```
REGISTERED CHARITY NUMBER: 301438
```
## **`TRUSTEES' REPORT AND`**
```
AUDITED FINANCIAL STATEMENTS
```
```
FOR THE YEAR ENDED 31 MARCH 2021
```
```
FOR
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`**
|||**`Page`**||
|---|---|---|---|
|**`Trustees' Report`**|`1`|`to`|`3`|
|**`Report of the Independent Auditors`**|`4`|`to`|`6`|
|**`Statement of Financial Activities`**||`7`||
|**`Balance Sheet`**||`8`||
|**`Notes to the Financial Statements`**|`9`|`to`|`14`|
|**`Detailed Statement of Financial Activities`**|`15`|`to`|`16`|
```
WITHAM COMMUNITY ASSOCIATION
```
```
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
```
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2021. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
```
The objects of the charity are:
```
```
"TopromotethebenefitofinhabitantsofWithaminparticularandthewiderareaofEssexingeneral(hereand after
called"areaofbenefit")withoutdistinctionofsexorpolitical,religiousorotheropinionsbyassociatingwith local
authorities,voluntaryorganisationandinhabitantsacommonefforttoadvanceeducationandtoprovidefacilitiesin the
interestofsocialwelfareforrecreationandleisuretimeoccupationwiththeobjectofimprovingtheconditionsoflife for
the said inhabitants".
```
```
"Toestablishorsecuretheestablishmentofacommunitycentre(hereandaftercalledthe"centre")andtomaintain and
manage,ortoco-operatewithanylocalstatutoryauthorityinmaintenanceandmanagementofsuchacentre for
activities promoted by association and its constituent bodies in furtherance of the above objects."
```
```
"To promote such other charitable purposes as made from time to time be determined."
```
```
In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
```
Themainareasofcharitableactivityaretheprovisionofpre-schoolfacilitiesforchildrenandthesupportof community
activities.
```
```
Themainachievementduringtheyear,despitetheongoingimpactoftheCoronaviruspandemic,hasbeento maintain
the activities carried out at the Community Centre.
```
## **`FINANCIAL REVIEW`**
## **`Financial position and performance`**
```
Themanagementcommitteearecontinuingtoseektoreducecostsandmaximiseincome.Theaccountsshowa surplus
for the year of £12,943 (2020: 791).
```
```
The trustees report that the charity has a surplus of funds of £19,828 (2020: £6,885).
```
```
TheresultsoftheCharity'stradingsubsidiaryarerecordedinnote8ofthesefinancialstatementswhichindicate that
subsidiaryundertakinghasabalancesheetdeficit.Astheresultofthe3nationallockdownsimposedduring2020 and
2021,thetradingsubsidiarywasnotabletotradeforthemajorityoftheyear.Thetrusteesarehopefulthat subsidiary
undertaking's deficit position will be rectified in the coming years.
```
## **`Reserves policy`**
```
Themanagementcommittee'saimsaretobuildreservesuptomaintainsufficientliquidbalancetocover6 months
unrestricted expenditure.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
```
## **`Recruitment and appointment of new trustees`**
```
Themanagementcommitteeareappointedatanannualgeneralmeetingtogetherwithhonoraryofficersforthe positions
of Chairman and Treasurer.
```
## **`Organisational structure`**
```
The policy and general management of the affairs of the charity is the responsibility of the management committee.
```
```
Page 1
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
```
```
Thetrusteesareexaminingthemajorstrategicbusinessandoperationalriskswhichtheircharityfacessothat the
necessary steps to mitigate these risks are taken.
```
## **`Coronavirus Pandemic`**
```
TheCovid-19pandemichaspresentedaunique,unprecedentedanduncertainrisktotheservices,operations, and
financesoftheCharity.Servicedeliveryandstaffingarrangementswererapidlyadaptedtoenableustofulfilour mission
tothebestofourabilityduringthecrisis,whileprotectingthecharity'sfinancialpositionanditsabilitytorecover when
thesituationimproved.TheCharitywasabletoutilisethefurloughschemeandsecuredaGovernmentsupported Bounce
Backloan.Thetrusteeswillcontinueintensivemonitoringandactionplanningtorespondtochanging circumstances
resulting from Covid-19 for as long as is necessary during 2021/22 and beyond.
```
```
TheTrusteesaresatisfiedthattheaboverisksarebeingconsistentlyandeffectivelymanagedandmitigatedand consider
thattheresultantriskprofileisacceptableandappropriateinrelationtotheCharity'sobjectivesandresponsibilities. The
natureoftheserviceswhichtheCharityprovidestoserviceusers,andtheenvironmentwithinwhichthecharity operates,
meanthatwewillinevitablyfacerisksduetofactorsbeyondourcontrol.Wearewillingtotoleratehigherrisksif they
can be justified by the potential benefits for children and other service users.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
301438
```
## **`Principal address`**
```
Powers Hall End
Witham
Essex
CM8 2HE
```
## **`Trustees`**
```
T A Voice
P Ellis
D Jenkins
```
## **`Auditors`**
```
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
```
## **`Bankers`**
```
Lloyds TSB
77-81 High street
Chelmsford
Essex
CM1 1DU
```
## **`PLANS FOR FUTURE PERIODS`**
```
Thecharityplanscontinuingtheactivitiesoutlinedaboveintheforthcomingyearssubjecttosatisfactoryfunding. The
charity will also focus on rebuilding activity post Covid-19.
```
## **`TRUSTEES' RESPONSIBILITY STATEMENT`**
```
ThetrusteesareresponsibleforpreparingtheTrustees'Reportandthefinancialstatementsinaccordancewith applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
Page 2
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021`**
## **`TRUSTEES' RESPONSIBILITY STATEMENT - continued`**
```
ThelawapplicabletocharitiesinEnglandandWales,theCharitiesAct2011,Charity(AccountsandReports) Regulations
2008andtheprovisionsofthetrustdeedrequiresthetrusteestopreparefinancialstatementsforeachfinancial year
whichgiveatrueandfairviewofthestateofaffairsofthecharityandoftheincomingresourcesandapplication of
resources,includingtheincomeandexpenditure,ofthecharityforthatperiod.Inpreparingthosefinancial statements,
the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatany time
thefinancialpositionofthecharityandtoenablethemtoensurethatthefinancialstatementscomplywiththe Charities
Act2011,theCharity(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed.Theyare also
responsibleforsafeguardingtheassetsofthecharityandhencefortakingreasonablestepsfortheprevention and
detection of fraud and other irregularities.
```
```
Approved by order of the board of trustees on 14 January 2022 and signed on its behalf by:
```
```
T A Voice - Trustee
```
```
Page 3
```
```
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WITHAM COMMUNITY ASSOCIATION
```
## **`Opinion`**
```
WehaveauditedthefinancialstatementsofWithamCommunityAssociation(the'charity')fortheyear ended
31March2021whichcomprisetheStatementofFinancialActivities,theBalanceSheetandnotestothe financial
statements,includingasummaryofsignificantaccountingpolicies.Thefinancialreportingframeworkthathas been
appliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards(UnitedKingdom Generally
Accepted Accounting Practice).
```
```
In our opinion the financial statements:
```
- `give a true and fair view of the state of the charity's affairs as at 31 March 2021 and of its incoming resources and application of resources, for the year then ended;`
- `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and`
- `have been prepared in accordance with the requirements of the Charities Act 2011.`
## **`Basis for opinion`**
```
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicablelaw. Our
responsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditofthe financial
statementssectionofourreport.Weareindependentofthecharityinaccordancewiththeethicalrequirementsthat are
relevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthicalStandard,andwehavefulfilled our
otherethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethattheauditevidencewehave obtained
is sufficient and appropriate to provide a basis for our opinion.
```
## **`Conclusions relating to going concern`**
```
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisofaccounting in
the preparation of the financial statements is appropriate.
```
```
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoeventsor conditions
that,individuallyorcollectively,maycastsignificantdoubtonthecharity'sabilitytocontinueasagoingconcernfor a
period of at least twelve months from when the financial statements are authorised for issue.
```
```
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant
sections of this report.
```
## **`Other information`**
```
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincludedin the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
```
```
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextentotherwise explicitly
stated in our report, we do not express any form of assurance conclusion thereon.
```
```
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,in doing
so,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorour knowledge
obtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuchmaterialinconsistencies or
apparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesrisetoamaterialmisstatementin the
financialstatementsthemselves.If,basedontheworkwehaveperformed,weconcludethatthereisa material
misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
```
## **`Matters on which we are required to report by exception`**
```
WehavenothingtoreportinrespectofthefollowingmatterswheretheCharities(AccountsandReports) Regulations
2008 requires us to report to you if, in our opinion:
```
- `the information given in the trustees Report is inconsistent in any material respect with the financial statements; or`
- `sufficient accounting records have not been kept; or`
- `the financial statements are not in agreement with the accounting records and returns; or`
- `we have not received all the information and explanations we require for our audit.`
## **`Responsibilities of trustees`**
```
AsexplainedmorefullyintheTrustees'ResponsibilitiesStatement,thetrusteesareresponsibleforthepreparationof the
financialstatementswhichgiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermineis necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
```
```
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharity'sabilitytocontinueasa going
concern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisof accounting
unlessthetrusteeseitherintendtoliquidatethecharityortoceaseoperations,orhavenorealisticalternativebutto do
so.
```
```
Page 4
```
```
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WITHAM COMMUNITY ASSOCIATION
```
## **`Our responsibilities for the audit of the financial statements`**
```
WehavebeenappointedasauditorsunderSection144oftheCharitiesAct2011andreportinaccordancewiththe Act
and relevant regulations made or having effect thereunder.
```
```
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthatincludes our
opinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconductedin accordance
withISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerror and
areconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencethe economic
decisions of users taken on the basis of these financial statements.
```
```
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
```
## **`The extent to which the audit was considered capable of detecting irregularities including fraud`**
```
Ourapproachtoidentifyingandassessingtherisksofmaterialmisstatementinrespectofirregularities,including fraud
and non-compliance with laws and regulations, was as follows:
```
```
-theengagementpartnerensuredthattheengagementteamcollectivelyhadtheappropriatecompetence, capabilities
and skills to identify or recognise non-compliance with applicable laws and regulations;
-weidentifiedthelawsandregulationsapplicabletotheCharitythroughdiscussionswithtrusteesand other
management, and from our knowledge and experience of the sector in which the Charity operates;
```
```
-wefocusedonspecificlawsandregulationswhichweconsideredmayhaveadirectmaterialeffectonthe financial
statementsortheoperationsoftheCharity,CharitiesActandSORPrequirements,GeneralDataProtection Regulations
(GDPR), Safeguarding, Employment and Health and Safety legislation.
```
```
-weassessedtheextentofcompliancewiththelawsandregulationsidentifiedabovethroughmakingenquiries of
management and inspecting legal correspondence; and
```
```
-identifiedlawsandregulationswerecommunicatedwithintheauditteamregularlyandtheteamremainedalert to
instances of non-compliance throughout the audit.
```
```
WeassessedthesusceptibilityoftheCharity'sfinancialstatementstomaterialmisstatement,includingobtaining an
understanding of how fraud might occur, by:
```
```
-makingenquiriesofmanagementastowheretheyconsideredtherewassusceptibilitytofraud,theirknowledge of
actual, suspected and alleged fraud; and
```
```
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
```
```
To address the risk of fraud through management bias and override of controls, we:
```
```
- performed analytical procedures to identify any unusual or unexpected relationships;
```
```
- tested journal entries to identify unusual transactions;
```
```
-assessedwhetherjudgementsandassumptionsmadeindeterminingtheaccountingestimateswereindicative of
potential bias; and
```
```
- investigated the rationale behind significant or unusual transactions.
```
```
Inresponsetotheriskofirregularitiesandnon-compliancewithlawsandregulations,wedesignedprocedures which
included, but were not limited to:
```
```
- agreeing financial statement disclosures to underlying supporting documentation;
```
```
- enquiring of management as to actual and potential litigation and claims; and
```
```
- reviewing correspondence with the Charities Commission and any other relevant regulators as required.
```
```
Thereareinherentlimitationsinourauditproceduresdescribedabove.Themoreremovedthatlawsandregulations are
fromfinancialtransactions,thelesslikelyitisthatwewouldbecomeawareofnon-compliance.Auditingstandards also
limittheauditproceduresrequiredtoidentifynon-compliancewithlawsandregulationstoenquiryofthetrustees and
other management and the inspection of regulatory and legal correspondence, if any.
```
```
Materialmisstatementsthatariseduetofraudcanbehardertodetectthanthosethatarisefromerrorasthey may
involve deliberate concealment or collusion.
```
```
AfurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedontheFinancial Reporting
Council'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportofthe Independent
Auditors.
```
```
Page 5
```
```
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WITHAM COMMUNITY ASSOCIATION
```
## **`Use of our report`**
```
Thisreportismadesolelytothecharity'strustees,asabody,inaccordancewithPart4oftheCharities(Accounts and
Reports)Regulations2008.Ourauditworkhasbeenundertakensothatwemightstatetothecharity'strustees those
matterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.Tothefullestextent permitted
bylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecharityandthecharity'strusteesasa body,
for our audit work, for this report, or for the opinions we have formed.
```
```
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
```
```
14 January 2022
```
```
Page 6
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Other charitable activities`
`2`
`Other income`
`3`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Generating funds`
`Charitable Activities`
`Governance`
**`Total`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|**`2021`**
**`Unrestricted`**
**`funds`**
**`£`**
**`556`**
**`121,167`**
**`88,730`**
**`210,453`**
**`45,703`**
**`38`**
**`143,221`**
**`8,548`**
**`197,510`**
**`12,943`**
**`6,885`**
**`19,828`**|`2020`
`Total`
`funds`
`£`
`2,684`
`215,415`
`-`|
|---|---|---|
|||`218,099`
`69,598`
`-`
`138,497`
`9,213`|
|||`217,308`|
|||`791`
`6,094`|
|||`6,885`|
```
The notes form part of these financial statements
```
```
Page 7
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`BALANCE SHEET 31 MARCH 2021`**
|**`U`**
`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`Investments`
`8`
**`CURRENT ASSETS`**
`Stocks`
`9`
`Debtors`
`10`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`11`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`12`
**`NET ASSETS/(LIABILITIES)`**
**`FUNDS`**
`14`
`Unrestricted funds`
**`TOTAL FUNDS`**|**`2021`**
**`nrestricted`**
**`funds`**
**`£`**
**`7,090`**
**`1`**
**`7,091`**
**`938`**
**`26,168`**
**`58,107`**
**`85,213`**
**`(24,143)`**
**`61,070`**
**`68,161`**
**`(48,333)`**
**`19,828`**
**`19,828`**
**`19,828`**|`2020`
`Total`
`funds`
`£`
`8,597`
`1`
`8,598`
`938`
`16,226`
`3,841`
`21,005`
`(22,718)`
`(1,713)`
`6,885`
`-`
`6,885`
`6,885`
`6,885`|
|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon14January2022and were
signed on its behalf by:
```
```
T A Voice - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements and going concern`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharities Act
2011.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.
```
```
Thesefinancialstatementsarepreparedonthegoingconcernbasis,whichassumestheabilityofthecharity to
continueitscharitableactivitiesfortheforeseeablefuture,beingaperiodofnotlessthantwelvemonthsfrom the
approval of these accounts.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharityhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthesefinancialstatements, as
permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Incoming resources`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Resources expended`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
```
Equipment and fixtures and fittings- 25% on reducing balance
Bar equipment and fittings- 10% on cost
```
## **`Stocks`**
```
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsoleteand slow
moving items.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
```
## **`Hire purchase and leasing commitments`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis
over the period of the lease.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
```
## **`Government grants`**
```
Government grants are accounted for on a receivable basis.
```
```
continued...
```
```
Page 9
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
## **`2. OTHER CHARITABLE ACTIVITIES`**
|`Hall hire`
`Pool table`
`Vending machines`
`Fruit machines`
`Children's activities`
`Social events`
`Sundry income`
`Affiliation and membership fee`
`Rents received from Spring Lodge Centre`
`Limited`
**`OTHER INCOME`**
`Government grants`|**`2021`**
**`Unrestricted`**
**`funds`**
**`£`**
**`33,524`**
**`-`**
**`18`**
**`-`**
**`82,384`**
**`-`**
**`5,241`**
**`-`**
**`-`**
**`121,167`**
**`2021`**
**`Unrestricted`**
**`funds`**
**`£`**
**`88,730`**|`2020`
`Total`
`funds`
`£`
`88,131`
`33`
`888`
`368`
`106,181`
`619`
`13,629`
`1,406`
`4,160`|
|---|---|---|
|||`215,415`|
|||`2020`
`Total`
`funds`
`£`
`-`|
## **`3. OTHER INCOME`**
```
Other income relates to Coronavirus Job Retention Scheme (CJRS) and other Covid related grants.
```
## **`4. AUDITORS' REMUNERATION`**
|`Fees payable to the charity's auditors for the audit of the charity's financial`
`statements`
`Other non-audit services`
`Total fees payable`|**`2021`**
`2020`
**`£`**
`£`
**`2,500`**
`2,500`
**`1,500`**
`1,800`
**`4,000`**
`4,300`|**`2021`**
`2020`
**`£`**
`£`
**`2,500`**
`2,500`
**`1,500`**
`1,800`
**`4,000`**
`4,300`|
|---|---|---|
|||`1,800`|
|||`4,300`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021norfortheyear ended
31 March 2020.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
```
```
continued...
```
```
Page 10
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
```
## **`6. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
|`Total staff`
`No employees received emoluments in excess of £60,000.`
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 April 2020`
`Additions`
`At 31 March 2021`
**`DEPRECIATION`**
`At 1 April 2020`
`Charge for year`
`At 31 March 2021`
**`NET BOOK VALUE`**
`At 31 March 2021`
`At 31 March 2020`
**`8.`**
**`FIXED ASSET INVESTMENTS`**
**`MARKET VALUE`**
`At 1 April 2020 and 31 March 2021`
**`NET BOOK VALUE`**
`At 31 March 2021`
`At 31 March 2020`|`Equipment`
`and`
`fixtures`
`and`
`fittings`
`£`
**`125,801`**
**`869`**
**`126,670`**
**`117,273`**
**`2,349`**
**`119,622`**
**`7,048`**
`8,528`|**`2021`**
**`12`**
`Bar`
`equipment`
`and`
`fittings`
`£`
**`30,251`**
**`-`**
**`30,251`**
**`30,182`**
**`27`**
**`30,209`**
**`42`**
`69`
`I`|`2020`
`16`
`Totals`
`£`
**`156,052`**
**`869`**
**`156,921`**
**`147,455`**
**`2,376`**
**`149,831`**
**`7,090`**
`8,597`
`nvestments`
`£`
**`1`**
**`1`**
`1`|
|---|---|---|---|
|||||
|||||
||||`nv`|
```
There were no investment assets outside the UK.
```
```
Fixedassetinvestmentsrelatetocharity's100%ownershipofSpringLodgeCentreLimitedwhichisa trading
company. The results of Spring Lodge Centre Limited are as follows:
```
||**`2021`**
`2020`|**`2021`**
`2020`|
|---|---|---|
||**`£`**
`£`||
|`Turnover`|**`489`**
`47,191`||
|`Profit/(Loss) for the year`|**`(4,445)`**
`1,769`||
|`Aggregate capital and reserves`|**`(15,727)`**
`(11,282)`||
||||
```
continued...
```
```
Page 11
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021`**
|**`9.`**|**`STOCKS`**|||
|---|---|---|---|
|||**`2021`**|`2020`|
|||**`£`**|`£`|
||`Stocks`|**`938`**|`938`|
|**`10.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|||**`2021`**|`2020`|
|||**`£`**|`£`|
||`Trade debtors`|**`385`**|`1,282`|
||`Amount owed by group`|||
||`undertaking`|**`14,355`**|`12,481`|
||`Other debtors`|**`1,703`**|`1,703`|
||`VAT`|**`1,605`**|`660`|
||`Prepayments`|**`8,120`**|`100`|
|||**`26,168`**|`16,226`|
|**`11.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|||**`2021`**|`2020`|
|||**`£`**|`£`|
||`Bank loans and overdrafts (see note 13)`|**`1,667`**|`-`|
||`Deferred income`|**`2,767`**|`5,252`|
||`Trade creditors`|**`10,251`**|`4,896`|
||`Social security and other taxes`|**`2,989`**|`4,124`|
||`Accrued expenses`|**`6,469`**|`8,446`|
|||**`24,143`**|`22,718`|
|**`12.`**|**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**|||
|||**`2021`**|`2020`|
|||**`£`**|`£`|
||`Bank loans (see note 13)`|**`48,333`**|`-`|
|**`13.`**|**`LOANS`**|||
||`An analysis of the maturity of loans is given below:`|||
|||**`2021`**|`2020`|
|||**`£`**|`£`|
||`Amounts falling due within one year on demand:`|||
||`Bank loans`|**`1,667`**|`-`|
||`Amounts falling between one and two years:`|||
||`Bank loans - 1-2 years`|**`10,000`**|`-`|
||`Amounts falling due between two and five years:`|||
||`Bank loans - 2-5 years`|**`38,333`**|`-`|
```
ThebankloanissupportedandsecuredbytheUKGovernment'sBounceBackLoanScheme(BBLS).Interest will
bechargedatafixedrateof2.5%andthebalanceisrepayableover60monthswiththefirstpaymentdue 12
months after inception.
```
```
continued...
```
```
Page 12
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
```
## **`14. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as foll`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.4.20`
`£`
**`6,885`**
**`6,885`**
`Incoming`
`resources`
`£`
**`210,453`**
**`210,453`**
`At 1.4.19`
`£`
`6,094`
`6,094`
`ows:`
`Incoming`
`resources`
`£`
`218,099`
`218,099`|`Net`
`movement`
`in funds`
`£`
**`12,943`**
**`12,943`**
`Resources`
`expended`
`£`
**`(197,510)`**
**`(197,510)`**
`Net`
`movement`
`in funds`
`£`
`791`
`791`
`Resources`
`expended`
`£`
`(217,308)`
`(217,308)`||`At`
`31.3.21`
`£`
**`19,828`**|
|---|---|---|---|---|
|||||**`19,828`**|
|||||`Movement`
`in funds`
`£`
**`12,943`**|
|||||**`12,943`**|
|||||`At`
`31.3.20`
`£`
`6,885`
`6,885`
`Movement`
`in funds`
`£`
`791`|
|||||`791`|
## **`15. RELATED PARTY DISCLOSURES`**
```
Duringtheyearthecharityreceivedrentof£nil(2020:£4,160)fromthesubsidiaryundertakingfortheuse of
charity premises.
```
```
Included in debtors is an amount due from the subsidiary undertaking of £14,355 (2020: £12,481).
```
```
continued...
```
```
Page 13
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
```
## **`16. LEASED PREMISES`**
```
ThepremisesatSpringLodgeisheldona50yearsleasewithBraintreeDistrictCouncilonayearlyrentof one
peppercorn (if demanded).
```
```
Page 14
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`Other charitable activities`**
`Hall hire`
`Pool table`
`Vending machines`
`Fruit machines`
`Children's activities`
`Social events`
`Sundry income`
`Affiliation and membership fee`
`Rents received from Spring Lodge Centre Limited`
**`Other income`**
`Government grants`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Staff costs`
`Social security`
`Pensions`
`Events`
`Purchases and sunday market`
`Vending machine purchases`
`Fruit machines`
`Machine game duty`
`Consumables and provisions`
**`Other trading activities`**
`Bad debts`
**`Charitable activities`**
`Wages`
`Social security`
`Equipment rental`
`Rates and water`
`Insurance`
`Light and heat`
`Telephone`
`Printing, postage ,stationery and computer costs`
`Advertising`
`Sundries`
`Training`
`Staff welfare`
`Trade waste fees`
`Carried forward`|`2021`
`£`
**`556`**
**`33,524`**
**`-`**
**`18`**
**`-`**
**`82,384`**
**`-`**
**`5,241`**
**`-`**
**`-`**
**`121,167`**
**`88,730`**
**`210,453`**
**`40,947`**
**`755`**
**`1,925`**
**`40`**
**`636`**
**`-`**
**`-`**
**`45`**
**`1,455`**
**`45,803`**
**`(100)`**
**`85,143`**
**`1,563`**
**`722`**
**`3,632`**
**`8,753`**
**`14,365`**
**`5,147`**
**`3,858`**
**`54`**
**`25`**
**`378`**
**`23`**
**`1,661`**
**`125,324`**|`2020`
`£`
`2,684`
`88,131`
`33`
`888`
`368`
`106,181`
`619`
`13,629`
`1,406`
`4,160`
`215,415`
`-`
`218,099`
`62,753`
`1,593`
`1,968`
`165`
`1,469`
`816`
`1,192`
`81`
`2,241`
`72,278`
`(2,680)`
`76,904`
`1,950`
`2,049`
`229`
`6,864`
`17,109`
`4,843`
`4,280`
`-`
`122`
`175`
`92`
`1,564`
`116,181`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021`**
||`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|**`Charitable activities`**|||
|`Brought forward`|**`125,324`**|`116,181`|
|`Cleaning materials`|**`677`**|`2,071`|
|`Repairs and renewals`|**`6,736`**|`7,970`|
|`Service contracts`|**`5,708`**|`3,509`|
|`Travelling`|**`363`**|`500`|
|`Licences`|**`158`**|`605`|
|`Bank charges`|**`645`**|`1,063`|
|`Legal and professional`|**`394`**|`660`|
|`Clothing cost`|**`14`**|`-`|
|`Depn of equipment and fixtures`|**`2,349`**|`2,848`|
|`Depn of bar equipment and fittings`|**`28`**|`66`|
|`Financial costs- VAT`|**`5,402`**|`7,937`|
|`Other interest`|**`9`**|`-`|
||**`147,807`**|`143,410`|
|**`Support costs`**|||
|**`Governance costs`**|||
|`Auditors' remuneration`|**`2,500`**|`2,500`|
|`Auditors' remuneration for non audit work`|**`1,500`**|`1,800`|
||**`4,000`**|`4,300`|
|`Total resources expended`|**`197,510`**|`217,308`|
|**`Net income`**|**`12,943`**|`791`|
```
This page does not form part of the statutory financial statements
```
```
Page 16
```