2021-03-31-accounts - Rural Community Action Nottinghamshire

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Reference and Administrative Details
Trustees' Report		2to 5
Independent Examiner's	Report
Statement ofFinancial	Activities	7to 8
Balance Sheet
Notes to the Financial	Statements	10to 24

					Pension
		Unrestricted		Restricted	reserve	Total	Total
			funds	funds	fund	2021	2020
		Note
Income and Endowments		from:
Donations and legacies		2	118,023			118,023	775
Charitable activities		3	32,794	16,666		49,460	176,429
Investment income		5	48			48	271
Total income			150,865	16,666		167,531	177,475
Expenditure on:
Charitable activities		6	(162,762)	(6,749)	(67,000)	(236,511)	(276,138)
Total expenditure			(162,762)	(6,749)	(67,000)	(236,511)	(276,138)
Net (expenditure)/income			(11,897)	9,917	(67,000)	(68,980)	(98,663)
Transfers between	funds		1,370	(1,370)
Other recognised	gains
and losses
Actuarial gains/ (losses) on
defined benefit pension
schemes					(752,000)	(752,000)	(47,000)
Net movement in funds			(10,527)	8,547	(819,000)	(820,980)	(145,663)
Reconciliation offunds
Total funds brought forward			318,546	311,312	(1,454,000)	~824,142)	~678,479)
Total funds carried	forward	20	308,019	319,859	(2,273,000)	(1,645,122)	(824,142)
All ofthe charity'8 activities derive		from continuing	operations	during the above two	periods.

(Including Income and	(Including Income and	Expend	iture Account and Statement ofTotal Reco and Losses)	iture Account and Statement ofTotal Reco and Losses)	iture Account and Statement ofTotal Reco and Losses)	gnised Gains
These are the figures for the		previous	accounting period and are included for comparative			purposes
			Unrestricted	Restricted	Pension	Total
			funds	funds	reserve fund	2020
		Note			f,
Income and Endowments	from:
Donations and legacies		2	775			775
Charitable activities		3	115,876	60,553		176,429
Investment income		5	271			271
Total income			116,922	60,553		177,475
Expenditure on: Charitable activities Total expenditure		6	~169,017 ~(169,017	~49,121 ~49,121	~58,000 ~58,000	276,138 276,138
Net (expenditure)/income			(52,095)	11,432	(58,000)	(98,663)
Other recognised gains and
losses
Actuarial gains/ (losses) on
defined benefit pension
schemes					(47,000)	(47,000)
Net movement in funds			(52,095)	11,432	(105,000)	(145,663)
Reconciliation offunds
Total funds brought forward			370,641	299,880	~(1,349,000	678,479
Total funds carried forward		20	318,546	311,312	(1,454,000)	824,142)

						2021	2020
					Note
Fixed assets
Tangible assets					12	290,000	290,029
Investments					13	190,000	190,000
						480,000	480,029
Current assets
Debtors					14	23,491	61,042
Cash at bank and in hand					15	137,361	126,670
						160,852	187,712
Creditors: Amounts	falling		due within one year		16	(12,974)	(37,883)
Net current assets						147,878	149,829
Net assets excluding	pension liability					627,878	629,858
Pension scheme liability					19	(2,273,000)	(1,454,000)
Net liabilities including		pension liability				1,645,122	824,142
Funds ofthe charity:
Pension reserve fund						(2,273,000)	(1,454,000)
Restricted income funds
Restricted funds					20	319,859	311,312
Unrestricted income	funds
Unrestricted funds						308,019	318,546
Total funds					gp	((,645,(22)	(824,(42)
For the financial year ending			31 March 2021 the charity	was entitled	to exemption	from audit under	section 477 of the
Companies Act 2006 relating to small companies.

						Unrestricted
						funds
							Total	Total
						General	2021	2020
Donations and		legacies;
	Donations from		companies,	trusts and	similar proceeds	10,129	10,129	775
Grants, including			capital grants;
	Government	grants				64,129	64,129
	Grants irom	other charities				43,765	43,765
						118,023	118,023	773
3	Income from		charitable	activities
					Unrestricted
					funds
						Restricted	Total	Total
					General	funds	2021	2020
	Bike rental					1,666	1,666
	Contracts					15,000	15,000
	Membership	fees			5,778		5,778
	Sales				3,183		3,183
	Wind Turbine income				22,395		22,395
	Sundry income				1,438		1,438
	Core							115,876
	Safer, Stronger		Greener
	Communities							34,046
	Transport and Access							26,507
					32,794	16,666	49,460	176,429

			Unrestricted	Restricted
			funds	funds	Total
Action with Communities		in Rural England	42,080		42,080
LIS - Nottinghamshire Together			3,104		3,104
Bassetlaw District Council			10,000		10,000
Nottinghamshire	Association ofVillage and Community
Halls			1,685		1,685
Nottinghamshire	County Council		18,000		18,000
Say Now			4,000		4,000
Rushcliffe Borough Council			18,500		18,500
Gedling Borough	Council		10,000		10,000
VCS Emergencies	Partnership		3,000		3,000
HMRC JRS			7,629		7,629
Sundry donations			25		25
			118,023		118,023
5 Investment income
			Unrestricted
			funds
				Total	Total
			General	2021	2020
Interest receivable	and similar income;
Interest receivable on bank deposits			48		271

6 Expenditure on	char	itable activities
		Unrestricted	Restricted	Pension reserve	Total	Total
		General funds	funds	fund	2021	2020
Staffcosts		115,847			115,847	165,540
FRS102Recognised
pension costs				67,000	67,000	35,000
Legal &professional
fees		11,467			11,467	10,571
Travel &subsistence		25			25	1,657
Motor expenses			6,749		6,749	15,546
Rent, rates, insurance	&
services		10,505			10,505	9,338
ITsupport &
maintenance		2,793			2,793	5,862
Grants given		7,500			7,500	11,298
Depreciation		29			29	833
Bank charges		357			357
External room hire &
storage fees		1,264			1,264
Office &general
expenses		751			751	11,253
Telephone		2,949			2,949
Printing, postage &
stationery		2,236			2,236
Publications &
subscriptions		5,792			5,792
Publicity &promotional		901			901
Sundry expenses		346			346
Project management support	&					8,440
Donations						800
		162,762	6,749	67,000	236,511	276,138

During the pe follows:	riod, the fees payable (excluding VAT) to the	charity's independent examiner a	re analysed as
		2021	2020
Independent examination		1,000	1,350
Other financial	services	1,245	1,600
		2,245	2,950
10 Staff costs
The aggregate	payroll costs were as follows:
		2021	2020
Staffcosts during the year were:
Wages and salaries		87,364	87,479
Social security	costs	3,994	6,511
Pension costs		24,489	16,744
Compensation	payments		1,806
PRS102pension service &interest costs		67,000	88,000
		182,847	200,240

12 Tangible fixed assets
	Land &	Fixtures &	Motor	Computer
	buildings	fittings	vehicles	equipment	Total
Cost
At 1 April 2020	290,000	3,930	14,568	10,905	319,403
At 31March 2021	290,000	3,930	14,568	10,905	319,403
Depreciation
At 1 April 2020		3,930	14,568	10,876	29,374
Charge for the year				29	29
At 31March 2021		3,930	14,568	10,905	29,403
Net book value
At 31March 2021	290,000				290,000
At 31March 2020	290,000			29	290,029

13 Fixed	asset investments
		2021	2020
Investment	properties	190,000	190,000
Investment	properties
			Investment
			properties f
Cost or Valuation
At 1 April	2020		190,000
Provision
At 31March 2021
Net book	value
At 31March 2021			190,000
At 31March 2020			190,000

14 Debtors
	2021	2020
Trade debtors	6,648	22,492
Prepayments	6,423	13,078
Other debtors	10,420	25,472
	23,491	61,042
Debtors includes fNil (2020:f11,579)receivable after more than one year.

15 Cash and cash equiv	alents
		2021	2020
Cash on hand		404	404
Cash at bank		136,957	126,266
		137,361	126,670
16 Creditors: amounts	falling due within one year
		2021	2020
Trade creditors		5,807	4,393
Other taxation and social	security	2,947	2,569
Other creditors		428	528
Accruals		3,792	6,208
Deferred income			24,185
		12,974	37,883

Total future minimum lease payments under non-cancell	able operating leases are as follows:
	2021	2020
	f
Arnot Hill House
Within one year	2,865	6,875
Between one and five years		2,865
	2,865	9,740
Printer/photocopier
Within one year	1,608
Between one and five years	6,044
	7,652

The amounts recognised in the statement	offinancial position are a	s follows:
		2021	2020
Fair value ofscheme assets Present value ofdefined benefit obligation		2,903,000 ~5,176,000	1,968,000 ~3,422,000
Defined benefit pension scheme deficit		(2,273,000)	1,454,000)
Defined benefit obligation
Changes in the defined benefit obligation	are as follows:
			2021
Present value at start ofyear			3,422,000
Current service cost			32,000
Interest cost			86,000
Actuarial gains and losses			1,200,000
Benefits paid			430,000
Contributions by scheme participants			6,000
Present value at end ofyear			5,176,000

Changes in the fair value ofsche	me asset	s are as f	ollows:
				2021
Fair value at start ofyear				1,968,000
Interest income				52,000
Return on plan assets, excluding	amounts	included	in interest income/(expense)	424,000
Employer contributions				24,000
Contributions by scheme participants				6,000
Benefits paid Administration expenses				430,000 ~1,000)
Fair value at end ofyear				2,903,000
Analysis ofassets

Contributions by scheme participants Benefits paid Administration expenses Fair value at end ofyear Analysis ofassets The major categories ofscheme assets are as follows:		6,000 430,000 ~1,000) 2,903,000
	2021	2020
Cash and cash equivalents	155,000	48,000
Equity instruments	1,850,000	1,258,000
Debt instruments	103,000	65,000
Property	308,000	250,000
Other bonds	217,000	171,000
Inflation - linked pooled fund and infrastructure	270,000	176,000
	2,903,000	1,968,000
Return on scheme assets
	2021	2020
	426,000	~)83,000)

								2021	2020
							Years		Years
Current UK pensioners			at	retirement age -	male			22.00	22.00
Current UK pensioners			at	retirement age -	female			25.00	24.00
Future UK pensioners			at retirement age - male					23.00	23.00
Future UK pensioners			at retirement age - female					26.00	26.00
20 Funds
				Balance at				Other	Balance at
				1April	Incoming	Resources		recognised	31March
				2020	resources	expended	Transfers	gains/(losses)	2021
Unrestricted funds
General
General fund				317,291	150,865	(162,762)	2,625		308,019
Designated
Designated fund				1,255			(1,255)
Total Unrestricted		funds		318,546	150,865	(162,762)	1,370		308,019
Restricted funds
Safer, Stronger,	Greener
Communities				8,383			(8,383)
Land Fund				290,000					290,000
Wheels to Work				11,559	16,666	(6,749)	8,383		29,859
Healthier Communities				1,370			(1,370)
Total restricted	funds			311,312	16,666	(6,749)	(1,370)		319,859
Other funds
Pension reserve	fund			(~3,454,000		(67,000)		~752,000)	~2,273,000
				(1,454,000)		(67,000)		(752,000)	(2,273,000)
Total funds				~824, 342	167,531	~236,533	-	~752,000	~3,645,122

Notes to the Financia	Notes to the Financia	l Statemen	ts for the Y	ear Ended 31March 2021	ear Ended 31March 2021	ear Ended 31March 2021
These are theftgures for the previous		accounting	period and are	included for cotnparative purposes:
					Other	Balance at
	Balance at 1		Incoming	Resources	recognised	31March
		April 2019	resources	expended	gains/(losses)	2020
Unrestricted funds
General
General fund		369,386	116,922	(169,017)		317,291
Designated
Designated fund		1,255				1,255
Total unrestricted	funds	370,641	116,922	(169,017)		318,546
Restricted funds
Safer, Stronger, Greener
Communities		7,345	34,046	(33,008)		8,383
Land Fund		290,000				290,000
Wheels to Work		1,165	26,507	(16,113)		11,559
Healthier Communities		1,370				1,370
Total restricted funds		299,880	60,553	~49,121)		311,312
Other funds
Pension reserve fund		(1,349,000)		(58,000)	(47,000)	(1,454,000)
		(1,349,000)		(58,000)	(47,000)	(1,454,000)
Total funds		(678,479)	177,475	(276,138)	(47,000)	(824,142)

		Unrestricted
		funds
			Restricted	Pension	2021
		General	funds	reserve fund	Total funds
Tangible	fixed assets		290,000		290,000
Fixed asset investments		190,000			190,000
Current	assets	130,993	29,859		160,852
Current	liabilities	(12,974)			(12,974)
Pension	scheme liability			(2,273,000)	(2,273,000)
Total net assets		308,019	319,859	~2,273,000	~),645,)22)
		Unrestricted
		funds
			Restricted	Pension	2020
		General	funds	reserve fund	Total fuuds
Tangible	fixed assets	29	290,000		290,029
Fixed asset investments		190,000			190,000
Current	assets	166,400	21,312		187,712
Current Pension	liabilities scheme liability	(37,883)		1,454,000	(37,883) ~1,454,000
Total net assets		318,546	311,312	~1,454,000)	(824,142)