2021-03-31-accounts - Tilbury Community Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		2021	2020
Gross income ofcontinuing	operations	156,806	566,154
Total expenditure ofcontinuing operations		254,599	654,355
Net income/(expenditure)	for the year
before investment asset disposals		( 97,793)	( 88,201)
(Loss)/gain on disposal of	fixed assets disposals
Net income/(expenditure)	for the year	( 97,793)	( 88,201)

				Note	Note	Unrestricted	Total	Total
						funds	2021	2020
Incoming Resources
Members subscriptions							7,988	17,210
Interest on investments
Club activities							327	4,685
Other income							39,924	3,288
Sporting section activities							762	41,957
Gross income	oftrading	subsidiary					107,805	499,014
Total income	resources						156,806	566,154
Resources expended
Club activities	management			and administration	of	charity
Costs oftrading subsidiary			(fund				142,484	492,413
Club activities	costs						3,817	14,856
Administration	costs						18,339	20,687
Establishment	costs						89,959	122,948
Finance costs
Miscellaneous	costs				10			3,451
Total resources expended							254,599	654,355
Net incoming/(outgoing)		resources					(97,793)	(88,201)
Gains/(losses)	on investment		assets
Net movement	in funds						(97,793)	(88,201)
Fund balances	brought	forward		at 1 April 2020			1,205,175	1,293,376
Fund balances	carried forward			at 31March 2021			1,107,382	1,205,175

					2021	2020
Premises	and	buildings	(on	cost)	2	2
Furniture	and	equipment			20	20

The Charity has	The Charity has	one wholly	one wholly	owned trading	owned trading	subsidiary,	subsidiary,	which is incorporated in the U.K,	which is incorporated in the U.K,	which is incorporated in the U.K,
Tilbury Community			Trading	Company	Limited operates Licensed				Bars and catering	facilities.
A summary of	its trading results is shown					below.	Accounts have		been filed with the	Registrar
ofCompanies.
Profit and loss account									2021	2020
Turnover									102,111	495,736
Cost ofsales									101,459	413,404
Gross profit									652	82 332
Add: Other operating		income							5,694	3,278
									6,346	85,610
Deduct: Administration			costs						41,025	100,509
Net profit before tax								(	34,679) (	14,899)
Taxation										764
Net profit in year								(	34679) (	14,135)
Amount covenanted	to Tilbury Community				Association
Retained in subsidiary									(34,679)	(14,135)

Performing rights and other licences	1,171	1,622
Insurance	2,165	2,128
Wages and NIC		10,505
Depreciation offixtures	481	601
	3,817	14,856

Analysis	ofadministrative	costs (TCA)	2021	2020
Accountancy and audit			2,785	2,988
General	expenses		229	711
Printing,	postage, stationary	and computer costs	7,862	8,851
Telephone			3,454	4,226
Cleaning	and laundry		3,384	3,911
Travel costs			625
Wages,	NIC and staff training
			18,339	20,687

Analysis ofestablishment	costs	(TCA)	(TCA)
Legal and professional				91
Depreciation ofcomputers,	fixtures etc			3,255	4,068
Amortisation ofbuilding				40,301	40,301
Wages and NIC				2,678	7,508
General rates and water and	drainage		rates	123	5,515
Ground rent				750	750
Insurances				2,165	2,128
Light, heat and power				27,330	38,099
Hire ofequipment				2,139	11,431
Loss on disposal offixed assets
Repairs, alterations, replacements		etc		11,127	13,148
				89,959	122,948

13	Debtors and payments
Trade	debtors	3	3
Other	debtors	18,013	12,982
		18,016	12,985
14	Cash and bank balances (group)
Premium business account		99,528	122,968
Current account		73,359	71,684
Cash	in hand	22,257	29,243
		195,144	223,895
15	Creditors (group)
Other	creditors	1,115	2,018
Trade	crediors	2,816	9,472
Corproate taxes (deferred)		7,623	6,859
Other	taxes and social security	1,869	122
Accruals and deferred income		4,915	5,892
		18,338	24,363