charities Act 2UI I I'th¢ 2011 Acl'l. In carrying out my examinaiiojj I have folloived the Directions given by the Charity CO￿lssIon und¢r section 145{5llbl of the 2011 Act. Independent Examiner's Statement Sinc¢ the company's gross income exceeded 1250.000 your examirter musi be a Inetnb¢r of a bodv li5t¢d in 5¢ction 145 of the 2011 Act. I confjrm that l am qiialified to iindertake tlie examination because l am u mernber of th¢ Institiile of Chartered Accounlants in EngSaDd and WaJ¢s, which is oiie olilie listed bodies. I have conipleled mv exomination. I confLrn) that no matters have come tts my attention in connection with the examinaiion 8IVln8 tn¢ cau5¢ to belitv¢'. accountiiig records were noi kept in respect ot'the company as r4uiTed by geclion 386 of th¢ 2006 Act., or the accoiints do noi accord wilh ihose records,. OT the aceoiTrtis do not tthniply iyith the accounting r¢quiremenls of section 396 of the 2W6 Act other than any rcquir¢ment that the aecounls give a'trne and fairf vielv ivhich is rtol d matter conside￿d a5 pan oran indepen(knt examination., i)T the accounts have not be¢n prepared in a¢¢ordanc¢ witli the methods and principles of tht StatLment af R¢commended Practice for accounting and Teporting bv charit1¢5 lapplicoble lo charities preparing Ihcir aecounis in accordanLe Wlth the financial Reptsrting Siandard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other mallers in tDJtheciiort with ihe examinalion to ivhich attention should be drawn in this report in order to enable a prO￿r understanding of the accourtls to b¢ r¢ach¢d. This report is made solelv io Ihe company's trusiees, as a body, in a¢cordanc¢ with Pan 4 of the Charitie5 (Accounts and R¢port51 Regulaiions 2008. My ¥vork has been undertaktrt so that I tnighi slate to th¢ conipanv'5 trusl¢e5 tliose niatters l am required tg 5tal¢ to them in an Independent Ex2mine¢s Report and for no other putP05t. To the fullest ¢xtent permirted by law. I do not acrcpl or a5sum¢ responsibilily lo artyonc other Ihart th¢ company and the rotnpjny's trusle¢5 ￿ a body. for my work or for this report. Signed.. Dated.. 29 Septeniber 2Q21 Allan R. Hickie Bsc FCA UHY Hacker Young hartered A¢¢ouotants Thames House Rotnan Square Sittingbourn¢ Kenl. MEIO 4BJ Page 6 Maidstone Community Support Centre (A Cornpany Limited by Guarantee) Statement of financial activities (in¢orporating inc0￿e and expenditure account) For the Ye9r Ended JI March 2021 Unre5trieted funds Restricted funds 2021 2021 Totxl funds TL71t71 2021 202() Note Intome from.. Donations and le8aci¢s 119.5t19 235. Illy 77 119.509 235.109 77 12.612 355.6J6 206 Ittvestmenls Total income 354,695 354,695 368.434 Expenditure on: Charitable aciivities 238,711 2,218 240,929 300.381 Total expenditure 238,711 2,218 240,929 300.381 Ntt moveDJent furtds beforè othér reeogrttsed gainslllos5esl 115.984 12.2181 113.766 68,053 Exctptional it¢tn- depreCi￿tiOn (33n.257) 115,984 12,2181 113,766 (262.204) Net movement in funds R¢conrili&tion of funds: Total fund$ broughi forward Net moveinent in funds 293,905 115,984 178,103 {2,2181 472,008 113,766 734,212 (262.204) 409,889 175.885 585,774 472.008 Total funds corried forwRrd The Stslemeni of Financial Aclivitics includes a118Jins and Ios5e5 r¢cogni5¢d in the year. The notes on pages 9 to 19 forni pan of these fJrtan¢ial staterncnts. Pa8e 7 Maidstone Community Support Centre (A Company Limtted by Guarantee) Registered number: 02045986 Bal3n¢e Sheet As at 31 March 2021 2021 2020 Not¢ Fixed asstt8 Tangibl¢ a55¢t5 Current assets 12 231,945 245.272 Debiors Cash ai bank and in hand 3.614 403,559 8.863 260,847 407,173 269, 710 Creditors.. aniounts falling diie ii'iihin one year 14 133,796) 120.200) Ntt turrent assets 373,377 249.SlU Total a55tts less current liabilities 605.322 494. 782 Creditors.. amounts lallin8 due after MOTC than one {19.5481 (22. 774) Tot*1 thet assets 585,774 Chffjrity funds Re¥lricted furds Unrestrlc￿d funds 16 175,885 409,889 178, J03 293. 905 16 Total funds 585,774 472.008 Th¢ company was entitled lo ¢xemplion from audit under seciion 477 of the Companies Act 2006. The m¢mb¢r5 have not required (he company to obtain an audit for the year in qu¢slion in accordatLC¢ with seclion 476 of Coinpanie5 Act 2006. The trusitts acknowledg¢ their responsibilities for complying ivith th¢ r¢quir¢tnent5 of the A￿ iviih respect lo aceoDnting records and preparation of financial siaicments. The fjnancial staiemenis have been prepared in accordan¢¢ with Itle provisions applicable to eniities subject to the small companies regime. Th¢ finanrial $tat¢m¢nts w'er¢ appr(>v¢d and authori5¢d for issu¢ by rhe tnjsiees and signed Ort their behalf by.. Ptttr Cox, Honorary Chsir Borry Snashall, Finance Direttor Dao.. 2qlq The notes on pages 9 to 19 fortn part of these financial statements. Page 8 M&id5tone C0￿MUnitY Support Centre (A Company Limited by Guarantee) Notes to the Fillancial Statements For the Year Ended 31 March 2021 Ceneral informatiOEh Th¢ charitable Coinp￿Y is a company limiied by giiarant¢¢, ￿gIStered in Cngland and Wales. The regi5ter¢d olyice is 39 - 48 Marsharn Str%1, Maidstone. ME14 IHH. Afcounting policies 2.1 Ba515 of preparation of financial statements The financial 5tai¢nitn15 have been prepared in accordan¢e I￿1th th¢ Charities SORP IFRS 1021- Accounting artd Repi)rting hy Cliarit1¢5'. Siclt¢nienl of Rectsmmellded PracliLe applicable to charitie5 preparing their aeeount5 in accordance with th¢ Trinjncial Rcporting Standard applicablt in ihc UK and Republic of Ireland11.-RS 1021 lelfective March 20181, Ihc Financidl Reporting Siat)dard applicablc in ihe UK and Republir of Ir¢l4nd IFRS 1021 and ihe Companies Act 2006. Maid51on¢ Community Support Centre meeis Ihe dcfjnilion of a public benefit entity linder FRS ID2. Assels and liabiliiits are initiallv reLogni5ed ot h￿slOr]raI cosi or tra￿￿ello￿ valiie unless Other%￿lS¢ stattd in the r¢l¢vanl ac¢ounting policy. 2.2 CotnpHny statu5 and group accounts The tompaDV 1$ 8 company limitcd by guaraniee. The membeTs of th¢ componv ar¢ th¢ Inistecs named on page l. In the evenl of the conipanj b¢ing woiiud up. the liabiliiv in rt￿￿¢1 ofihe ¥uaranl¢¢ is limit¢J to £1 ptr member of th¢ coinpany. 2.3 Going conrern The ITusiees have c()ll5ideTed ￿'hether they believe the charitable ¢tsrnpony ￿1[1 have adequ8tc resource3 to continuc in operational existenc¢ for th¢ foreseeable I'ulure. whcthei there are any material unc¢ndinties dbout the charity compdnv's ability to continue a5 a going concern for a period of at lebst on¢ year from the date of authori5alion of the firtanLidl Slaletnents. In undettsking Iheir assesgment the Iruslees have taken into account the Current situation with thc COVID-19 pandemic. and hoii. they believc the charitabl¢ coinpanv may be aflecieil as the cuunlry enierg¢s from th¢ laiest period uf lockdoivn and the full ￿Ing of bocid disluncing requirenicnls from 19 July 2021. As nr>ted in the ttus1¢¢5' r¢port, under the review ol aetiVilit8 seetion, th¢ ¢haritahl¢ coinponv has been adYet5ely affected by Ihe pdndemiL and session hire has ceased at times duriJ]g the year. during th¢ variou5 lockdowns. Use has b¢¢n tnade of available govemtn¢nl fi]nding. including the Coronavirus Jeb R¢tention Schetne, ITr combat the loss of core income. Whilsi they retnain conscious of the continued threat posed by the wJnd¢mic. following the lifting of reblrictions the trustees are now niore optitn15tic for thc Iiiture. Al the time of appmval of the5¢ financial slalemenls thc Charitable company has he￿￿th} c￿h at bank and fr#e r¢servt balances. and wilh year 10 date manugtrnent accounting infomiatit>n and forecasts for lh¢ roniing twelve months indicating that Ihere art no material uDc¢rtainti¢s ov¢r going cottcem, the trus¢¢es tLav¢ tortcluded that it r¢tnains appropriate lo prepare ihe firtaneial siateTnen15 on th¢ going concern basjs. 2.4 Incom¢ All income is recognised once the compani. has ¢nlitletnent to the income, it is probable thai the income will b¢ received and the amoulll of in¢omt receivable can be meiisur¢d reliubly. Grants are includcd in Ihe Staiement of Financial ActlVLties on a receivable basts. The balartce of income received for specific purposes bui noi expended during the period is shown in thc relevant furtd% on th¢ Balance Sheet. Ilhere incorne 15 receiled in advdnce (if tntiiletnent of rec¢ipl, ils recognition is defetred and includ¢J in cr¢ditor5 as deferr&l income. Where entitlement OCCUTS before incotne is received, the income is accnied. Irteome ￿ recoverable in relation to investment income is recognised at th¢ tim¢ the inveslmeni inctsme is re¢¢ivubl¢. Pag¢ 9 Maid5tone Cornmunity Support Centre (A Cofflp3ny Limited by Guarantee) Notes lo the Financial Statements For the Year Ended 31 March 2021 Accounting polities (eontinutdl 2.5 Expenditure F.xpenditure is recognised oncL there is a legal or ronslructti'c obligation to Irartsfer ¢conoffiic btneftt to a third party. il is probable that a transfer of cconomic kncfit5 will b¢ rcqiiircd in stiilLtncnt and the oinoiint ol. the obligalioll can be tneasLired reliably. The cosls of Ihe one tCLivily for the enlity is made up of direLI COSIS as well &s support costs involY¢d in und¢rtoking said acrivity. Expenditure on charitable acljvjiies is incurr¢d on d1￿ctlY undertaking the a¢tiviti¢s w'hich fijnher the companYs obj¢clives. as well as anv associaied siipport costs. AII ¢Kp¢nd&ture is inclusive of irrecoverabl¢ VAT. 2.6 Government grants COVID-19 job relcntion scheme grani income is CTtdited to the Statement of financial Activities as the related ¢¥peiidiliire 15 incurred. Addiiioiial COVID-19 gowerntn¢nl grants are credited 10 Ihe Stdiement of Financial Acriviiies iipon reccipi of monies. 2.7 T4ngÉble fixed a55ets and depre¢l#tlon '1 angible fixed as5¢1s are iniiially recognised al ¢o5t. After recogniiion. linder the cost model, tangible fixed Hsseis are tnea511Ted al c051 1¢55 accumulated depreciati()n and any acciimulaled impairnicni 1055es. All cosls irtcutrtd to bring a langibl¢ fixed a55el into 115 illiellded working tvndilion Should be included in Ihe me￿Su[eMent of cost. Depreciation is charged so as lo allDcate the c05t of tangible fixed asseis less iheii residual valu¢ over their e$iimat¢d useful liv¢5. Freehold property Freehold property improvtniertls Fixttirts Fittings and eqiiipment 2% per annum strdighi linc on c05t 10/0 Per ar￿uM straight line on ¢ost 2￿/0 per annum siraight line on r05t 2A Finan¢ial instrumetLtS The companv only has tinancial a55els and fiiiancial liabilities of a kind thal qualifv a5 basic fIj￿Ie￿al instruments. Basic finallcial inslruments are initially r¢cognised ￿t transaction valuc and subs¢qiicntlJ measured al their settl¢menl value with the exception of bank loans which ar¢ sub5tquently Me￿￿red ai 2mortis¢d c05t using the elf¢ctive inieresi mcthod. 2.9 Pensions The ¢i)mpany OF¢rates a d¢fJned contribution pension $¢h¢rn¢ and the pension cha￿e represenL% the amoiints payable by the cotnpanv to the fund in respect of the vear. P&g¢ 10 M#idstone CorntThllllity Support C¢otre (A Company LI￿￿ted by Guarantee) Note5 to the Financial Statements For the Year Ended 31 March 2021 Accounting policies l¢ontinutdl 2.10 Fund a¢¢ounting General fiinds are unrestricted funds %%'hich ar¢ available for use ai the discreiion ol the trust¢es in furth¢rdnce of the g¢n¢rul objectives of the company and whith hove not been designaicd lor otheT purpo%es. De5ignat¢d funds coinprise unreslricted funds that have b¢eii set aside by the trustees for particular purposes. Ttle aim and ust of eoch desIg￿ated fund is riut in the no1¢5 to the financial statements. Re51ricled funds are funds which are to be Ub¢d in accordance iviih specifjc restTiCtions imposed by donors OF which havc been rais¢d bv the company for particular Purpo￿e￿. 'I'h¢ costs of raising and adminisieiin8 siich fund& are chdrg¢d against the specific fiind. The aim and use oleach resirict¢d fund is 5¢t out in thc notes ID the financial stalemenls. luve5tm¢lll income, gains and losses are allocated to the appropriat¢ fund. IDcotn¢ froTn donltions And legaeies Unrestricted funds Z021 Restri¢led lunds 2021 Total fund5 2021 Toial (linds 2020 Goverllment grirtts COVID-19 Job r¢t¢lltion scheme COVID-19 Maidsione Borough Counril 48,544 70,965 48.544 70,965 Subtotal detaiEed disclosure 19,509 19,509 Donation5 200 Grants 12,412 119,509 119,509 12.612 AK(Ilysis of2020 itriul bvfund 300 12,4t12 12.012 Income from rharitable activities Unrestricted fujjds Total funds 2021 Toiiil 2021 2020 Licertce Fees and s¢ssitsn inrotne 235,109 235,109 355.616 Analysis of2020 tyfiind 355.616 35i,616 M9id$tone Community Support Centre (A Company Limited by Guaranl¢e) Notes to the Financial Statements For the Year Ended 31 March 2021 Invt8tment ithtom¢ Unrestricted fullds 2021 Total funds 2021 Tofnl fii4d¥ 2U20 Investment intonie 77 77 206 AF]filysu of2020 ioial byfiind 206 206 Analysi5 of expenditure on chArltllbl¢ *ctiYities Summary by fund type Unrestritted funds Re5tricled funds 2021 Total funds 2021 fund.1 2020 2021 Direct charitable purposes 238,711 2,218 240,929 300.381 Analysis of2020 10lÉil &yfiind 289.499 10,882 3f)n.381 Analysis of expenrtiture by Activities Attivitits uthdertakeD direftly Support ¢05t$ 2021 2021 Total funds 2021 fiinds 202t) Direct chariiablc purposes 191,451 49.478 240.929 300.381 Analysis of2020 iorttl 237.456 02.925 300,381 Page 12 Maldstorte Community Support Centre (A Cornpany Limited by Guarantee) Notes lo the Financial Statements For the Year Ended 31 March 2021 Analysi$ of expenditure by Attivities {corJtinued) Analysi5 of direct tosts Total funds 2021 Tg1(71 fiinds 2n2 Siaff costs 150,909 3.371 15,742 J55.4117 W&ler. sewerag¢ gud wa5t¢ Light and heat Repair5 8nd maintenance Propertv maijagcmeni and cleaning Coffee shop Room hir¢ 6.274 23.665 32,t151 22.323 743 7,999 277 0.983 191,4SI 237.4156 An#lysÉ5 Qf support costs Tot#1 rund$ 2021 Toicil [Ifnds 2020 Depreciation lllsurancc 14,9S5 5.666 4.754 7.764 10.588 5,471 4.270 Accotsnthncy aDd payroll churgts Telephone OtTice expenses and Iraining Photuiopicr cos15 Bank £horg¢5 and inttrtst General expcnses Loss on disposal Bad d¢bts 3,902 1.184 1.589 23,573 589 8,979 4,402 604 49,478 62.925 Page 13 Maidstone Community Support Centre (A Company Limited by Guarantee) Note5 to the Financial Statements For the Year Ended 31 March 2021 Independent examiner's reM￿nerAtiO The independ¥ni examiner's remiineration amounts to an independent examiner fee of £3.40012020.. £3.2881. and oih¢r services of £1.35412020.. £9821. Staff costs 2021 2020 Wag¢5 and salaries Social 5¢curity COStS Contribution to defitted coniribuiion pension 5chem¢s 137.928 7.089 5.892 120.187 30,032 5, 198 150,909 155.417 The average number of ￿rSOnS employed by the company during the year was as ft>lloiv5'. 2021 No. 2020 Employee5 No employee receiv¢d r¢tnuneration atnounting (O Liiore than £60.OOD in either year. Key management peTsonn¢l r¢c¢iv¢d r¢tnun¢ration (irtcluding etnploy¢r natiotlal insurance and pension conlribulionsl of £5Q,89312020.. £50,915) io. Trustee5 remuneration and expettses During the ycar. no irustLes received any r¢tnun¢rution OT Other benefits 12020- £NILI. During Ihe year ended 31 March 2021, no trustee expenses have been incurred (2020- £h'lL). Exteption#l it¢￿5 2021 2020 Depreciaiion rhargt Ist¢ b¢lowl 330,257 The exccplional item of £330,257 r¢lat¢s to an addilional depteciaiion rhdrge. The trustees rtviewed the depreciation policy during 19120 and determined that the prevjous policies f(>r fr¢¢hold property impro¥emenls and fixture & fillings both wa]nnted a revision in ord¢T to avoid oversiaiing the carrying valu¢ of th¢s¢ assets. An addilivnal d¢prtciation charge Ivas included to Teduc¢ th¢ carry voliie of freehold property improv¢tntnl alld fixtures & fittings to the valiies th¢ assets would now have ifihe new policy had always been in lorce. Thi5 ¢Xf¢Ptional eltineni lias been shown separdiely on th¢ fac¢ of the Stattment of Financial AciiYiti¢s in order lo present the r¢5uIt prior to this charge and then rhe ovcrall result including it. Page 14 Maidstone Community Support Centr¢ (A Company Limited by Guarantee) Notes to the Finan£i21 Slgtements For the Year Ended 31 March 2021 12. Tangible fixed a55et5 Freeh￿1￿ property improvetllents Freehold property Fixtures and rjttings Total Cost At l April 2020 Additions 221,765 127.144 1.628 526,794 875,703 1,628 At 31 MaTch 2021 221.765 128,772 526,794 877,331 Dtprcii#tiD At l April 2020 Charge for the year 45,463 2,218 126,463 529 458,505 12.208 630,431 14,9i5 Al 31 March 2021 47,681 126.992 470,713 645.386 Net book vilue At 31 March 2021 174,084 1,780 56,081 231,945 AI 31 ￿l￿r(h 2020 176.302 681 68.289 245.272 13. Debtors 202] 2020 Tradt debiots Prepayments and accrued income 3.402 212 8.464 599 3.614 8,863 Pag¢ 15 Maid5tone Cornmunity Support Centre (A Company Llmlted by Gll2rantee) Notes to the Financial Statements For the Year Ended 31 March 2021 14. Creditors: Amounts f#lling due within one yeAr 2021 2020 Other loans 3,226 973 3,226 670 Trad¢ creditDrs Oiher taxation attd social Security Oiher cr¢dilor5 2,699 4,041 22,857 2.842 3,217 Accruals and deferred ijjcome 33,796 20.200 15. Creditor5: Atnount5 fAlling due after more than one yeir 2021 2020 Oihei loatts 19,548 22.774 Page 16 Mgidstone Community Support Centre (A Company Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 Mareh 2021 16. Statemellt of funds Statement of funds- turrertt yt#r Balance at I April 2020 Bttlxnce at 31 Mar¢h 2021 Expenditure Unrestricted futtds De5ign¥t¢d funds Fixed ass¢1 fiind 68,971 112.737} 56,234 General fund5 General funds 224,934 354,695 1225.9741 353,655 Total Unrt5tritted fuTrds 293,905 354.695 1238,7111 409,889 Restricted funds Capiial fund Big lott¢ri' grant 176.302 1,801 12,2181 174,084 1,801 178.IU3 {2,2181 175,885 Total of funds 472.008 354,695 (240,9291 585,774 Sllmmiry of fvnds Unrestricied fun The designated fixed a55et fund represents the net book value Df tangible fixed assets fU￿ded from unresirict¢d general furtd& The differenr¢ IKt%v¢en the carried lonvard balance on this fund dnd the value of iartgible fixed assets in nott 52 rclales 10 the balanee on th¢ re5trict¢d copiial Iiind for fIx¢d a55etS 8cquired out of rcstricled fundin8. Gener21 furLd5 represent the'free, ￿SerVeS readily available to trustee5 to spend kn the) 5¢e fit in accordanc¢ with the charity's objeclives. The capital fund 15 in respect of ¢apital grants received for th¢ purchase alld improven)¢nt of freehold buildings and pUrch￿t of iletns and ¢quipiiitiii. In ac¢ordan¢e with the accoLinting policy, depreciatiort on th¢ a55ets concerned is rharged as >Jn exp¢n5e of the restricted fiind. Th¢ Big Loriery 8rant wos r¢r¢iv¢d for the provisiott of 5¢rvices relatinE to mental health and a proptsrtion remained unspent at the year end. Page 17 MAidstone Comrnunity Support Centre (A Company Limited by Gu#ralltee} Notes to the Financial Staternent5 For the Year Ended 31 Mareh 2021 16. Stite]nent of funds leotttirtuÈdl Ststement ol lunds- prior ye4r BaliTKce oi l Apyil 2019 GuiKs/ (LosseJ) JI MGrch 2020 Incowe E¥penditpre TrÉYn$fers in.'DUt Unrtstricted funds Designated funds rixed &ssel lund 355,512 (12.688) 31.029 (304.882) 68,971 General funds General funds 164.340 356,022 (276.8Jl) (18,617) 224.934 TotAI UnrÈ$tricted fwnds 519.852 (2¥Q,499) 12.412 (304,882) 293,905 Restrirted fuDd5 C