BEDWELL COMMUNITY ASSOCIATION
Registered Charity No. 302332
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2021
BEDWELL COMMUNITY ASSOCIATION
INDEX
For the year ended 31[st] March 2021
| INDEX For the year ended 31st March 2021 |
|
|---|---|
| Page | |
| Trustees Annual Report | 1 – 5 |
| Reference and Administration | 1 |
| Structure, Governance and Management | 2 |
| Objectives | 2 |
| Activities, Progress and Achievements | 2 – 3 |
| Financial Review | 4 |
| Reserves Policy | 4 |
| Independent Examiners Report | 6 |
| Statement of Financial Activities (SOFA) | 7 |
| Balance Sheet | 8 |
| Statement of Cash flow | 9 |
| Notes to the Accounts | 10 – 16 |
BEDWELL COMMUNITY ASSOCIATION
Trustees Annual Report Continued For the year ended 31[st] March 2021
REFERENCE AND ADMINISTRATION
Name of Charity: BEDWELL COMMUNITY ASSOCIATION Registered Charity No: 302332 Governing Document: Constitution dated 17th May 1999 Principal Office: Bedwell Community Association Crescent, Stevenage, Herts. SG1 1NA Trustees: Sheila Robertson Chairman Philip Smith Vice Chairman Terry Ingle Treasurer Elaine Connolly (Resigned 04/08/20) Pat Jones (Resigned 04/08/20) Eileen Mitchell Ann Meldrum Ron Meldrum Peter Ford
Bankers: Lloyds TSB Bank Plc Stevenage Town Square 3 The Town Square Stevenage Herts. SG1 1BG Independent Examiner: Jane M E Seymour Orchard Villa 2B Regent Street Stotfold Hitchin Herts. SG5 4ED
Page 1
BEDWELL COMMUNITY ASSOCIATION
Trustees Annual Report Continued For the year ended 31[st] March 2021
The Management Committee present their report for the year ended 31[st] March 2021.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is an unincorporated organization which is governed by a constitution dated 17[th] May 1999.
The Honorary Officers and up to eight representatives of affiliation organisations and other user groups are elected or appointed on an annual basis at the Annual General Meeting, in the event of an vacancy occurring the Committee can co-opt a replacement until the next Annual General Meeting. The committee shall also include one representative from Stevenage Borough Council.
Individuals and one representative per affiliated group shall have the right to vote at the AGM.
The trustees are elected or appointed on an annual basis at the Annual General Meeting, which is held between June and July.
OBJECTIVES
In setting the charity’s objectives and planning its aims and objectives and future activities the Trustees have given consideration to the Charity Commission’s general guidance on public benefit. The main aims and objectives of the charity are:
To promote the benefit of the inhabitants of Bedwell Stevenage, without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
To maintain and manage the Bedwell Centre and encourage its use by the Community for the pursuit of common interests of a social, educational and recreational kind.
The Association shall be non-party in politics and non-sectarian in religion.
ACTIVITIES, PROGRESS AND ACHIEVEMENTS
This last year has been a very strange, difficult and unpredicted year with The Community Centre having to close on 21[st] March 2020 due to the Coronavirus pandemic.
The Community Centre was then able to open up for the pre-school (Early Years) from middle June. Other groups were permitted back from August, but only a couple came back.
By middle September about 60% of our groups were back in the Community Centre (with reduced numbers) after having to complete a Covid-19 Risk Assessment and having to adhere to 2 metres social distancing.
Page 2
BEDWELL COMMUNITY ASSOCIATION
Trustees Annual Report Continued For the year ended 31[st] March 2021
ACTIVITIES, PROGRESS AND ACHIEVEMENTS CONTINUED
Extra Cleaning and PPE had to be put in place, so the community centre is spending more on keeping the centre safe and covid secure. We did lose a few groups because of covid 19, as it was not financially viable for them to continue with reduced numbers.
Because of Covid-19 and social distancing we could not have our usual Fun Day, Halloween Party, Jumble Sales etc. so we therefore have had no fundraising events this last year.
We were just getting groups back when the Government announced that we had to close again for 4 weeks due to the Coronavirus pandemic. The only group allowed in was the pre-school.
We re-opened on 2[nd] December 2020 with some of our groups coming back for the 2 weeks before Christmas. We were due to open again on 5[th] January 2021, but due to the Coronavirus pandemic we were again not allowed to open, and the country was put into lockdown. We were again permitted to open for just the pre-school (Early Years)
As at the end of this year 31[st] March 2021 the community centre is closed and can only open to the pre-school.
We have therefore lost most of our rental income and the cafe is closed.
The community centre has been able to survive due to Government Business Grants. Staff that were not working were put on part- or full-time furlough.
We are therefore receiving money from HMRC to pay most of the furloughed staff wages.
We received a grant from Sport England’s (Active Local) to help pay rental and expenses for the over 60’s Chair Exercise group. This enabled them to get back up and running for July 2020.
We have also received another grant from Sports England (Active Local) so that when we can reopen in May 2021, we can start table tennis coaching sessions once a week for 12 weeks.
We have also received a Grant from Stevenage Community Trust to purchase a laptop.
Page 3
BEDWELL COMMUNITY ASSOCIATION
Trustees Annual Report Continued For the year ended 31[st] March 2021
FINANCE REVIEW
Current and post year event Covid-19
The onset of Covid-19 and subsequent lockdown has impacted the financial position of our association during the year 1[st] April 2020 to 31[st] March 2021 and beyond. Rental income was reduced with groups cancelling their bookings and the Community Centre closing in line with Government Legislation. Our cafe also had to close.
All staff except the manager were put on furlough whilst the Community Centre remained closed. Decisions on whether staff remain on full furlough, part time furlough or return to work are being made on a case-by-case basis. We received money from HMRC to pay most of the furloughed staff wages.
In light of these unforeseen circumstances, we received Covid-19 related funding from Stevenage Borough Council for £25,000 on 16[th] April 2020 to help keep the community centre running. We also received a grant from Sports England for £5235 on 19[th] June 2020 to pay our essential cost of Heating/Water etc for the period of 1[st] March -31[st] July 2020.
The net result of this for the financial year end 31[st] March 2021 is a surplus of £25,859.
The enclosed financial statement shows the current state of the finances, which the Management Committee considers to be fair. Careful monitoring has been carried out to ensure the Association continues to operate efficiently for the community of Bedwell.
Reserves
Reserves must be kept at a reasonable level in relation to the overall turnover of the organisation – per the Council’s policy on reserves of voluntary organisations applying for funding.
For the financial good health of the Centre and the sustainability of the organisation we deem it prudent to keep reserves of not less than three month’s operating costs. Unfortunately, due to deficit core grant funding for several years, we have been unable to build up the required balance.
Free reserves are currently held at £22,745.
The estimate for the designated reserve, to cover staff redundancy payments and winding up costs are £27,375; this calculation does not include redundancy payments for Staff that have not worked for the organisation for more than two years. It is based on current payment levels. It is based on the assumption that any legal costs incurred in the closure of the Centre would be met directly by Stevenage Borough Council.
Page 4
BEDWELL COMMUNITY ASSOCIATION
Trustees Annual Report Continued For the year ended 31[st] March 2021
Approved by the Trustees on 5[th] July 2021 and signed on their behalf by:
Page 5
BEDWELL COMMUNITY ASSOCIATION
Independent Examiners Report For the year ended 31[st] March 2021
I report on the accounts for the year ended 31[st] March 2021, which are set out on pages 6 to 16.
Respective responsibilities of trustees and examiner
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:
-
examine the accounts under section 145 of the 2011 Act
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and
-
whether particular matters have come to my attention.
Basis of independent examiner’s 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 to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
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
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and FRS 102
-
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.
Jane M E Seymour Community Accountant
Orchard Villa, 2B Regent Street Stotfold, Hitchin Herts. SG5 4ED
Dated: 5[th] July 2021
Page 6
BEDWELL COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
| Notes Unrestricted Funds £ Income from: Donations and legacies 2 83,342 Charitable Activities 3 31,553 Other Trading activities 4 346 Investments 4 Other 5 4,000 Total Income 119,245 Expenditure on: Raising Funds - Charitable Activities 6 97,806 Total resources expended 97,806 Net incoming/ (expenditure) 21,439 Transfers between funds - Net Movement in Funds 21,439 Total Funds brought forward 1,306 Total funds carried forward 16 22,745 |
Notes Unrestricted Funds £ Income from: Donations and legacies 2 83,342 Charitable Activities 3 31,553 Other Trading activities 4 346 Investments 4 Other 5 4,000 Total Income 119,245 Expenditure on: Raising Funds - Charitable Activities 6 97,806 Total resources expended 97,806 Net incoming/ (expenditure) 21,439 Transfers between funds - Net Movement in Funds 21,439 Total Funds brought forward 1,306 Total funds carried forward 16 22,745 |
Restricted Funds £ 2,079 - - - - 2,079 - 2,229 2,229 (150) - (150) 3,264 |
2021 Total Funds £ 85,421 31,553 346 4 4,000 121,324 - 100,035 100,035 21,289 - 21,289 4,570 |
2020 Total Funds £ 5,800 106,819 6,057 5 3,008 |
|---|---|---|---|---|
| 113,336 137 131,006 |
||||
| 118,958 (5,622 ) - (5,622 ) 10,192 |
||||
| 22,745 | 3,114 | 25,859 | 4,570 |
Page 7
BEDWELL COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31ST MARCH 2021
| Notes £ Fixed Assets Tangible fixed assets 10 Current Assets Stock Debtors & prepayments 11 Cash at bank and in hand Total Current Assets Creditors: Amounts falling due within one year 12 Net Current Assets Net Assets Funds of the Charity Unrestricted funds General funds Restricted funds Day Care Locality Budget Scheme - Comp/Printer Locality Budget - Finance Computer Big Lottery - Computer Suite Sports Englands Tackling Inequalities Fund Community Trust - Laptop Total Funds 15 |
2021 £ 3,527 - 4,886 24,609 |
2020 £ 4,049 230 2,946 6,393 |
|---|---|---|
| 29,495 7,163 22,332 25,859 22,745 22,745 818 16 31 1,780 35 434 3,114 25,859 |
9,569 9,048 |
|
| 521 | ||
| 4,570 | ||
| 1,306 | ||
| 1,306 828 21 42 2,373 - - |
||
| 3,264 | ||
| 4,570 |
Approved by the Trustees on 5th July 2021 and signed on their behalf by:
…………………………………… ………………………………….
The notes on pages 10 to 16 form part of these accounts
Page 8
BEDWELL COMMUNITY ASSOCIATION STATEMENT OF CASH FLOW AS AT 31 MARCH 2021
| BEDWELL COMMUNITY ASSOCIATION STATEMENT OF CASH FLOW AS AT 31 MARCH 2021 |
|||
|---|---|---|---|
| Note | 2021 | 2020 | |
| £ | £ | ||
| Cash flows from operating activities: | |||
| Net cash provided by (used in) operating activities | 18 | 18,868 | (2,362) |
| Cash flows from capital expenditure & investing activities: | |||
| Dividends, interest and rents from investments | 3 | 3 | |
| Purchase of property, plant and equipment | (655) | (335) | |
| Net cash provided by (used in) investing activities | (652) | (332) | |
| Change in cash and cash equivalents in the reporting period | 18,216 | (2,694) | |
| Cash and cash equivalents at the beginning of the reporting period | 6,393 | 9,087 | |
| Change in cash and cash equivalents due to exchange rate movements | - | - | |
| Cash and cash equivalents at the end of the reporting period | 24,609 | 6,393 |
Page 9
BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2021
1 ACCOUNTING POLICIES
Basis of preparation
These Accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities (SORP 2015 restated where applicable) and in compliance with the Charities Act 2011.
Depreciation policy
Tangible fixed assets are depreciated over the estimated useful economic lives. The depreciation rate currently in use for all fixed assets held for use by the charity is 25% on the reducing balance.
Fund accounting
Funds held by the charity are either:
Unrestricted general funds
These are funds which can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds
These are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
Restricted funds
These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Resources Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.
Incoming Resources
All income is accounted for when the Charity has entitlement, there is certainty of receipt and the amount is measurable. Income is accounted for on a receivable basis, except for hall deposits that relate to bookings in a future accounting period, the income is deferred until those periods.
2
| Donations Grants - Stevenage Borough Council Sport England HMRC- Job Retention Scheme Sports Englands Tackling Inequalities Fund Community Trust Income from Donations and Legacies |
Unrestricted Restricted 2021 £ - - - 42,927 - 42,927 5,235 - 5,235 35,180 - 35,180 - 1,500 1,500 - 579 579 83,342 2,079 85,421 |
2020 £ 1,985 4,567 - - - - |
|---|---|---|
| 6,552 |
Page 10
BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS
for the year ended 31st March 2021
| 3 | Income from Charitable Activities | Unrestricted | Restricted | 2021 | 2020 | ||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Hall Hire | 31,386 | - | 31,386 | 89,207 | |||
| Fun Day | - | - | - | 1,080 | |||
| Locality Budget - Christmas Bingo Dinner | - | - | - | 100 | |||
| Affiliation Fees | - | - | - | 110 | |||
| Canteen | 12 | - | 12 | 8,111 | |||
| Services Income | 155 | - | 155 | 44 | |||
| 31,553 | - | 31,553 | 98,652 | ||||
| 4 | Income from Other Trading Activities | Unrestricted | Restricted | 2021 | 2020 | ||
| £ | £ | ||||||
| Fundraising | 346 | - | 346 | 5,095 | |||
| 5 | Other income | Unrestricted | Restricted | 2021 | 2020 | ||
| £ | £ | ||||||
| Employment Allowance | 4,000 | - | 4,000 | 3,000 | |||
| Late Payment Charge | - | - | - | 34 | |||
| 4,000 | - | 4,000 | 3,034 | ||||
| 6 | Analysis of Expenditure on charitable activities | ||||||
| Activity | Grant | ||||||
| undertaken | funding of | Support | |||||
| Activity | directly | activities | Costs | Total | |||
| £ | £ | £ | £ | ||||
| Community Centre | 6&8 | 92,189 | - | 400 | 92,589 | ||
| Big Lottery - Computer Suite | 7 | 593 | - | - | 593 | ||
| Canteen | 8 | 5,217 | - | - | 5,217 | ||
| Day Care | 7 | 10 | - | - | 10 | ||
| Redecoration, Equipment etc | 7 | 16 | - | - | 16 | ||
| Community Trust - Laptop | 7 | 145 | - | - | 145 | ||
| Sports Englands Tackling Inequalities | 7 | 1,465 | - | - | 1,465 | ||
| 99,635 | - | 400 | 100,035 |
Page 11
BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS
for the year ended 31st March 2021
| BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2021 |
||
|---|---|---|
| 7 Charitable Expenditure Charitable Activities - Centre Unrestricted Administration Expenses Admin Wages Printing, Stationery & Advertising Broadband, Telephone & Postage Subscriptions & Affiliation Fees Performing Rights Association Health & Safety Sundry Expenses Licensing Fees Software - Norton Security Bank charges Website Payroll & HR Expenses Total Administation Fees 7 Unrestricted Maintenance Expenses Electricity Equipment Gas Insurance Laundry & Cleaning Garden Repairs & Renewals Security Equipment Depreciation Water Rates Caretaking/ cleaning wages Total Centre Costs |
2021 £ 39,318 139 1,530 42 1,279 622 300 180 90 3 1,100 1,023 45,626 2021 £ 2,532 197 2,875 1,466 1,381 485 - 1,191 413 2,920 33,103 46,563 92,189 |
2020 £ 37,906 240 1,372 - 1,895 134 439 200 90 - 415 1,279 |
| 43,970 2020 £ 5,320 490 3,690 1,407 2,255 367 1,553 1,983 523 2,862 40,124 |
||
| 60,574 | ||
| 104,544 |
Page 12
BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS
for the year ended 31st March 2021
| 7 Charitable Expenditure Charitable Activities - Centre Restricted Big Lottery Computer Suite project Dep'n Locality Budget Computer & Printer Dep'n Locality Budget New Computer Dep'n Sports Englands Tackling Inequalities Fund Isabelle Hinman Locality Budget Christmas Bingo Community Trust Laptop Depreciation Fun Day Day Care Chair/ Wheelchair Depreciation Total Restricted Expense 8 Canteen Account Cost of Sales Opening Stock Purchases Less Closing Stock Canteen Wages Total Canteen Costs 9 Independent Examiner's Fee(See note 19) AGM Costs 10 Fixed assets Unrestricted Equipment Cost £ At 1 April 2020 3,855 Additions 76 At 31 March 2021 3,931 Depreciation At 1 April 2020 2,282 Charge for the year 413 At 31 March 2021 2,695 Net book values At 31 March 2020 1,573 At 31 March 2021 1,236 Governance |
7 Charitable Expenditure Charitable Activities - Centre Restricted Big Lottery Computer Suite project Dep'n Locality Budget Computer & Printer Dep'n Locality Budget New Computer Dep'n Sports Englands Tackling Inequalities Fund Isabelle Hinman Locality Budget Christmas Bingo Community Trust Laptop Depreciation Fun Day Day Care Chair/ Wheelchair Depreciation Total Restricted Expense 8 Canteen Account Cost of Sales Opening Stock Purchases Less Closing Stock Canteen Wages Total Canteen Costs 9 Independent Examiner's Fee(See note 19) AGM Costs 10 Fixed assets Unrestricted Equipment Cost £ At 1 April 2020 3,855 Additions 76 At 31 March 2021 3,931 Depreciation At 1 April 2020 2,282 Charge for the year 413 At 31 March 2021 2,695 Net book values At 31 March 2020 1,573 At 31 March 2021 1,236 Governance |
2021 £ 593 5 11 1,465 - 145 - 10 2,229 2021 £ 230 (8) 222 - 222 4,995 5,217 2021 £ 400 0 400 Restricted Equipment £ 12,317 579 |
2020 £ 791 7 14 - 100 - 1,080 14 |
|---|---|---|---|
| 2,006 | |||
| 2020 £ 300 4,913 5,213 80 5,133 6,023 |
|||
| 11,156 | |||
| 2020 £ 400 21 |
|||
| 421 | |||
| Total £ 16,172 655 |
|||
| 3,931 | 12,896 | 16,827 | |
| 2,282 413 |
9,841 764 |
12,123 1,177 |
|
| 2,695 | 10,605 | 13,300 | |
| 1,573 | 2,476 | 4,049 | |
| 1,236 | 2,291 | 3,527 |
Page 13
BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS
for the year ended 31st March 2021
| BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2021 |
||
|---|---|---|
| 11 Debtors & Prepayments Debtors Prepayments and income accruals 12 Creditors: Amounts falling due within one year Sundry Creditors HMRC Tax & NI Accruals and income prepayments Pension Contributions |
2021 £ 337 4,549 4,886 2021 £ 6 989 6,111 57 7,163 |
2020 £ 2,155 791 |
| 2,946 | ||
| 2020 £ 614 1,208 7,070 156 |
||
| 9,048 |
13 Trustees' Remuneration and Expenses
No trustee remuneration has been directly or indirectly paid or payable for the year out of the funds of the charity to any trustee or to any person or person connected with any of them.
14 Employees' Remuneration
Total remuneration for the year (excluding employer's contributions) amounted to £70,255 (2020: £73,816) No employee earned more than £40,000 p.a. or more. The average numbers of paid staff for the year were seven (2020: six).
15 Reserves Policy
Reserves must be kept at a reasonable level in relation to the overall turnover of the organisation – per the Council’s policy on reserves of voluntary organisations applying for funding.
For the financial good health of the Centre and the sustainability of the organisation we deem it prudent to keep reserves of not less than three month’s operating costs. Covid-19 and the additional funds we have been able to access means we have been able to build our reserves back up to nearly the level required to meet our reserves policy.
Current free reserves are £22,745.
The estimate for the reserve, to cover staff redundancy payments and winding up costs are £27,375, this calculation does not include redundancy payments for Staff that have not worked for the organisation for more than two years. It is based on current payment levels. It is based on the assumption that any legal costs incurred in the closure of the Centre would be met directly by Stevenage Borough Council.
Page 14
BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2021
16 Fund Analysis
Incoming Resources Resources Expended Net incoming resources before transfers Transfer between funds Net movement in funds Total Funds B/fwd Total Funds C/Fwd Fixed Assets Current Assets Current Liabilities Incoming Resources Resources Expended Net incoming resources before transfers Transfer between funds Net movement in funds Total Funds B/fwd Total Funds C/Fwd Fixed Assets Current Assets Current Liabilities |
General Locality Budget Scheme - Comp/Print Day Care- SBC/Age Concern Locality Budget - Finance Comp Sub - Total £ £ £ £ £ 119,245 - - - 119,245 97,806 5 10 11 97,832 |
|---|---|
| 21,439 (5) (10) (11) 21,413 - - - - - |
|
| 21,439 (5) (10) (11) 21,413 1,306 21 828 42 2,197 |
|
| 22,745 16 818 31 23,610 |
|
| 1,236 16 30 31 1,313 28,672 - 788 - 29,460 (7,163) - - - (7,163) |
|
| 22,745 16 818 31 23,610 |
|
| B/Fwd Big Lottery - Computer Suite Community Trust - Laptop Sports Englands Tackling Inequalities Fund Sub - Total £ £ £ £ £ 119,245 - 579 1,500 121,324 97,832 593 145 1,465 100,035 |
|
| 21,413 (593) 434 35 21,289 - - - - - |
|
| 21,413 (593) 434 35 21,289 2,197 2,373 - - 4,570 |
|
| 23,610 1,780 434 35 25,859 |
|
| 1,313 1,780 434 - 3,527 29,460 - - 35 29,495 (7,163) - - - (7,163) |
|
| 23,610 1,780 434 35 25,859 |
Page 15
BEDWELL COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS for the year ended 31st March 2021
17 Volunteers
Volunteer information is as follows:
| Volunteers Volunteer information is as follows: |
|||
|---|---|---|---|
| Number of | No of Hours | Total | |
| Activity 2020/21 | Volunteers | per Volunteer | Hours |
| Café Volunteer | - | - | - |
| Centre Activities - Bingo | 3 | 12 | 36 |
| Centre Activities - Caretaking | - | - | - |
| Fundraising | - | - | - |
| Number of | No of Hours | Total | |
| Activity 2019/20 | Volunteers | per Volunteer | Hours |
| Café Volunteer | 1 | 500 | 500 |
| Centre Activities - Bingo | 6 | 600 | |
| Centre Activities - Caretaking | 1 | 300 | 300 |
| Fundraising | 1 | 100 |
18 Notes to the cash flow statement
Reconciliation of net income/(expenditure) to net cash flow from operating activities
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Net income/(expenditure) for the year | 21,289 | (5,622) |
| Adjustments for: | ||
| Depreciation charges | 1,177 | 1,349 |
| Dividends, interest and rents from investments | (3) | (3) |
| (Increase)/decrease in stocks | 230 | 220 |
| (Increase)/decrease in debtors | (1,940) | - |
| Increase/(decrease) in creditors | (1,885) | 126 |
| Net cash provided by operating | 18,868 | (3,930) |
| Analysis of net cash resources | ||
| 2021 | 2020 | |
| £ | £ | |
| Cash in hand | 24,609 | 6,393 |
19 Independent Examiner's
Fees of £400 have been accrued for the 2021 examination and preparation of accounts.
Page 16