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2021-12-31-accounts

TYE GREEN COMMUNITY AND LEISURE ASSOCIATION FINANCIAL STATEMENTS Period ending 31st December 2021

Prepared by:

G Felstead 3 Cherry Gardens Sawbridgeworth Herts CM21 9DW Tel: 01279 721549

TYE GREEN COMMUNITY AND LEISURE ASSOCIATION

Information

Twelve months ended 31st December 2021

Charity Registered no: 301331
Legal Status: The Charity is established by Constitution

TRUSTEES:

Mrs Marilyn Pearce Mrs Penny Taylor Mrs Jan Clarke Ms Louisa Smith Ms Christine Whelan Mrs Betty Turner

PRINCIPAL ADDRESS: Tilegate Road
Bush Fair
Harlow
Essex
CM18 6LU
INDEPENDENT EXAMINER: Miss G Felstead
3 Cherry Gardens
Sawbridgeworth
Herts
CM21 9DW

TYE GREEN COMMUNITY AND LEISURE ASSOCIATION

Trustees Responsibilities

Twelve months ended 31st December 2021

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that year.

In preparing those financial statements the trustees are required to:

a) Select suitable accounting policies and then apply them consistently.

b) Make judgements and estimates that are reasonable and prudent.

c) State whether the policies adopted are in accordance with SORP and with applicable accounting standards, subject to and material departures disclosed and explained in the financial statements.

The trustees are responsible for keeping proper accounting records which disclose with responsible accuracy at any time the financial position of the Charity and to enable them to ensure the financial statements comply with the Charities Act. They are also responsible for safeguarding the asset of the Charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

Signed on behalf of the trustees:

Mrs B Turner

Date:

29/09/2022

TYE GREEN COMMUNITY AND LEISURE ASSOCIATION

Twelve months ended 31st December 2021

The Trustees submit their annual report and financial statements for the year ended 31st December 2021.

Objectives of the Charity

The Charity is responsible for providing community and leisure facilities based at the Tye Green Community Centre, Bush Fair, Harlow, Essex.

Review of the year

Tye Green Community Centre like similar venues up and down the country was directly affected by the global pandemic with regards to it's ability to open and function for it's intended purpose, and

subsequently lost it's sources of income overnight. As we begin to move forward from the restrictions imposed countrywide, we have been able to resume regular activities and start to build the Tye Green Community Centre back up to the community hub that it was pre-covid.

Tye Green was eligible for and received just over £30,000.00 in Covid 19 Grants, and around £1,800.00 of this was used for the wellbeing of the staff.

Income for the Centre fell from Lettings in 2020 to 2021 by around £12,000.00, and fee paying playgroup income also fell by around £2,600.00 for the same period. The lettings figure is quite a substantial drop considering the Lettings in 2020 covered only a 6 month period either side of the enforced Covid 'lockdowns'.

Expenditure for the hall stayed at around the same level as 2020, with slight reductions in Stationery, Computers, Telephone, Repairs and Renewals and Rates which would all be expected after a period of closure. There was an increase in Miscellaneous (Staff wellbeing as mentioned above) as well as increases in insurance, training, security, light and heat, cleaning and caretaker wages and office salaries. Overall expenditure was reduced by £3,555.33 year on year

Results

The staff at Tye Green Community Centre have done a fantastic job to get the Centre back up and moving towards a pre pandemic community hub. Return to 'normality' will be a slow process with small clubs and businesses affected and therefore some not returning as quickly or for as many hours as before. We are hoping however that the upwards trend continues into 2022, where we can build on the progress made in 2021.

We would like it to go on record that we want to sincerely thank all the staff for their continued support throughout these tricky times.

TYE GREEN COMMUNITY AND LEISURE ASSOCIATION

Independent Examiners Report to the trustees of Tye Green Community and Leisure Association

I report on the accounts of the Trust for the year ended 31st December 2021, which are set out on pages 6 and 7.

Respective responsibilities of Trustees and examiners.

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiners report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts

present a 'true and fair view' and the report is limited to those matters set out in the statement

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

G Felstead 7th September 2022 3 Cherry Gardens Sawbridgeworth Herts CM21 9DW

TYE GREEN COMMUNITY AND LEISURE ASSOCIATION

Balance Sheet

As at end of Dec '21 As at end of Dec '20

ASSETS

Fixed Assets

Current Assets

Other Indirect Costs
Bank/Cash
Current
Barclays
Current Assets
TOTAL ASSETS
LIABILITIES
Less: Current Liabilities
Creditors
Accrued Creditors
Current Liabilities
TOTAL LIABILITIES
TOTAL CURRENT ASSETS
Capital
Opening Balance
Net Profit (Loss)
CAPITAL EMPLOYED
Less Drawings		 60,378
-		 59,003
-
60,378 59,003
60,378 59,003
- -
59,004
1,374		 73,715
14,711
-
- -
60,378 59,003
60,378 59,004
60,378 59,004

TYE GREEN COMMUNITY AND LEISURE ASSOCIATION Income & Expenditure

Jan '21 to Dec '21
INCOME
Lettings
13,543.95
Playgroups
4,207.50
Covid Grants
30,325.69
Hall Hire
1,585.30
Bank interest received
-
Total Income
DIRECT COSTS
Playgroup Expenses
1,599.19
Playgroup Salaries
31,468.28
Building Projects
-
Total Direct Costs
GROSS PROFIT (LOSS)
OTHER INCOME
Council Funding (Ofsted)
34,204.80
Total Other income
OVERHEADS
Accountancy
550.00
Insurance
1,681.86
Training
761.88
Stationery/Printing
614.38
Cleaning
703.79
Rates
1,169.36
Bank Charges
189.96
Telephone
1,144.76
Security
1,240.80
Repairs/Renewals
2,359.85
Miscellaneous
2,078.15
Cleaning/Caretaker Wages
8,582.23
Office Salaries
21,780.38
Light & Heat
1,946.39
Waste
1,985.67
Computer
635.82
Rent/Legal Fees
2,000.00
Total Overheads
TOTAL OPERATING COSTS
EXCESS (DEFICIT) OF INCOME OVER EXPENDITURE
33,067.47
49,662.44
16,594.97
34,204.80
50,799.77
49,425.28
1,374.49
49,425.28		 Jan '20 to Dec '20
25,344.97
6,841.00
-
202.00
-
3,221.10
28,731.72
-
37,834.14
32,387.97
31,952.82
435.15
37,834.14
38,269.29
587.50
1,580.74
150.00
1,204.15
2,236.49
2,998.00
203.55
1,700.93
1,152.47
4,645.07
633.32
6,689.62
20,977.39
1,838.00
1,984.94
2,398.44
2,000.00
52,980.61
52,980.61
14,711.32
-