Registered Charity Number 522205 Report of the trustees and Financial Statements For the year ended 31 December 2020 For Cotgrave Social Welfare Scheme & Institute COTGRAVE SOCIAL WELFARE SCHEME & INSTITUTE FINANCIAL ACCOUNTS FOR THE YEAR ENOED 315t DECEMBER 2020 I I:ertify lo the best of my knowledge and belief, that the books, vouchers and infomiation prodU￿d to oiir accountants, from whi¢h the attached accounts have been prepared, contain a full and correct record of the Management Committee's transactions. M Brown Tvustee Date INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF COTGRAVE SOCIAL WELFARE SCHEME & INSTITUTE MANAGEMENT COMMIThEE RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER Tke charity's Iruslees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 43121 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 ut)Jer section 14515llbl of the 2011 A¢t, as amended., and to state whether particular matters have come to my atlenbon. BASIS OF INDEPENDENT EXAMINER'S STATEMENT Ms1 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 cofftparison of the accounts presented with those records. 11 also includes consideotion of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees coicerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a 'true and fair view.. INDEPENDENT EXAMINER'S STATEMENT In -onneclion with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respe¢t the twstees have not mel the requirements to ensure Ihal.. proper accounting records are kept in accordan￿ with section 130 of the Acl,. and accoun15 are prepared which agree with the accounting records and comply with the ac￿o￿nI1n9 requirements of the 2011 Act,. or (21 lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the aceounls to be reached. MrA Slreeler FCA Swandec Chartered Aecountanls s5￿} Valley Road Basford Nottingham NG5 1JJ Cotgrave Soclal Welfare Scheme & Institute Statement of Financlal Activities Fcr the year ended 31st Decembor 2020 Unrestricted Funds Re8tr1eted Funds Total Total 2020 2019 Income and gndowments from Clwritable activities Dcnations Olier trading activities Inieslment income 930 33,671 152 930 33,671 152 15,409 83,242 208 34.753 34,753 98,859 E>4ienditure on charitable a¢tivities Ckaritable activities otier 174,0011 813 174,0011 813 69,449 3,249 Tclal 173.188) 173,188) 72,698 NEt IncomellExpendilurel 107,941 107,941 26,161 Re¢ontiliation of funds Tctsl Funds Brought Fopward 256,812 176,654 433,466 407,305 T(*al Funds Carriod Forward 364,753 176,654 $41,407 433,466 Cotgrave Soclal Welfare Scheme & Institute Notes to the Accounts Schedule of Fixed A$sgts Fc.r the year ended 31" December 2020 Long Fixtures, fittings Leasehold and gquipment Total COST < al 1 January 2020 377,631 624,681 1,002.312 Acdilions Di>posals AE al 31 December 2020 377.631 624,681 1,002,312 DEPRECIATION As at 1 January 2020 115.569 555,806 671.375 Charge {115,5691 17,216 198,3531 Di>F)OS81$ A< at 31 December 2020 573,022 573,022 NET BOOK VALUE As al 310ecember 2020 377,631 S1,669 429.290 As at 31 December 2019 262,062 68,875 330,937 Cotgrave Social Wolfare Scheme & Institute Balan¢• Sheet As at 31" Docember 2020 Unrestrlcted Funds Rostrlcted Funds 2020 2019 FiKed Assgts Tangible Fixed Assets 269,290 160,000 429,290 330,937 Current Assets Debtors Cash al Bank 16,017 81,687 16,017 98,341 20,166 91,692 16,654 97,704 16,654 114,358 111,858 CroditOf5 4thin one year 12,2411 12,2411 19,3291 Net Current Assets 95,463 16,654 112,117 102.529 Total Assèts Los¥ Cuiront Liabilities 364.753 176,654 341,407 433,466 Net Assets 364,753 178,654 S41,407 433,466 Finds U ireslricled R•stricted 384,753 176,654 256,812 176,654 541,407 433,466 ## **Cotgrave Social Welfare Scheme And Institute** ## **Income And Expense Account** **12 Months ended 31 December 2020** |Donations
Drinks raffle
Meat raffles
Sticky 13
Memberships
Room hire and car park
Occupational licence
Deposit account interest
Governement grant
**Expenditure**
Purchases
Rent, rates and water
Insurances
Wages
Pensions
Repairs and renewals
Postage and stationery
Sundry expenses
Grants - paid
Charity hospitality
Accountancy
Professional fees
Auditors remuneration
**Financial costs**
Bank charges
**Depreciation**
Freehold property
Fixtures and fittings
**Total expenditure**
**Net income less expenditure**|**Total**
**12 Mths**|**Last year**
**12 Mths**| |---|---|---| ||930
2,394
469
156
1,293
8,265
900
152
20,192|4,956
8,002
1,765
686
1,857
21,181
60,204
208
0| ||34,753
383
616
1,432
7,052
211
13,439
0
727
0
0
450
35
813|98,859
0
2,431
4,380
7,051
211
24,331
0
1,751
1,312
0
1,733
40
3,249| ||25,157
8|46,489
0| ||8
-115,569
17,216|0
5,824
20,385| ||-98,353
-73,188
107,941|26,209
72,698
26,161| SWANDEC LIMITED Trustees of Cotgrave Social Welfare Scheme From: Andrew Streeter ec: Holly Smrth Date: 18.03.2021 Re: Annual Accounts for Chanty and Club We have now prepared the accounts for both entities and in order to assist the members in understanding them I felt it would be a good idea to mention the salient points from what has been a very difficult year. Charity The main matters to bring to the members attention are as follows.. Government Support - This has been Credited to the Institute initially as the Rate Paying paty but we have allocated some of this to the Club as the trading entity. Repairs & MaIntenan￿- throughout the peri¢)d you have taken advantage of there being no ustomers and refurbished and refreshed many areas putting your own time in lo do this. The schedule shows the breakdown of purchases, some through Amazon and the rest through B & Q and Screwfix Depreciation - The original property is valued for insuranGe purposes in excess of £3 million for rebuilding purposes. Following a discussion at our trustees meeting I suggested that there was no commercial reason why there should be depreciation on the building, it was worth more than the value shown in the accounts. We have therefore reversed the accumulated depreciation which has created a negative charge for the year and for future years, there will be no charge created for the depreciation of the property. Occupational Licen￿ - Obviously due lo the lack of trading within the club, there has been no profit which is the source of the occupational licence. Assuming the roadmap issued by the govemment happens then this will change for the current year. Club General - Obviously the trade has been severely affected by the pandemic and this is reflected in the accounts. Wages- these appear to have fallen due to the use of the Job Retention Scheme (furlough). The schedule explains how this has been dealt with in the accounts Light & Heat - This is significantly higher than expected due to th6 closure of Ihe club. However, it has been caused by the use of part of the premises as a community kilchen for providing meals to the community during the various lockdowns and should be deemed as a charrtable donation. It has not been specified as such due to the difficulty of placing a specific number on it and is noted here for reference for the members General Th trustees have used the pandemic lo improve the facilities on behalf of the members and aged to maint e Institutes reserves throughout using the grant income efficiently Streeter 18.03.21