Charity registration number: 519849
The Community of Grace
Annual Report and Financial Statements for the Year Ended 31 March 2021
The Community of Grace
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 |
| Statement of Trustees' Responsibilities | 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 16 |
The Community of Grace
Reference and Administrative Details
Trustees
Mr Ben Brown Reverend David Howlett Reverend Dr Deborah Baird Charity Registration Number
519849 Principal Office
119 Margaret Road Leicester LE5 5FW
Independent Examiner
AIMS Accountants for Business 115 Crosland Road Oakes Huddersfield HD3 3PW
Page 1
The Community of Grace
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2021.
Objectives and activities
The objects of the charity are the relief of poor persons in Leicester and Leicestershire and elsewhere who are homeless or otherwise socially isolated by providing accommodation and support.
Community of Grace aims to empower homeless and socially isolated people to develop their physical, mental and spiritual capacities so that they may become full members of society playing their part in the local community. We do this by the provision of supported housing ensuring:
-
Safe and nurturing accommodation that provides a stable living experience to those who are homeless and in need.
-
People are supported to develop positive relationships and gain life skills to live independently and maintain their accommodation.
-
Every person has a support plan that identifies his or her health, education and training needs and opportunities.
-
Our accommodation is fit for purpose and we strive to improve the standard wherever possible.
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A reduction in homelessness, repeat homelessness and risk of homelessness including offering advice, guidance & support.
-
The offer of therapeutic activity to help people develop physically, mentally and spiritually.
Accommodation
Community of Grace provides accommodation and support for individuals who are homeless or socially isolated in houses across Leicester.
Over the 12 month period we have successfully moved on 9 individuals into permanent homes or appropriate supported accommodation.
Guidance & Support
Alongside providing accommodation we have offered support and advice to people who are homeless and supported them to make housing applications through the local authority, RSLs, and other charities to make sure individuals are not sleeping on the streets and have appropriate accommodation.
Life Skills
As part of Community of Grace the residents must participate in everyday life, helping them gain confidence and the skills for maintaining their own accommodation. They gain further practical and social skills by joining activity at our community hub and garden.
Page 2
Activity during the Covid-19 pandemic
In March 2020 Community of Grace set up a dedicated hub with One Roof Leicester to help make sure people who were vulnerably housed or socially isolated could receive food and basic resources during the pandemic.
Since then we have been helping over 50 people a week across the city who are vulnerable, isolating or in poverty. A volunteer visits every week to deliver healthy, fresh veg, fruit and meat alongside staples like pasta, rice and tinned food. The weekly visits mean we can check in with people and support them with their housing, benefits or health needs if necessary and be a friendly face.
We deliver produce grown at our community garden to vulnerable households, along with food from the redistribution charity FareShare and other donations.
The service is going to continue into the next financial year due to the ongoing Covid-19 pandemic.
Training & Development
All training has been carried out online due to the Covid-19 pandemic
Buildings
The Trustees are now working with GraceWorks Gardens Ltd and are considering the location and type of housing the charity needs for its long term future.
We are aware that the country is going to change over the next 12 months from the effects of the Covid-19 pandemic and are we working on strategies to keep our clients safe and well in these changing times.
Structure, governance and management
Community of Grace is a charitable trust governed by a Trust Deed dated 22 December 1987 and has a registered charity no 519849.
The trustees who have served during the period are set out on page 2. The number of trustees should be a minimum of three. The existing trustees appoint new trustees. The trustees meet regularly to discuss the business of the charity.
Trustee Induction
New trustees attend an induction. This includes information on Community of Grace and other relevant documents e.g. constitution, budgets, minutes of trustee meetings and the most recent project update.
Plans for the Future
With the ongoing Covid-19 pandemic The Community of Grace has made the decision to:
-
Continue to offer weekly support and food to all our clients both at our accommodation and in the community.
-
Work with GraceWorks Gardens Ltd to identify land for future housing development.
-
Support people who are homeless into their own permanent accommodation.
Public benefit
Activities undertaken to further public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 3
Structure, governance and management Financial instruments
Objectives and policies
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Financial Review
During the year ended 31 March 2021 the charity received income of £53,449, which includes grants of £29,149, donations of £16,137, rental income of £8,158 and investment income of £5.
Expenditure of £42,019 was incurred during the period. Overall there was a surplus of £11,430
Reserves and Investment policy
The charity currently has no significant reserves. At this stage the opportunity for the charity to adopt a formal investment policy is not practical due to its limited funds.
However the ownership of Land and Buildings provides a source of funding, if realised, or is available as security for borrowing to sustain the charity and its objectives.
The annual report was approved by the trustees of the charity on 30 January 2022 and signed on its behalf by:
......................................... Mr Ben Brown Trustee
Page 4
The Community of Grace
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 30 January 2022 and signed on its behalf by:
......................................... Mr Ben Brown Trustee
Page 5
The Community of Grace
Independent Examiner's Report to the trustees of The Community of Grace
I report to the trustees on my examination of the accounts of The Community of Grace for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of The Community of Grace you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Community of Grace's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of The Community of Grace as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... David Dyson ACA
115 Crosland Road Oakes Huddersfield HD3 3PW
29 January 2022
Page 6
The Community of Grace
Statement of Financial Activities for the Year Ended 31 March 2021
| Unrestricted funds Total 2021 |
Unrestricted funds Total 2021 |
|---|---|
| Note £ £ |
|
| Income and Endowments from: | |
| Donations and legacies | 16,137 16,137 |
| Charitable activities | 29,149 29,149 |
| Investment income 4 |
5 5 |
| Other income | 8,158 8,158 |
| Total income | |
| 53,449 53,449 |
|
| Expenditure on: | |
| Charitable activities | (42,019) (42,019) |
| Total expenditure | |
| (42,019) (42,019) |
|
| Net income | |
| 11,430 11,430 |
|
| Net movement in funds | |
| 11,430 11,430 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 755,219 755,219 |
|
| Total funds carried forward 11 |
|
| 766,649 766,649 |
|
| Unrestricted Total |
|
| funds 2020 |
|
| Note | £ £ |
| Income and Endowments from: | |
| Donations and legacies | 9,424 9,424 |
| Charitable activities | 745 745 |
| Investment income 4 |
12 12 |
| Other income | 19,961 19,961 |
| Total income | |
| 30,142 30,142 |
|
| Expenditure on: | |
| Charitable activities | (27,875) (27,875) |
| Total expenditure | |
| (27,875) (27,875) |
|
| Net income | |
| 2,267 2,267 |
|
| Net movement in funds | |
| 2,267 2,267 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 752,953 752,953 |
|
| Total funds carried forward 11 |
|
| 755,220 755,220 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 11.
The notes on pages 9 to 16 form an integral part of these financial statements. Page 7
The Community of Grace
(Registration number: 519849) Balance Sheet as at 31 March 2021
| 2021 2020 |
|
|---|---|
| Note | £ £ |
| Fixed assets | |
| Tangible assets 8 |
754,050 750,000 |
| Current assets | |
| Cash at bank and in hand 9 |
16,471 9,224 |
| Creditors: Amounts falling due within oneyear 10 |
|
| (3,872) (4,004) |
|
| Net currentassets | |
| 12,599 5,220 |
|
| Netassets | |
| 766,649 755,220 |
|
| Funds of the charity: | |
| Unrestricted income funds | |
| Unrestricted funds | 16,649 5,220 |
| Revaluation reserve | 585,000 585,000 |
| Other reserves | 165,000 165,000 |
| Total unrestricted funds | |
| 766,649 755,220 |
|
| Total funds 11 |
|
| 766,649 755,220 |
The financial statements on pages 5 to 14 were approved by the trustees, and authorised for issue on 30 January 2022 and signed on their behalf by:
......................................... Mr Ben Brown Trustee
The notes on pages 9 to 16 form an integral part of these financial statements. Page 8
The Community of Grace
Notes to the Financial Statements for the Year Ended 31 March 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Community of Grace meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 9
The Community of Grace
Notes to the Financial Statements for the Year Ended 31 March 2021
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustee’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Page 10
The Community of Grace
Notes to the Financial Statements for the Year Ended 31 March 2021
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 11
The Community of Grace
Notes to the Financial Statements for the Year Ended 31 March 2021
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Page 12
The Community of Grace
Notes to the Financial Statements for the Year Ended 31 March 2021
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
- 2 Income from donations and legacies
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| General | funds | |
| £ | £ | |
| Donations and legacies; | ||
| Legacies | 16,137 | 16,137 |
| Total for 2021 | 16,137 | 16,137 |
| Total for 2020 | 9,424 | 9,424 |
- 3 Income from charitable activities
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| General | funds | ||
| £ | £ | ||
| 29,149 | 29,149 | ||
| Total for | 2021 | 29,149 | 29,149 |
| Total for | 2020 | 745 | 745 |
Page 13
The Community of Grace
Notes to the Financial Statements for the Year Ended 31 March 2021
| 4 Investment Income | Total | |||
|---|---|---|---|---|
| General | funds | |||
| £ | £ | |||
| Interest receivable and similar income; | ||||
| Interest receivable on bank deposits | 5 | 5 | ||
| Total for 2021 | 5 | 5 | ||
| Total for 2020 | 12 | 12 |
5 Other income
| Unrestricted | ||
|---|---|---|
| funds | Total | |
| General | funds | |
| £ | £ | |
| Rental income | 8,156 | 8,156 |
| Total for 2021 | 8,156 | 8,156 |
| Total for 2020 | 19,549 | 19,549 |
6 Expenditure on charitable activities
| Unrestricted | |
|---|---|
| funds Total |
|
| General funds |
|
| Note | £ £ |
| Allocated support costs | 38,456 38,456 |
| Governance costs | 3,563 3,563 |
| Total for 2021 | |
| 42,019 42,019 |
|
| Total for 2020 | |
| 27,875 27,875 |
Page 14
The Community of Grace
Notes to the Financial Statements for the Year Ended 31 March 2021
Total expenditure £
7 Taxation
The charity is a registered charity and is therefore exempt from taxation.
8 Tangible fixed assets
| Land and buildings Furniture and equipment Other tangible fixed asset Total |
Land and buildings Furniture and equipment Other tangible fixed asset Total |
|---|---|
£ £ £ £ |
|
| Cost | |
| At 1 April 2020 750,000 - - 750,000 |
|
| Additions - 547 3,503 4,050 |
|
| At 31 March 2021 750,000 547 3,503 754,050 |
|
| Depreciation | |
| At 31 March 2021 - - - - |
|
| Net book value | |
| At 31 March 2021 750,000 547 3,503 754,050 |
|
| At 31 March 2020 750,000 |
|
| - - 750,000 |
|
| 9 Cash and cash equivalents |
|
| 2021 2020 |
|
| £ £ |
|
| Cash at bank | 16,471 9,224 |
| 10 Creditors: amounts falling due within one year |
|
| 2021 2020 |
|
| £ £ |
|
| Trustees current accounts | 5 5 |
| Other creditors | (1) (1) |
| Accruals | 3,868 4,000 |
| 3,872 4,004 |
Page 15
The Community of Grace
Notes to the Financial Statements for the Year Ended 31 March 2021
11 Funds
| 11 Funds |
||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance | at 31 | ||
| April | 2020 | resources | expended | March | 2021 | |
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General | 755,219 | 53,449 | (42,019) | 766,649 | ||
| Balance at 1 | Incoming | Resources | Balance | at 31 | ||
| April | 2019 | resources | expended | March | 2020 | |
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General | 752,953 | 30,142 | (27,875) | 755,220 |
12 Analysis of net assets between funds
| 12 Analysis of net assets between funds |
|
|---|---|
| Unrestricted Total funds at 31 |
|
| funds March |
|
| General 2021 |
|
| £ £ |
|
| Tangible fixed assets | 754,050 754,050 |
| Current assets | 16,471 16,471 |
| Current liabilities | (3,872) (3,872) |
| Total net assets | |
| 766,649 766,649 |
|
| Unrestricted Total funds at 31 |
|
| funds March |
|
| General 2020 |
|
| £ £ |
|
| Tangible fixed assets | 750,000 750,000 |
| Current assets | 9,224 9,224 |
| Current liabilities | (4,004) (4,004) |
| Total net assets | |
| 755,220 755,220 |
|
| 13 Analysis of net funds |
|
| At 31 March | |
| At 1 April 2020 2021 |
|
£ £ |
|
| Cash at bank and in hand | 9,224 9,224 |
| Net debt | |
| 9,224 9,224 |
Page 16
The Community of Grace
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Total Total |
|
|---|---|
| 2021 2020 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies (analysed below) | 16,137 9,424 |
| Charitable activities (analysed below) | 29,149 745 |
| Investment income (analysed below) | 5 12 |
| Other income(analysed below) | 8,158 19,961 |
| Total income | |
| 53,449 30,142 |
|
| Expenditure on: | |
| Charitable activities(analysed below) | (42,019) (27,875) |
| Total expenditure | |
| (42,019) (27,875) |
|
| Net income | |
| 11,430 2,267 |
|
| Net movement in funds | |
| 11,430 2,267 |
|
| Reconciliation of funds | |
| Total funds brought forward | |
| 5,219 2,953 |
|
| Total funds carried forward | |
| 16,649 5,220 |
This page does not form part of the statutory financial statements. Page 17
The Community of Grace
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Total Total |
|
|---|---|
| 2021 2020 |
|
| £ £ |
|
| Donations and legacies | |
| Legacies and bequests | 16,137 9,424 |
| 16,137 9,424 |
|
| Charitable activities | |
| Grants receivable | 29,149 745 |
| 29,149 745 |
|
| Investment income | |
| Interest on cash deposits | 5 12 |
| 5 12 |
|
| Other income | |
| Rental income | 8,156 19,549 |
| Other income | 2 412 |
| 8,158 19,961 |
|
| Charitable activities | |
| Volunteer expenses | (1,356) - |
| Rent | (2,745) - |
| Rates | (1,170) (1,126) |
| Water rates | (1,182) (2,257) |
| Light, heat and power | (4,980) (10,134) |
| Insurance | (8,902) (8,834) |
| Premises expenses | - (940) |
| Client welfare | (12,280) (1,903) |
| Repairs and renewals | (333) (168) |
| Telephone and broadband | (841) (80) |
| Website development | (1,300) - |
| Hire of other assets (Operating leases) | (1,056) (1,152) |
| Sundry expenses | (92) (23) |
| Cleaning | (2,125) - |
| Advertising | (94) - |
| Bank charges | - (30) |
| Staff training | (2,733) (864) |
| Subscriptions and licences | (30) (154) |
| Accountancy fees | (210) (210) |
| Consultancy | (590) - |
| (42,019) (27,875) |
This page does not form part of the statutory financial statements. Page 18