Charity registration nuniber.. 300236 Bourne End (Buckinghamshire) Community Association Annual Report aiid Piiiancial SlatcmentS foi. tlie Year FAided 31 Decenibei. 2020 Bourne Ei nd (Buckiiigliamshire) Commiinity A,8soeiation Colltents Refereiice and Adintnistrative Detai15 Triistees, Report 2to8 Statement of Tiustees, Re5poiisibilitLes liidependent Examiiiels Report 10 Staleiiient of b"inancial A¢tivities 11 to 12 Bal2nce Sheet 13 Notes to tlie Financial Statemciits 141025 Boui'ile End (Bucliinghamsliii'e) Community Assoeiation Reference and Administi-ative Details Chhii'nigti . DG Foster Hoiioi¥¢i'y Secretai'y Mrs M Fluyley Vice ClxAiJ'niaii Mr D J GEbson Honoi'ai'y Tregyuiei. Mr T Qiiantrthll Priiicipal orrice The Cominiinity Ceiitre Wakenian Road Boiii'ne Et)d SL8 5SX Charity Registi'Ation Number 300236 Banliei'.% CAF Baiik Ltd 25 Kijigs Hill Aveiiue West Malling Ilent ME19 4JQ Iiidependenl Ex8minei' Stuling Gix>vc Accountants Limited Tliames HOl￿e Boiirne End Business Park Cores Elld Road Boui'ne End Buckinglianisl)IlE SL8 SAS Poge I Boui'ne End (IluckiiighAinshire) Cominuiiity Assoeii4 tion Trustee8' Report -rhe ti-ustceg pl.￿ellt the annual L-epoit togethei. witli tlie finanLial statemejils of tlie chai'ity foi. the year ended 3 Dcceinbei. 2020. Objectives Actii'ities Objecls lliJÉl UIFILS Tlie chatity's Objects are to promote sucli Cliai'ilable Piiri)osE oi- Chai'itable Piii'po%es &$ ilie Triistees shall in tlieij. absolute dis¢i-elioii tl)iiik fjt. Sucli Objects includc but al'e not lirnited to tlie folloiving.. -to pi'oinole Ilie benefit of the ijiliii l)itaiits of Boui'iie Elld and Wooburii and the neiglibourhood tuged)er defjjied iii tl)e Ivooburn aiid Boui'ne Eiid pai'ish -to riaintain 2nd Inanaoe the Bouine End Conimunity Ceiitre -to proinote sucli other Lliaritable purposes as iiiay froin liiiit to tii)ie be detei'mined Tlie objects otthe Associatioii are to.. a) pi'omote the bellefit of tlie inliabilants of Bouine End & Woobiii'n and the ncigliboui'hood togetliei. defined by Wooburn Paiisli (heiriii¥ftei' Called 'ilJe ai'ea of beiiefit") witliout distinction of sex, %exual oi'ieiiiatiod, ra¢e or of political, ieligious oj. other opiiiioiis, by associating togetl)er the said inliabitanis Jnd the local auihoriiies, voliintai'y and otjiei. organisations in a coininon effort to advance ediicic lion and to provide facilities in Ilie intei'esls ofsocial welfare lor reci-eatioi) and leisui'e-time oocupation wRth ilie object of iinproi'ing the conditions of life foi. tlie said inhabitants. bl establisli, oi. se¢Lire the est2blishnient of, a Commuiiity Ceiilre aiid 10 maintain and nianage the sainc (whetlier alone or in co- operatioii with aiiy local autliority o¥ oihei. person oi. body) in fiJi'tliei2nce of tlies¢ objeets. c) Vi￿l￿ott su¢li oiliei. charitablt pur￿)seS as may fitni time to time be detertnined. Objeclives, sli'uiegie.f iiisd Iiclivilie.F The Coniiniinity Ceiiti'e Tlie Association niaiiages Boiiitie End CoiDllluJiity CeJitiE which was opened in 1967. Tlie Centrc building aiid land is leased fKOJii Bii¢kiiiohaiiishire County Loiincil on a 99-year lease at a peppei'coi'ft rent. This piDpeity is Iield iii tiust by Ilie Official Ciistodiaii for ("hai'ities. ie Associatloll has 3 employees one full-tjiiie and aiiotlier pail tiine botli WOTking in the Ceiilre Office pi'oviding adtlllnlsti'atiwe and facilities siippoi-l aiid a cleanei'ljaiiiloi-. The Association dei)ends iii)oii the Colltiniiittg sÈippoi'l of volunteeis fiDiiJ all parls of tlie coinniiinity foi. all otlicr Slip￿lt and nianagement. Tlie Associalioii's aiii) has alivays beeii to pi'ovide fii'st class facilities at affordable pi'ices for vulLllltary iiiiisic, dyaiiia, si)orl. e¥eiii8e and historical ieseai'cli Liiideitakei) by groiips froiii pir-scliool age lo 'seniors'. We are also delig11￿d to contiiiue to play host to Headway, a cliai'ity lielpiiig tliose wlin hav¢ suffeiyd byain Page 2 Bourne Lild (Buclcinghamsliire) Cominunity Assoeiatioii Trustees, Repoi't Piiblie beJiÉfil We have five halls/rooJiis which ¢an be Iiired to groups or iiidividiials froii) the local coininunity and surtx)uJidii)ts avea. In aiTditioJi to oui. oivn eveiits, #ctivities lor Il)e local coinmuiiity sncliide tlii'ee coffee mominas, a visitiiig podiatrist and Good Neighboiirs lun¢lies in coiijuiiction witli Wye Valley Voluiiteei's. All our activities liad lo stop al)ruptly Marcli alld there was little take Lip later in tlJe yeai.. We look foiward to being able to ivelcoane people to tliese activities soiiietiiiie iii 202L. Tlie tTUStees confiiTh that tliey have complied with tlie reqijiiemtnts of sectioii 17 of the Cliarities Act 2011 Iiave diie reg8rd to the public benefit guidance publislicd by the Cliarity Cominission fol. Englaiid aiid Wales. Aehr¢vements perfDi￿1￿1lct The yeay started ivith oui. i'egular w¢elily nd Inoiitlily events iiicliidii)g tsble top sales, ja7z, dance classes, ches5. shoi'l Inat howls, petanque, darts, badiiiintuii, flowei. ai"r2ngiiig, bingo, ceiitlETalk.q, quizzes and crib. %adly, all these aiid privaie hires liad to cease wl)eJ) tlie fJis1 lock-doivn was annoiinced in Mai'cl). The Centre closed on 19tli Mar¢li and i'eopcned on fue5day 18t Scptember ivitli Ismited hirings. Dui'ing this lock-llowii period the May Woolleiion Hall and the foyei. pliis Cori'idor were decoi'ated. Also prepai?Lions were made to tllake the Centre COVID-19 se¢ui'e pi'ior to Il)e reopenijig tsf the Centre. The Foriiin PlayeL'S are a friendly draiiia club who mcet at tlie Coinmunity Cent¥e and use our stage facilities. Tl)eii' only productioji in Janiiary 2020 twas Ilie paiitomime, 13eauty and the Beast, tlie sci'ipt of which was written by one of tiieir metnbets. Oui. popular centi'eTallis stal'led in the New Yeai in the Centre biit aftei. lockJoi¥n tliei'e were two talks on ￿01m to piyjvide a social oiitlct. The Cincima piit on three films two fiill sci'eenings and one with COVID19 social distaii¢iiig. -rhe tnoiitlily bar quiz had oIie session October and one onlii)c ali Decei?Ibei'. Jazz liad three Inonthly sessiotis ivhi¢l) wei'e very ivell dttended aiid tiie Indoor Bnot sales werc in February and Mai'ch. All otlier raising eveiits were closed diie to COVtD-19. T]ie Cenlje lias been opened, when allowed, foi. sotne hireys but tlieit were sigiiifjcaiitly less liirei's tlian n017nal. Tai'get magazine is pix)diiced 6 times a year but tliis yeJi' we were iinable to di51ribiite it in Aprtl and Jiin¢, We Irsiimeil piibliclltion iii Autsiist and piiblished siibseqiienl inagaziiie5 Octobti. and Deceinbcr. fvlany diéuths tt) Bari'ie Penfold, tlit Editoi. aiid ilie teain of distributOlS the maoazinc is very iiiuch appieeiated tspecially by lose who are uiiable to mix ii) tlie coiniiiiinity dui'iiig this C.OVID-19 pandeiiiic. We stai'Led ali oii-1iIie nioiiilily neiv81ctter to coiiiniunicate to menibers of Ilie A5sociatioii aiid those who arc atteiidiiiul liave atteiided oui. evciits. We plaii to Coiititiue i)i'oducing tlie newsleltei. foi. the fiitui'e. The bai. reopened on L2tli August biii Iiad io close on 4tli Novenibei- due to resti'i¢tioiis. Page 3 Boui'ne End (Biicliiiigliamsliire) Cominunity Association TrusteL8' Repoi-t FinAneial revieiv Tlic accounts are stt oiit on pages I I to 25. Tlie fiiiaiicial i)osition of die charity was signifjcaiitly affected by tlie COVID-19 p2ndemie as tl)e CoiniuEiiiity Centi'e was forced to close dui'iiig tlie lo¢k-doivns. Reveiiue was reduced both in tems of liirinu and, with the reduced opening of the bai. operated by BouTne End CA>mmunity Ti?ding l.td. no revenue was Feceived fmni this Wdliiable source. Ovei211, the ceJti'e income was £84,495 beloNv budget. Tlie rhai'ity reLeived 2 gi'ants via Wycotjibe District Coiincil totalling £1 1.334 a% assistancc towai'ds tlie advci'se effect oii oiii. fiiiaiices aiid £17.636 was I'eceivtd uiider the Coronavirus lob Reteiition s¢hem¢ to lielp with wages costs whilst the centre was Glosed. We also received a £IO,OQO grant fiDm the Parisli Council foT impl￿vement projects, but tliese did Jiot take place in the yeai. and so will be can'ied out at a suitable Lime iii the future. As tlie Centre was indLtive for d subslantial part of tlie yeai. costs wei'e i'edu¢ed and wlieir ym)ssible staff118ve been fiij'loiiglied. Diie to tllis, operating costs weiE below biidget by £44,441. There wa% a deficit for tlic ycay of £18,940 12019 sui'plus of £10,109). At the year-end reserves siood at £228,936 (2019 £247,876) Ptslicy oil re&ep'v Ollr exisiing poliGy IS to liold betweeii six aiid livelve nioijtlis aiincial expendituie as a real reseive. We defiiie IEal resei'ves as net curi'eiit assets. Tlii5 differs from il)e Geiiei?I reset've appeaiiiig on the Balan¢e slicel by excluding capilalised exijenditui'e on Ilie fabi'ic of tlie buildiiig artd on fixtui'ts and fittin(Ts which ivould be woitli5ess slioiild they need to be qold. Oily iict ciiyrent as%ets at th¢ eiid of 2020 were £171.183. Tliis Itpi'esents abolit 20 mont115 of expenditiir¢ ¢x¢liiding depiEciation at tlic end of 2020. Plaiis foi. llltuve petiods Aijpis aijd key objeclive$forJsiIiirÉ￿1.iO1jS All of oiir futui'e plans liave l)eeii put 01) liold for the moment, due to COVID-19. We planned to liave a second Cinemtl scj'eciiing each illollth to piDvide a ivid¢r vai'iety of filin5 and to J'e-slait thtt anniial oirliesii'al coijceit in Oclobet., We intend to iiiipleinenl tliese ivlien COVID-19 JEslrictions at]d public confIdence alloiv. We also p12n to brintt the ceiitiETalks baLk lo the Ceiitre witli additional 5ti.eaiiiii)g to hoiijes if requii'ed. Structui'el goveriJAiice And inaiiageiiient Nuiuie ofgoiiej'iiiiig rfociiNpieiil Tlie tliai'ily was coiislitiited on 14111 NJIay 1964 and is governed by the constitLltion last atnended on 14th April 2003, it is an iiniiicorporated association. Bourne Eild (Buckiiiglianisliiye) Community Association Trustees, Repoi't Reel'ilil￿1eF1l uiid uJ)poiNilFNieiil ollr£islees Ti-ustees al'e noniinated by each Section of tlie Associaiion, Affjlsated Group Meiiibei. and Staluloiy Aiiil)oYity. These are appointed each year at tlie Anniial General Meeting. Tlie AGM also elect5 a number (Jf the individual Itienibei's as Ti'iistees to represent thein. The Trustees ¢an appoiiil Dew'fi'ustees to fill vacaiieies. Tlie Tiustees who seived duiiiig the year ale as showji below. All l Lwstees give theii. time fi'eely and no TJusLee reniiincration was pai(1 in tlie year. Tlie Jiiajor i'isk5 lo whicli tlie charity ss exposed, as identified by die Ti'iistees, liave beell revieiwed and syst¢ins have been established to mitigaÉe those i'isks. Ai'ruiigeiiieiilsfoj'selliiig Iiéji i)iapiug*J>ieiilpersoiiiiÉl réiiiiiiieralioii Tlie pay i'eview ig cari'i¢d oiit by the Officers and a ircoinmeJdaiion is made to the Managejnent Team for theii. approval. l'ust Tlic following persons served as TTUStees li) tlie year.. l)ave Gibsan Mike Judge JaiJe CottiEIIO/o Bryce Allen like Appleyard Geoff Boiirne Leigli Robiiison Pat Semot] cl￿Ve Givilliam Diane FIall Kareli Larkin Stuait Smart Val Clark Chrissie Hayes Bill Hudson Sai'ah Little Adam Smith Jallt Clerke Law* Manning David Stewait EIIF Pat Clitheroe Keiry Hudson Myra Hurley Paul Hurley Liz Huttoii Jol)n Marsh B8ri'ie Thomas Rogei. de Coverley Toiiy CIDssman Douglas Fergusgun Dave Foster Liz Payne Bari'ie Peiifold Keitli Tomkirts Sue Wagiier Sue Weston TY¢voi' Qiiaiilyill Peter RobitL5 Gary Jolinson Pete Webb /fj CottiEII seived iiiitil 08108120 * Baiyie Tlioma% served frt)ni 07110120 Page 5 Boiirne Fiid (Buclcingliamsliire) Community Associatioii Trustees, Report Oigrtllisffiloiiftl styiicliiie The Nlartagei)eiit of the Charity is as 51iown below.. Offioers. . SeG.tip.n&. . Managing Trustees Management Team Mtnce Team Stage Team Events Team Publici Teani Target Team Finance Team centre Talks Team centre Jazz Team Cinema Team Website Team Page 6 Bourne End (Biickinghamshire) Community Association Tru5tees' Repoi't How the ehai'ily JllaIies decisions, Tlie management 5tiuclure of Lhe cliai'ity is ii % follows.. The Officers consist of Chairman, Vice Chairiaan, SeciEtary, and Treasurer The Manatreihent Teani, consi8tiiio the above plits individua15 who liave been elected by th¢ tn]stees to be involved in tljc iut]lliiig of tlie centi'e soiiie of whicli al'e involved in the teams mentioned below. Various Teains sii¢li as Pllblicity, Events, Maintenance, Target who actively develop ideas aTrd pi'oposals to iillprove 21)d develop the offei'ings to tlie local ¢onimunity. At the reglllai. ￿lanagement meetintt the Offi¢ei3 and Teams repoit to the LVIanagement nieetin(p and pi'opo8215 air di5¢ussed and a decision is made wliether to I"¢coninieDd to the Trustees at tlie next Trustee MeetitE. The day to day managing of the centie is can'ied out by tlie Senioi. Administsttor. RelatioT]5hips ivit]i related parties BoiIi'ne fi nd Coillmuijity Ti'&dinoF Ltd This company runs the bai. at the Commiinity centre ￿ld the cliarily ch2rge an octupational li¢¢nce to the compÈny wlien a profit is made. Tlie charity did llot chartse the company this ye21. as & loss has been mcide due to the bar being i￿a6[e to be open at titne5 throughoiit tjie year due Covid l() J'cstrictions. Vinancial It)strllmenÉs ObJe¢l$vés uijdpolicies Tlie ¢liarity'.% activities expose it to tk niiiiTrbei' of financial risl(s ii)cludllig ci'edit i-isl cash floiv I'l511 and liqiiidity I'l51c. Tlie use of finaiicial dei'ivatives is govei-iied by the charity's policies approved by tlie board of tiustee%, wliich pl￿vide WTitteJi piijiciples oil the use of fiiiancAal dei'ivatives to nianage these risks. Tlie cliaTity does iiot use deiivative fiEun¢ial insli'uineiits for specLilative purposes. CusliJ7oiv i'i.gk The charity niaintains a hi(tli level of cash reserves to mitigate casli tloiy I'isk Credii risk The charity's pi'incipal fJiian¢ial assets are bank balaiices aiid caslTr, trade and other I'eceivables. Thc chai'ity's Credit i'islc is prin12rily alti'ibiitable to tts ti'ade I'eceival)les. The amoiiiits i)i'esenlcd in the balance sheet are net of £illowaiice5 foi. doiibiftil i'eceival)les. Ali alloivance loi. impait'inent 15 Inade wlieiE tliere i5 an idenLified loss event wliich, based on pi'evioiis expeiiei)¢e, is evideiice of a i'eductioii iji the i-ecovei'ability of the casli flows. Liqin niimber: 300236) Balance Sl)eeÉ a5 Al 31 Deceinbei. 2020 2020 2019 Note Fixecl assets Tun8ible ass¢ts Cui-l'ellt R55ets D¢bloi8 CAsh lll blnk and in hand 14 57.753 62,629 7.134 185,990 193.424 45,457 165.786 211,243 16 Cre(litoi's'. AtTrQUE)Is tAlling (luc ivitliin ollc yellr 17 22,2411 125.996) Net cuill'ejit nssets 171,1113 185,247 NEt fissets 228,936 247,876 in(Ts of tht ehaL'ity'. Restricts(l income funds 10,000 UniEsti'icted in¢oEne fui)115 Unreslri¢t¢d Iiinds 218,936 228,936 247,876 Trjtlll thnil5 19 247,876 Th¢ finaiicittl statements on paoes 11 to 25 approved by Ili¢ Iriistecs, and auth0ri8¢d for issu¢ on è.1.1IW.I signed trn th#ir belialf by.. CT E,-oslcr Cliair &iid Mal￿gillg Ttuslee Tli¢ iioies on pa8es 14 10 25 form ali iiitegral part of th¢$e fin8n¢ial slat¢in¢nls. Pa8¢ 13 B()urne Ei nd IBucliiiigliamshii-e) Communily Association Notes to the FinaiiciAI Statements for the Year Knded 31 J)eeember 2020 l Accollnting policies StAteillet)t of LompliiiiiLe The financial siatoments have been prtpared in a¢¢oi'dao¢e with AccoiiniiRg and Repoiting by Cliarities.. Statement of RecomJnet]ded Pi-acli¢¢ applicible to cliai'ities Pi-¢p￿1ryg their accoiiiils in accordancr with tlie Financial Reyortlllg Staiidard applicable in the Ut< and Repiiblic of ITeland IFRS 1021 (effcdive l Jaiiuaiy 2015) - (Charities SORP (FRS 1021), tjie Finaiicial Rcpoiling Standaid applicable in the UK and Rcpublic of treland (FRS 102) and tl)e Cl)ai'ities Act 2011. Bisis of preparation Boiirne F,nd (Buckinghamshire) col￿n￿nItY Associatioii meets tlie definilion of a piiblic benefit eiitity uiidei. FRS 102. Assets liabililies are initially retognised at Iiistoi'ical cost or ti31￿aCtioN vali1¢ unless otheiivise stated ill the relevaiit accouiiliiig policy notes. Exemption fi-om pi'epai'ing R casli lloiv statement The chai'ity opted to eai.ly adopt Bulletin I publislied on 2 Febivary 2016 aiid have therefoye not iiicluded a cash flow gtatcment in these fJiian¢ial statements. Goiiig conr.ei'n The trusteeb cortsidei. that there are no material uncertainties abolit the charity's ability to continue as a going coiicein. lthcome attd etidoivtnents vo1iint￿Y incoine inclu(IiAg donations, gifts, legacies and giants that provide col'e fullding oi. arE of a g¢neixl nawi'e is I"e¢ogiiised ivhen the charity lias entidejiient lo the income. it is pnbable that tlie incoine be I'eceived and tlie amount tail be measui'ed witii siiffi¢ieiit reljability. Donations aiid legaGies ale ircognised on a receivable basis when I'eceipt is probable and tlie amovnt can be Grnnts reeeivable Giant5 are J'¢GDgiiised when the cliai'ity lia5 an entitlement to the fiinds and any conditions linked to the ￿allts have beeli niet. WlIEI'e perfoi'iiiaiicc colid￿tionS Al'c Attaohcd lo the grant and are yet 10 be met, the ineonie is re¢4tsiiised as a liability and incliided on th¢ balaiice sliect as defeired in¢ome to be i'eleased. Defeiie(l iiicoRiie Delei-red iiicoinc represents ailloiints L'eceived for thture periods aiid is released to inGoniiE]g i'e5uuices iii tlie pei'iod foi. Ivhi¢h. it has been i'eceived. Intei&st is Itix)8iiised ot] at] ac¢ruals basis ￿ld incllided in the pei'iod iii wliicli it J'elateS to. Page 14 Boiirne E< nd (Biickinghams'hire) Community Association Notes to the fiinanci21 StaÉements foi. the Year Ended 31 December 1010 riJxp¢ndituYe All expenditure is recognised once there is a legal or ¢onstru¢tive obligation to Ihal expeiiditkllE, it is pi'obable scttlemeni is reqiiired and tlie amoiint can be iiieasiired reliably. All costs al'e allocated to tlie applicable expenditurc heading that aggregate similar cusis io 11)ai category. Wliere costs caiiiiot bc dii'ectly atlribiited to paylicular lieadings they lidve beeAi allucaled oji a ba5lS COllSlSteiit witli the iise of re5nuI-¢es, with ctiiti'al Staff cusls allocated oil the basis of (iiiie spciit, and dcprcciation cliai'ges allo¢ated on tlie portion ol the asset's use. Othei. suppoi'l cost5 are allot2ted based oti the 5pre*d of staff costs. Rftisiiigfiiiids rhese al'e costs incuj'ird attractirtg voluntary income, the mat)agenient of illveslments ai)d tliose ineurred in tradino activities tlial raise flind5. Cliurll￿bI£ llciliijijes Cliai'itable expenditure coinpi'isc.% t1105C COSt5 in¢ui-I'ed l)y Ilie chaTity in the delivery of ils activities aiid sejvices for its beneficiai'ies. It iiicludes botli costs tliat cali bt allocared diiECtly to such activities and Iljose cosis of all indirect I￿tLIrt necessaiy to SUPPOrt them. Support costs Suppoj't cost5 iii¢lude ¢enlral fiinclions aiid hav¢ been allocated to activity Cost eategoi'ies on & basis Consistent with the iise of resourc¢5. foi. example, staff costs by the time spent aiid othei. Costs by tlieir usage. Governanee eosts These iii¢lude the costs attribuiable to tlie Ch￿ity'S coinpliance ivith coiisiitutional and statuloiy reqiiirements. llcluding audit, sirategic tiianagement and trustees's meetlllgs and rein)bui'sed expense5. Government grstiits Goveriimciit grants alt Tecognised ivhen the eliai'iry has at) eiititlement to the funds atid aiiy condition5 liiil(ed to the g12ni% liave beell niet. Gmnls are classified as irlating either to reveniie oi. io assels. Gi'ants I'elatiiio to IEvellue air recogiiised in income over the period iii wliicli Ilie i'elaled costs are recoani5ed. (irants Yelatino to assets are recognised over ilie expected iisefiil life of tlie asset. Wljere part of a gi'ant ￿ latino to an asset is defeii'ed, it is i'ecognised a5 defeiyed incoii)e. T8Xkltion Tlic charity is considered to pass tlie tests set out in Pai?graph I S¢liedule 6 of tlie Finance A¢t 2010 and tlierefoi'e it meets tl)e defiiiiiioii of a cliarilable conipany foi. UK coi'poration lax i)uiya.qes. Accoi'dintsly. tlie cliariiy is putentially exe131Pt fioitt laxatioii iii ie5pe¢t of iiiconie ar cai)ital gains r¢¢eived ivitliii) c&ttuories coveied by Cliapler 3 Part I l of Ilic C.orpornlion Tax Act 2010 or Se¢lion 256 of Ilie Taxation of Cliai'geable Gains Act 1992, to the extent that 8Lich in¢oiMe or gains aiE applied exclusively to charitable yiiiposes. T#Jigible fixed assets Individual fixed assets costing £100.00 or iiiore al'e iiiitially Ircol￿ed at ¢o%t, less ally 5ub5equeni a¢ciiiniilated d¢pi'ecialioJi aiid siibsequuil accuinulated iini)aim)cnt losses. Depi'eciatioii iii(l Rtiioi'(i5Atioii Depitciation is provided tangible fixed assels $0 as Ic) wi'ile off Ilie c05t oi. valiiation, less any estiinated J'esidiial value, over Iljethk exp¢tled iisefiil econoiiiic life a% Follows.. Page 15 Ilourne Ei lld (Buckillgliamsliire) Cnmmiinity Assoeiation Notes to tlle FinanLial Statements for the Year Ei nded 31 December 2020 Asset cla55 Fixiuie, fittiiigs and eqiiipinent Leaseliold iiiii)IDven)¢nts Depj'eciation niethod gnd i'Ate 10.250/0 Straight line b2SiS 2_IOOh straiglil line basis 'I'tAde debtot'5 'riade dtbtoi"s Ai"e amounts diie from ¢iistoin¢rs for merchlndise sold oi. seiviees pei'formed in the ordinaiy eoiit'se of biisine55. TrAde debtors are recogt]ised initially at die Iransa¢tion pi"i¢e. Tliey air subscquently measui'ed at ailloitised cos* usiiiu tlie effeclive intei'est metliod, less piovisioii foi. ijiipairiiieiit. A provision for th¢ iinpaiimeiit of tt'ade debiois is establislied iyli•i tliei'e 15 objeclive ¢videiice thai ilie cl)ai'ity will rtoi he able to colle¢t all &nounts due according lo the oi'iginal tellM5 of tlie I'eceEvable5. Casli cash equivalellts Casli and ¢ash equivalcnts compris¢ cash oil liat]d aiid call deposits, aiid otlier shori-term higlily liquid investinents that are I'eadily convertible to a known ainoiint of cash alid arc subject to insignificant risk of ¢liange iti value. TJ'Ade ciEditors 'ri'ade ei'editors are obligations to pay for goods or services that liave beeii acquired i&1 the ordinary couyge of biisiness fi'om siipplie13. Accounts payable aiE classified as ¢iiritnl liabilities if the does not have all Iinconditional i'iglit, at the end of the repoiliiig period, lo defer 5ettleinei)t of the creditor for at least twelve months after the repuitiiig date. If there is an iiiiconditicjnal I'iglit to defer settlement for at least twelve iiiollths aftei. the Irwrling dale, they are presented ts noii-curi.ellt1sabilitie%. These al'e recoonised initially at the ti2nsa¢tion pri¢e aiid subsequently measuiEd at ainollised cost USlll8 tlie effe¢live iiiteie8t Inetliod. Boi'i'owiiL£S Iiilei't5t.bearirtg boriDwii188 are itsitiilly ￿cOrded at fair value, net of trAnsa¢iioii costs. lllteres¢-beariiig boi'rowings are subscqiiently cari'ied at aniorti%ed cost, witli tlie diffei'ejice between tlie pt'oceeds. iiet of ti'ansa¢11011 CQSts, aiid the ainount duc on rcdeinption beii)g recouiii5ed as a cl)arge to tlie State51)eiil ot Fiiiancial Activities aver the pei'iod of tlie i'elevaiii LK)I'l￿WIllts Interest expeitse is ¥ecognised on the basis of tlie effective interest metliod and is included in intei'e8t payable and siinilar charges. BoiYowin8s ait classified as curreiit liubilities uiiless the cliarity has ali uncoiiditional I'ighi tu def￿. settleineiit of tlie liability foi. at least twelve rnonths after tlie Irwrting date. Fiiiid 5triEctuie Uni'esli'icted incoine fiiiids are geiieTal fiinds tliat aye available for use at tlie trustees's discietion iii fiirtlieraiice nf Iht objeotives of the ¢h¢ll-ity. Restricted iiTrcome fuiids al'e those doiiated foi. use iii a pailicular ai'ea oi. for specific purposes, the use of which is reslricted to that aiEèI OI. PIII'P05e. Page 16 Bouvne End Olucliinghainshii'e) Corninunity Association Notes to the FiiianciAI Statements foi. the Yeai. El nded 31 December 2020 Pension.% an(1 otliey po%t retiyeincllt obligAtinns Tlie chai'ily opcrates a defined ¢onti'ibiition pe115ion s¢lieme wliicli is a pension plan under wliich fjked contribiitions are paid into a pension fund aiid tlie cliarity no legal oi. constl-Li¢live obligation to pay furtliei. Contributions evcn if the fund does not liold 5UtTiciei)t assets to pay all einployees the benefits Irlatlll8 to employee service in the cui'ient and prior pei'iods. Contributions to defiiied contribution plaiis are LEcogiJised in tlie Statement of Financial A¢tivities ivhen tliey are due. If conti'ibutioii paynient5 exceed tlie contribiitioii due for service, tlie excess is recogiiised as a prepaymeJiL 2 Incon)e fyoni donations And legaeits Uni'esti'icteil fuii¢J% Genei'al Restrieted funds TotAI funds Dojvdtioiis and legacies. Donatioits fToni individuals Grants, incliiding capital grants,. Goverllineiit graiitS Graiits from parish council Individu￿ subscriptions and affjliation fees 468 468 11,334 17,636 10,000 28.970 io,ooo 1,462 1,462 TotAI for 2020 53,264 27,636 40,900 Totfil foi. 2019 2,895 2,895 Uiii-e5ti'icted Restiicted fvnds TotAI fuiids GeneYAI Ri)om IJiiE Target Inagaziii¢ Events 22,545 17,550 1,980 22.545 20.481 1,980 2.931 Total for 2020 42,075 2,931 45,006 TotAI foy 2019 144,018 3,141 147,159 Page 17 Bourne Ei lid (Buekinghamshire) Comniiinity Association Notes lo the Fiiiailcial Statenients for Ilie Year Eilded 31 Deceinbei. 2020 4 Iiivestinetit IEicoine lJni'e.%ti'icted funds G¢n¢i'al fuiids Interest I"e¢eivable and similai. in¢ome,' ItiteiE5t receivable on ban1( deposits 1,152 1,152 Total foy 2020 1.152 1,152 Total for 2019 717 717 5 Otliei. income Unre5ti'icted fuÈids Tot21 funds Solai. partel geii*-ated incoiiie 4,945 4,945 Totftl for 202 4,945 4,945 Totsl for 2019 4,212 4,212 6 Expeiiditui'e oil i'aislng funds Otliei. eost5 0fg¥neixtiEig doiiitioiis aiid legaeies Uiii'csti'icted 'rotal fiinds Note Wages and sfilai'ies Social security Costs Pension costs 5,078 232 80 5,078 232 80 -I'otal foi. 2020 5,390 5,390 I'otxl for 2019 5,583 5,583 Page 18 Bourne Eiid (Biicliingliamsllire) Comniuiiity Assoeiation P4otes to tlie Financial Statemeiit5 fny the Year Ended 31 December 2020 7 Expendttui'e oil chAritable Activities Unrcstj'itted funds General Total fullds Note Rooin hire Tai'get maBaLine Event Depreciation, aiiioitisation and oiher similai. cost8 Staff costs Allocated siipport eosts Govel'nance costs 27,118 22.944 1,384 9,207 27,118 22,944 1.384 9,207 26,953 6,332 11,615 6,332 11,615 Total for 2020 105,553 105,553 Total fov 2019 136,000 136,000 Page 19 Boui'ne End {BuLlciIighamsliii-e) C'ommuiiity Association Notes to the Financial Statements for the Yeai. En(led 3J Deceniher 2020 8 AnalysÉs of govei'nillce #nd support eosts Support eo$t5 allocated to I'aisiijg funds Otliei. siippoi't costs Total fuiids Stxff costs Ba515 of #lloci*Èoii Subs¢ription 5,390 5,390 Total fTrr 2020 5,390 5.390 Total fot. 2019 5,254 3,620 8,874 Suppoi't costs allocated to cli21'itable aetivities Pi'eniises Costs Adiniiiisti'ation iTicluiliiig costs depi'eciation Ttstal fun(Is Staff costs BH5is of xllocili(Jn 400/0 Rooill Ftire Tai'get Ina8azine Events 16,586 2,074 8,293 4.135 2.188 22,909 2.074 8,302 200/0 TotAI foi. 2020 4.144 2,188 33,285 Tot&1 foi. 2019 27,913 5,172 1,587 34,672 Support costs alloc#tcd lo othei. expellditui-e Othei. suppoi cost5 Total Stfilf costs Basis 01911ocation 224/ Governance 9.123 9,123 Tot&1 foi. 2020 9,123 9.123 Tot*1 foi. 2019 9.447 1,229 10,676 BAsis of Alloealioji Refereoee Mttli(bd of Allocatioji Eniployitteiit Cos￿. liave beeii allo¢ated by Ilie Hoiioi2iy TIEasuiri' on die basis of tiine spent. Adininisttmtion ¢osts Adlminstt•ti￿l costs have been allocated by wheit Costs atti'ibuted. Staff L051s Paèe 20 Boui'ne End (Buckinghamshire) Cummullity Assoeiatioll Notes to the Fiiiancial Stateinent5 fo). the Year Elided 31 Deceinbei. 2020 CN0VertJ￿￿ct eosts Ulli'e*ti'icted TotAI funds Genei*l Slaffcosts Wages and sftlaries Social security costs Pension costs Independent cxaininer fee5 Examination of tlie fijjaiicial statements Other fee8 paid to exaniiners L,egal fee% Other tsovernance costs 8,594 393 136 8.5911 393 136 500 749 500 749 1,175 68 1.175 68 Toti21 fot. 2020 TOÉAI foi. 2019 11,452 1,452 9 Net incomingloutgoTrtg I'esources Net {outgoingyin¢on)ing resoui'ces for the yeai. iiicliide.. 2020 2019 Depreciation of fixed assets 9.207 13,233 IO Trustees i'eiiiunei'Ation aijd expe115es No Iiwste¢s, Jioi. aiiy persons connected with tl)em, have received aiiy rertiiinei'atioii from the charity dui'it)g t]ie yeai.. No trustees have received aiiy iriiMbuistd expeiises any oilier bellefjts froni tlie cliarity diii'ing tlie yeai.. II StAff costs 'riie a(rtsTegate payroll costs were as follows.. 2020 2019 St&lf c05t5 dui'ing the ytAI' wei'e- Wages aiid salarie5 Social sccui'ity costs Pensioll costs 39,059 1,788 019 39,859 554 41,466 40,413 Page21 Boui'ne En(1 (Buckinghamshire) Commullity Association Notes to the FiiTrancial Statements fol. the YeAr Ei nded 31 December 2020 The iiiotttlily average number of persons (including senior management team) employed by the clia'ity duriiig 2020 No 2019 No Adininistration Na employee received enioliimenls of moir than £60,000 during the yeai. 12 Indepeiident exaniinei. 5 remunei'filio 20211 2019 F.xatnination of the financial stateillent5 500 526 Oth¢i' fees to eixii)iner5 All otlier seivices 749 250 13 7'Ax8tion Tli¢ cliarity is a registered charity and is tlierefore exempt from laxatioii. 14 Taaigible fjxed assets Land and Ftsi'niture and equipment Totxl Cost At l Jaiiiiasy 2020 Addiliorts 147,842 177.753 4,331 325.595 4,331 At 31 De¢en)bei' 2020 147,842 182,084 329,926 Depreti#tioJi At l Janiiaiy 2Q2Q Chai'gt foi. the yeai. 106,998 2,Q38 155,968 7.169 262,966 9.207 At 3 1 Decen)bet 2020 109,036 163,137 272,173 Ntt l)ook VHIu¢ At 31 Deceiiibei. 2020 38,806 57,753 At 31 Deceniber 2019 40,844 21,785 62.629 Iiicluded iviiliin tlie net book value ot land aiid buildinas above is £Nil (2019 - £Nill in J'espect of fi'eeliold laiid aiid buildings ￿ld £38,80612019 £40,$441 in i'espect of leaseliolds. Page 22 Bourne Ei nil (Biielhi)-e) Community Assoeiatioll Detailed Statement of Fiiiancial Activities fo). the Yeai. Ended 31 Decembei. 2020 Li¢ences & affiliation fe¢s Iiidepedent examination 3,362 1,249 101.736 2,816 776 131,640 Depreciation linproveinents to leasel)old buildings Fixtures & fittings 2,038 7,169 2,230 11,004 9,207 13.234 Excess of incoTne over expenditure 118,9401 10,109 This page does iiol torin pal't of tlie Slakniloiy fiiiaiicEal stateiiieiits. Paue 27