**Charity number: 525115** ## **LUKES LANE COMMUNITY ASSOCIATION** **Report of the Trustees and Unaudited Financial Statements** **For the year ended 31 March 2021** ## **LUKES LANE COMMUNITY ASSOCIATION Contents Page For the year ended 31 March 2021** |Report of the Trustees|1| |---|---| |Independent Examiner's Report to the Trustees|2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 9| |Detailed Statement of Financial Activities|10| ## **LUKES LANE COMMUNITY ASSOCIATION Report of the Trustees For the year ended 31 March 2021** The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** LUKES LANE COMMUNITY ASSOCIATION **Charity registration number** 525115 **Principal address** MARINE DRIVE HEBBURN TYNE & WEAR NE31 2BA ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Thomas Wilson Brian Berry S Stewart Chris Coventry **Independent examiners** C T Brewster BA Hons FCA 5a Station Terrace East Boldon Tyne & Wear NE36 0LJ Approved by the Board of Trustees and signed on its behalf by ............................................................................. 30 June 2021 Thomas Wilson 1 of 10 ## **LUKES LANE COMMUNITY ASSOCIATION Independent Examiners Report to the Trustees** ## **For the year ended 31 March 2021** I report to the trustees on my examination of the accounts of the charity for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity’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 examiners statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable 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. C T Brewster BA Hons FCA 5a Station Terrace East Boldon Tyne & Wear NE36 0LJ 30 June 2021 2 of 10 ## **LUKES LANE COMMUNITY ASSOCIATION Statement of Financial Activities For the year ended 31 March 2021** |**Notes**
**Income and endowments from:**
Donations and legacies
2
Other trading activites
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5/6
Other expenditure
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
50,968
7,176
**58,144**
(29,789)
(360)
-
**(30,149)**
**27,995**
16,245
**44,240**|**Restricted**
**funds**
**£**
9,900
-
**9,900**
-
-
(13,338)
**(13,338)**
**(3,438)**
3,438
**-**|**2021**
**£**
60,868
7,176
**68,044**
(29,789)
(360)
(13,338)
**(43,487)**
**24,557**
19,683
**44,240**|**2020**
**£**
9,900
17,488| |---|---|---|---|---| |||||**27,388**| |||||(15,850)
(360)
(6,462)| |||||**(22,672)**| |||||**4,716**
14,967| |||||**19,683**| 3 of 10 ## **LUKES LANE COMMUNITY ASSOCIATION Statement of Financial Position As at 31 March 2021** |**Notes**
**Current assets**
9
Debtors
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
10
**Net assets**
**The funds of the charity**
Restricted income funds
11
Unrestricted income funds
11
**Total funds**|**£**
**2021**
-
44,600
**44,600**
**44,600**
**44,600**
(360)
**44,240**
-
44,240
**44,240**|**£**
**2020**
1,161
18,882| |---|---|---| |||**20,043**| |||**20,043**| |||**20,043**| |||(360)| |||**19,683**| |||3,438
16,245| |||**19,683**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Thomas Wilson Trustee 30 June 2021 4 of 10 ## **LUKES LANE COMMUNITY ASSOCIATION Notes to the Financial Statements For the year ended 31 March 2021** ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. LUKES LANE COMMUNITY ASSOCIATION meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **2. Income from donations and legacies** ||**Unrestricted**|**Restricted**|**2021**|**2020**| |---|---|---|---|---| ||**funds**|**funds**||| ||**£**|**£**|**£**|**£**| |Grants received|50,968|9,900|60,868|9,900| ||**50,968**|**9,900**|**60,868**|**9,900**| ## **3. Income earned from other activities** |**Unrestricted funds**
Other activities for generating
funds 1|**2021**
**£**
7,176
**7,176**|**2020**
**£**
17,488| |---|---|---| |||**17,488**| ## **4. Expenditure on generating donations and legacies** |**xpenditure on generating donations and legacies**||| |---|---|---| |**Unrestricted funds**
Support costs|**2021**
**£**
29,789
**29,789**|**2020**
**£**
15,850| |||**15,850**| 5 of 10 ## **LUKES LANE COMMUNITY ASSOCIATION** ## **Notes to the Financial Statements Continued For the year ended 31 March 2021** ## **5. Costs of charitable activities by fund type** |**Unrestricted funds**
Support costs
**osts of charitable activities by activity type**
Activity 2
**nalysis of support costs**
**Voluntary Income**
Management
Governance costs|**2021**
**£**
360
**2021**
**£**
360
**2021**
**£**
29,789
360
**30,149**|**2020**
**£**
360
**2020**
**£**
360
**2020**
**£**
15,850
360| |---|---|---| |||**16,210**| ## **6. Costs of charitable activities by activity type** ## **7. Analysis of support costs** 6 of 10 ## **LUKES LANE COMMUNITY ASSOCIATION** ## **Notes to the Financial Statements Continued For the year ended 31 March 2021** ## **8. Comparative for the Statement of Financial Activities** |**Income and endowments from:**
Donations and legacies
Other trading activites
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other expenditure
**Total**
**Transfers between funds**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
-
17,488
**17,488**
(15,850)
(360)
-
**(16,210)**
(825)
**453**
15,792
**16,245**|**Restricted**
**funds**
**£**
9,900
-
**9,900**
-
-
(6,462)
**(6,462)**
825
**4,263**
(825)
**3,438**|**2020**
**£**
9,900
17,488| |---|---|---|---| ||||**27,388**| ||||(15,850)
(360)
(6,462)| ||||**(22,672)**| ||||-| ||||**4,716**| ||||14,967| ||||**19,683**| ## **9. Debtors** |**Amounts due within one year:**
Trade debtors|**2021**
**2020**
**£**
**£**
-
1,161
**-**
**1,161**| |---|---| ## **10. Creditors: amounts falling due after more than one year** |Accruals and deferred income|**2021**
**£**
360
**360**|**2020**
**£**
360| |---|---|---| |||**360**| 7 of 10 ## **LUKES LANE COMMUNITY ASSOCIATION Notes to the Financial Statements Continued For the year ended 31 March 2021** ## **11. Movement in funds** ## **Unrestricted Funds** |**Unrestricted Funds**|||||| |---|---|---|---|---|---| ||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**| ||**01/04/2020**|**resources**|**resources**||**31/03/2021**| ||**£**|**£**|**£**|**£**|**£**| |_General_|||||| |General|16,245|58,144|(30,149)|-|44,240| ||**16,245**|**58,144**|**(30,149)**|**-**|**44,240**| |**Unrestricted Funds - Previous year**|||||| ||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**| ||**01/04/2019**|**resources**|**resources**||**31/03/2020**| ||**£**|**£**|**£**|**£**|**£**| |_General_|||||| |General|15,792|17,488|(16,210)|(825)|16,245| ||**15,792**|**17,488**|**(16,210)**|**(825)**|**16,245**| ## **Purpose of unrestricted Funds** ## General The fund is used for the purpose of running the Community Association. ## **Restricted Funds** ||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**| |---|---|---|---|---|---| ||**01/04/2020**|**resources**|**resources**||**31/03/2021**| ||**£**|**£**|**£**|**£**|**£**| |Restricted Fund|3,438|9,900|(13,338)|-|-| ||**3,438**|**9,900**|**(13,338)**|**-**|**-**| |**Restricted Funds - Previous year**|||||| ||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**| ||**01/04/2019**|**resources**|**resources**||**31/03/2020**| ||**£**|**£**|**£**|**£**|**£**| |Restricted Fund|(825)|9,900|(6,462)|825|3,438| ||**(825)**|**9,900**|**(6,462)**|**825**|**3,438**| 8 of 10 **LUKES LANE COMMUNITY ASSOCIATION Notes to the Financial Statements Continued For the year ended 31 March 2021** ## **Purpose of restricted funds** Restricted Fund To meet costs as specified by the National Lottery ## **12. Analysis of net assets between funds** |**Analysis of net assets between funds**|||| |---|---|---|---| ||**Net current**|**Creditors >**|**Net Assets**| ||**assets /**|**one year**|| ||**(liabilities)**||| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |_General_|||| |General|44,600|(360)|44,240| |**Restricted funds**|||| ||**44,600**|**(360)**|**44,240**| |**Previous year**|||| ||**Net current**|**Creditors >**|**Net Assets**| ||**assets /**|**one year**|| ||**(liabilities)**||| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |_General_|||| |General|16,605|(360)|16,245| |**Restricted funds**|||| |Restricted Fund|3,438|-|3,438| ||**20,043**|**(360)**|**19,683**| 9 of 10 ## **LUKES LANE COMMUNITY ASSOCIATION Detailed Statement of Financial Activities For the year ended 31 March 2021** |**INCOME AND ENDOWMENT**
**Donations and legacies**
Grants receivable
**Other trading activities**
Income from other activities for generating funds
1
**Total incoming resources**
**EXPENDITURE**
**Other**
Other resources expended 1
**SUPPORT COSTS**
**Management**
Management
**Governance costs**
Governance costs
**Total resources expended**
**Net Income**|**£**
**2021**
60,868
**60,868**
7,176
**7,176**
**68,044**
(13,338)
**(13,338)**
(29,789)
**(29,789)**
(360)
**(360)**
**(43,487)**
**24,557**|**£**
**2020**
9,900| |---|---|---| |||**9,900**
17,488| |||**17,488**| |||**27,388**
(6,462)| |||**(6,462)**
(15,850)| |||**(15,850)**
(360)| |||**(360)**| |||**(22,672)**| |||**4,716**| 10 of 10 This page does not form part of the statutory financial statements