ADLINGTON & DISTRICT COMMUNITY ASSOCIATION
Registered Charity no. 512625
TRUSTEES REPORT TO THE ANNUAL GENERAL MEETING
HELD ON MONDAY 14 MARCH 2022
As in 2020, the centre was closed most of the time for the first half of the year & only reopened fully in October, although the Community Nursery remained open.
Throughout the closed period a lot of general maintenance went on behind the scenes to keep the centre looking smart & to ensure that all health & safety requirements, as identified by the Health & Safety officer, were met. The bar was redecorated, as was the main hall. The building was also checked for asbestos & a small amount was found. The asbestos report will be available to any contractors who enter the building.
A new pump cleaning system was installed in the bar & a new cooling system. Although the pump cleaning system was costly, it should save money in the long run as there will be a lot less wastage.
The dedication of the stained glass window in memory of Andrew Fairclough, our former Chairman, Secretary & Treasurer, took place on 1 August 2021. The ceremony was attended by Andrew’s family, friends & colleagues & the window was unveiled by his widow, Anne, & grandson, Toby.
We also have a new updated website, which will, hopefully, attract more people to the centre. All our regular hirers returned after lockdown & we host several shows a year put on by our local amateur dramatic groups, St. Paul’s Players & Adlington Music & Arts Society. In addition to regular dance evenings of various types – Zumba, Jive, Salsa & Ballroom Dances, we have hosted boxing events, tribute nights, fashion shows & other events.
Thanks to all our committee members & others who dedicate a lot of time to making the centre a success. In particular, thanks must go to Margaret Smith, Booking Secretary, Anna Crank, our cleaner, Sheryel Cook & the nursery staff for all their hard work. Also to Bev & John Speers, who have transformed the bar & its systems & updated all our health & safety obligations. Jayme Green & Vincent Taylor have looked after the money & accounts & David Worsley has carefully examined the books.
The Slater Foundation has, once again, supported the association with a generous donation.
Jeanette Lowe
Secretary/Trustee
March 2022
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
Income Statement for the year ended 31 December 2021
| 2020 2021 Notes £ £ |
2020 2021 Notes £ £ |
|---|---|
| OPERATING INCOME Room Hire 6,273 11,904 Bar Proft 1 1,990 12,873 Total Operating Income 8,263 24,777 |
|
| 8,263 24,777 |
|
| OPERATING COSTS Gas Electricity Total Energy Costs |
|
| 949 1,093 1,833 2,513 |
|
| 2,782 3,606 |
|
| Cleaning labour 2,312 2,396 Cleaning Materials 2,747 317 Donation - 826 Licences & Fees 622 626 Water 1,036 731 Insurance 2,054 2,672 Annual Contracts 379 860 Telephone 739 720 Depreciation 4 13,258 13,990 Repairs & Maintenance 4,412 6,650 Loss on disposal of fxed assets 1,412 45 Total Operating Costs 31,753 33,439 |
|
| 31,753 33,439 |
|
| OPERATING PROFIT/(LOSS) | (23,490) (8,662) |
| ADMINISTRATION COSTS 2 437 1,161 |
|
| OTHER INCOME 3 17,686 14,638 |
|
| PROFIT FOR THE YEAR | (6,241) 4,815 |
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
Statement of Financial Position at 31 December 2021
| 2020 2021 Notes £ £ |
2020 2021 Notes £ £ |
|
|---|---|---|
| ASSETS FIXED ASSETS Freehold Land & Buildings Furniture Equipment & Garages Total Fixed Assets CURRENT ASSETS Bar stock at cost Debtors Bank Cash Jubilee coins at nominal value Total Current Assets |
||
| 122,375 122,375 11,518 10,084 71,195 64,843 |
||
| 4 205,088 197,302 |
||
| 1 2,048 3,086 5 1,603 1,723 6 108,627 122,229 1,225 914 8 8 |
||
| 113,511 127,960 |
||
| TOTAL ASSETS | 318,599 325,262 |
|
| CURRENT LIABILITIES | 7 862 2,710 |
|
| NET ASSETS | 317,737 322,552 |
|
| ACCUMULATED FUND At the start of the year Proft for the year |
||
| 323,978 317,737 (6,241) 4,815 |
||
| 317,737 322,552 |
||
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
| LINGTON AND DISTRICT COMMUNITY ASSOCIATION | LINGTON AND DISTRICT COMMUNITY ASSOCIATION | LINGTON AND DISTRICT COMMUNITY ASSOCIATION |
|---|---|---|
| Notes to the Accounts for the year ended 31 December 2021 | ||
| 2020 2021 £ £ |
||
| 1. BAR TRADING AND PROFIT & LOSS ACCOUNT Opening Stock Purchases Closing stock Cost of Sales |
||
| 4,733 2,048 3,245 9,760 (2,048) (3,086) |
||
| 5,930 8,722 |
||
| Sales | 9,660 | 24,018 |
| Gross proft Gross proft % |
3,730 15,296 38.6% 63.7% |
|
| Expenses Repairs & Maintenance Out of pocket expenses Sundries Total Expenses |
||
| 220 1,153 480 1,240 - 30 |
||
| 700 2,423 |
||
| Redundant stock write of due to lockdown Net Proft Net Proft % |
1,040 0 |
|
| 1,990 12,873 |
||
| 20.6% 53.6% |
||
| 2. ADMINISTRATION COSTS Misc expenses Adverts in programmes Computer systems Legal Booking Secretary Total Administration Costs |
||
| 79 913 15 0 343 248 - - - - |
||
| 437 1,161 |
||
| 3. OTHER INCOME Grants and Donations John Slater Foundation Chorley Borough Council Anderton Parish Council Total Donations |
||
| 3,000 10,050 10,000 - - 120 |
||
| 13,000 10,170 |
||
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
| 2020 2021 £ £ 10 432 114 10 4,234 4,106 - 248 |
|
|---|---|
| 3. OTHER INCOME (continued) Subscriptions Interest Ground Rent Electricity Feed In Tarif Misc Total Other Income |
|
| 17,686 14,638 |
|
| 4. FIXED ASSETS Land and buildings are not depreciated and are held at cost. |
|
The solar panels are included in Equipment and are depreciated at 4% of cost per annum which is equivalent to the 25 year life of the feed in tariff. Computers and certain items of short life furniture are depreciated at 25% of cost per annum intending to write off each asset over 4 years.
Other assets are depreciated at a rate of 10% of cost per annum intending to write each asset off over 10 years.
| Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
|
|---|---|---|---|---|
| Original cost At 1 January 2021 Disposals in the year Additions this year At 31 December 2021 |
||||
| 122,375 33,330 163,129 318,834 (861) (6,590) (7,451) 1,496 4,753 6,249 |
||||
| 122,375 33,965 161,292 317,632 |
||||
| Depreciation At 1 January 2021 Disposals in the year Charged for the current year At 31 December 2021 |
||||
| 21,812 91,934 113,746 (861) (6,545) (7,406) 2,930 11,060 13,990 |
||||
| 23,881 96,449 120,330 |
||||
| Net book value At 1 January 2021 Disposals in the year Additions this year Depreciation charged this year At 31 December 2021 |
||||
| 122,375 11,518 71,195 205,088 0 (45) (45) 0 1,496 4,753 6,249 (2,930) (11,060) (13,990) |
||||
| 122,375 | 10,084 | 64,843 | 197,302 |
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
| 2020 2021 £ £ - 1,723 1,603 - |
||
|---|---|---|
| 5. DEBTORS Room Hire Prepayments Total debtors |
||
| 1,603 1,723 |
||
| 6. BANK R.B.S. Current account R.B.S. High interest account Virgin charity deposit account Total bank |
||
| 611 599 24,065 37,568 83,951 84,062 |
||
| 108,627 122,229 |
||
| 7. CURRENT LIABILITIES Deposits for hall hire Gas Water Electricity Other |
||
| 585 345 64 459 111 0 - 1101 102 805 |
||
| 862 2,710 |
||
| Independent Auditor’s Report |
I have audited the financial statements of Adlington and District Community Association for the year ended 31 December 2021 which comprise the Officers' Reports, the Income Statement, the Statement of Financial Position and the related notes.
In my opinion the Officers' reports and Financial Statements give a true and fair view of the association’s affairs at 31 December 2021 and the profit for the year.
David Worsley
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
Income Statement for the year ended 31 December 2021
| 2020 2021 Notes £ £ |
2020 2021 Notes £ £ |
|---|---|
| OPERATING INCOME Room Hire 6,273 11,904 Bar Proft 1 1,990 12,873 Total Operating Income 8,263 24,777 |
|
| 8,263 24,777 |
|
| OPERATING COSTS Gas Electricity Total Energy Costs |
|
| 949 1,093 1,833 2,513 |
|
| 2,782 3,606 |
|
| Cleaning labour 2,312 2,396 Cleaning Materials 2,747 317 Donation - 826 Licences & Fees 622 626 Water 1,036 731 Insurance 2,054 2,672 Annual Contracts 379 860 Telephone 739 720 Depreciation 4 13,258 13,990 Repairs & Maintenance 4,412 6,650 Loss on disposal of fxed assets 1,412 45 Total Operating Costs 31,753 33,439 |
|
| 31,753 33,439 |
|
| OPERATING PROFIT/(LOSS) | (23,490) (8,662) |
| ADMINISTRATION COSTS 2 437 1,161 |
|
| OTHER INCOME 3 17,686 14,638 |
|
| PROFIT FOR THE YEAR | (6,241) 4,815 |
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
Statement of Financial Position at 31 December 2021
| 2020 2021 Notes £ £ |
2020 2021 Notes £ £ |
|
|---|---|---|
| ASSETS FIXED ASSETS Freehold Land & Buildings Furniture Equipment & Garages Total Fixed Assets CURRENT ASSETS Bar stock at cost Debtors Bank Cash Jubilee coins at nominal value Total Current Assets |
||
| 122,375 122,375 11,518 10,084 71,195 64,843 |
||
| 4 205,088 197,302 |
||
| 1 2,048 3,086 5 1,603 1,723 6 108,627 122,229 1,225 914 8 8 |
||
| 113,511 127,960 |
||
| TOTAL ASSETS | 318,599 325,262 |
|
| CURRENT LIABILITIES | 7 862 2,710 |
|
| NET ASSETS | 317,737 322,552 |
|
| ACCUMULATED FUND At the start of the year Proft for the year |
||
| 323,978 317,737 (6,241) 4,815 |
||
| 317,737 322,552 |
||
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
| LINGTON AND DISTRICT COMMUNITY ASSOCIATION | LINGTON AND DISTRICT COMMUNITY ASSOCIATION | LINGTON AND DISTRICT COMMUNITY ASSOCIATION |
|---|---|---|
| Notes to the Accounts for the year ended 31 December 2021 | ||
| 2020 2021 £ £ |
||
| 1. BAR TRADING AND PROFIT & LOSS ACCOUNT Opening Stock Purchases Closing stock Cost of Sales |
||
| 4,733 2,048 3,245 9,760 (2,048) (3,086) |
||
| 5,930 8,722 |
||
| Sales | 9,660 | 24,018 |
| Gross proft Gross proft % |
3,730 15,296 38.6% 63.7% |
|
| Expenses Repairs & Maintenance Out of pocket expenses Sundries Total Expenses |
||
| 220 1,153 480 1,240 - 30 |
||
| 700 2,423 |
||
| Redundant stock write of due to lockdown Net Proft Net Proft % |
1,040 0 |
|
| 1,990 12,873 |
||
| 20.6% 53.6% |
||
| 2. ADMINISTRATION COSTS Misc expenses Adverts in programmes Computer systems Legal Booking Secretary Total Administration Costs |
||
| 79 913 15 0 343 248 - - - - |
||
| 437 1,161 |
||
| 3. OTHER INCOME Grants and Donations John Slater Foundation Chorley Borough Council Anderton Parish Council Total Donations |
||
| 3,000 10,050 10,000 - - 120 |
||
| 13,000 10,170 |
||
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
| 2020 2021 £ £ 10 432 114 10 4,234 4,106 - 248 |
|
|---|---|
| 3. OTHER INCOME (continued) Subscriptions Interest Ground Rent Electricity Feed In Tarif Misc Total Other Income |
|
| 17,686 14,638 |
|
| 4. FIXED ASSETS Land and buildings are not depreciated and are held at cost. |
|
The solar panels are included in Equipment and are depreciated at 4% of cost per annum which is equivalent to the 25 year life of the feed in tariff. Computers and certain items of short life furniture are depreciated at 25% of cost per annum intending to write off each asset over 4 years.
Other assets are depreciated at a rate of 10% of cost per annum intending to write each asset off over 10 years.
| Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
Land & Buildings Furniture Equipment & Garages Total |
|
|---|---|---|---|---|
| Original cost At 1 January 2021 Disposals in the year Additions this year At 31 December 2021 |
||||
| 122,375 33,330 163,129 318,834 (861) (6,590) (7,451) 1,496 4,753 6,249 |
||||
| 122,375 33,965 161,292 317,632 |
||||
| Depreciation At 1 January 2021 Disposals in the year Charged for the current year At 31 December 2021 |
||||
| 21,812 91,934 113,746 (861) (6,545) (7,406) 2,930 11,060 13,990 |
||||
| 23,881 96,449 120,330 |
||||
| Net book value At 1 January 2021 Disposals in the year Additions this year Depreciation charged this year At 31 December 2021 |
||||
| 122,375 11,518 71,195 205,088 0 (45) (45) 0 1,496 4,753 6,249 (2,930) (11,060) (13,990) |
||||
| 122,375 | 10,084 | 64,843 | 197,302 |
ADLINGTON AND DISTRICT COMMUNITY ASSOCIATION
| 2020 2021 £ £ - 1,723 1,603 - |
||
|---|---|---|
| 5. DEBTORS Room Hire Prepayments Total debtors |
||
| 1,603 1,723 |
||
| 6. BANK R.B.S. Current account R.B.S. High interest account Virgin charity deposit account Total bank |
||
| 611 599 24,065 37,568 83,951 84,062 |
||
| 108,627 122,229 |
||
| 7. CURRENT LIABILITIES Deposits for hall hire Gas Water Electricity Other |
||
| 585 345 64 459 111 0 - 1101 102 805 |
||
| 862 2,710 |
||
| Independent Auditor’s Report |
I have audited the financial statements of Adlington and District Community Association for the year ended 31 December 2021 which comprise the Officers' Reports, the Income Statement, the Statement of Financial Position and the related notes.
In my opinion the Officers' reports and Financial Statements give a true and fair view of the association’s affairs at 31 December 2021 and the profit for the year.
David Worsley