Linwood Community Co-operative Limited,Ltd - AccountsChartiy- Accounts

LINWOOD COMMUNITY CO-OPERATIVE LTD - Company Information

2020-04-01 04989222 2021-03-31 04989222 2020-04-01 2021-03-31 04989222 uk-bus:Director1 2020-04-01 2021-03-31 04989222 uk-bus:Director1 2021-03-31 04989222 uk-bus:Director2 2020-04-01 2021-03-31 04989222 uk-bus:Director2 2021-03-31 04989222 uk-bus:Director3 2020-04-01 2021-03-31 04989222 uk-bus:Director3 2021-03-31 04989222 uk-bus:Director4 2020-04-01 2021-03-31 04989222 uk-bus:Director4 2021-03-31 04989222 uk-bus:Director5 2020-04-01 2021-03-31 04989222 uk-bus:Director5 2021-03-31 04989222 2020-03-31 04989222 2019-04-01 2020-03-31 04989222 uk-char:TotalRestrictedIncomeFunds 2020-04-01 2021-03-31 04989222 uk-char:TotalUnrestrictedFunds 2020-04-01 2021-03-31 04989222 uk-core:WithinOneYear 2021-03-31 04989222 uk-core:WithinOneYear 2020-03-31 04989222 uk-char:TotalRestrictedIncomeFunds 2021-03-31 04989222 uk-char:TotalRestrictedIncomeFunds 2020-03-31 04989222 uk-char:TotalUnrestrictedFunds 2021-03-31 04989222 uk-char:TotalUnrestrictedFunds 2020-03-31 04989222 uk-core:FurnitureFittings 2020-04-01 2021-03-31 04989222 uk-core:ComputerEquipment 2020-04-01 2021-03-31 04989222 uk-char:Activity1 2020-04-01 2021-03-31 04989222 uk-char:Activity1 2019-04-01 2020-03-31 04989222 uk-char:Activity2 2020-04-01 2021-03-31 04989222 uk-core:OfficeEquipment 2020-03-31 04989222 uk-core:ComputerEquipment 2020-03-31 04989222 uk-core:ComputerEquipment 2021-03-31 04989222 uk-core:OfficeEquipment 2021-03-31 04989222 uk-core:OfficeEquipment 2020-04-01 2021-03-31 04989222 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2020-04-01 2021-03-31 04989222 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2019-04-01 2020-03-31 04989222 uk-char:TotalUnrestrictedFunds 2019-04-01 2020-03-31 04989222 uk-char:MaterialFund1 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure 04989222 uk-bus:AuditExemptWithAccountantsReport 2020-04-01 2021-03-31 04989222 uk-bus:FRS102 2020-04-01 2021-03-31 04989222 uk-bus:FullAccounts 2020-04-01 2021-03-31

(England and Wales)

Company number: 04989222

Charity number: 1102382

Linwood Community Co-operative Limited

For the year ended 31 March 2021

Trustees Report and Unaudited Financial Statements

For the year ended 31 March 2021

Linwood Community Co-operative Limited

Contents Page

1 to 3

Report of the Trustees

Independent Examiner's Report to the Trustees

Statement of Financial Activities

Statement of Financial Position

7 to 15

Notes to the Financial Statements

For the year ended 31 March 2021

Linwood Community Co-operative Limited

Report of the Trustees

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial

statements for the charitable company 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).

Chair's report

The 2021 financial year has been a challenging one for the charity; the coronavirus pandemic brought with it many difficulties to

overcome. Due to national lockdowns and other social restrictions, the charity was unable to deliver the core support and services that it

has worked so hard to build up over the last few years and the centre found itself having to close from the end of March 2020 to

September 2020.

The cafe opened to offer take-a-way facilities but only managed to do this until October 2020; the facilities and halls are open to hire for

limited numbers but parties cannot take place until government restrictions are lifted.

Government support and in particular grants through the job retention scheme has ensured that we have been able to protect jobs.

During the period of closure, the trustees were formulating ideas on how best to support the local community through this challenging

time. At the end of November 2020, 'Kingswood Community Support', was set up, based at Kingswood Neighbourhood Centre. This was

a project set up as a result of reports received from local residents, who were struggling with food and home energy poverty. The project

was initially funded by way of a grant from NCF, from their emergency COVID fund, it provided funding for a paid youth worker and

support for 5 volunteers. Twice weekly visits were made to the estate to hand out pack ups and engage with the young people of the

estate, to try and ease the problems of anti-social behaviour, that was on the rise due to lockdown frustrations. Facilities were also opened

so that food parcels and pack ups could be collected from, Kingswood Neighbourhood Centre, during the day.

Additional funding was provided by KHL Big Local and DEFRA, providing financial support which was expended solely on household

and food items.

The charity hadn't anticipated the need for support to be so great and the project quickly expanded, helping residents throughout Corby,

not just the local estate. Links were forged with several agencies in the Northamptonshire area, to help support the community as a whole,

providing a range of items including food parcels, household cleaning parcels, men and women's toiletry parcels, baby parcels and PPE

parcels.

Donated goods and services were greatly received from local businesses, organisations and members of the public. Morrisons provided

weekly food donations, clothes and toys were donated by members of the public and Kingswood Cornerstone Methodist Church. Further

donations came from, The Udder Pre-school, Tayto, 7 Graphics and MMA 4 Kids.

In January 2021, Kingswood Community Support became a referral partner for the COVID winter grant scheme; this scheme was set up

to help people on low incomes, struggling with food and home energy poverty during the coronavirus pandemic. The scheme ran until

April 2021.

Plans are in place through the project, in conjunction with Kingswood Primary School, to set up youth club facilities for when lockdown

restrictions fully lift. It will provide a safe warm environment for younger people offering activities such as sport, music and arts and

crafts. Informal sessions are planned with career organisations and the police and educational sessions dealing with other social issues.

In conclusion, despite the challenges faced, I am very proud of the achievements of the co-operative, the support of the staff and trustees

and our continued relevance to the life of the estate residents.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's main objective is the provision of community facilities which operate from a local community centre. The trustees aim is to make the community centre sustainable and provide a warm and welcoming environment to the local community and to forge links with the local authorities and council.

The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Social investments

The charity enables local residents and organisations to come together and through the provision of facilities and support to local groups enable the community to grow together and bring positive changes to their lives and futures.

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Report of the Trustees Continued

Volunteers

The charity is grateful for the support and effort of its volunteers who have given valuable time in managing the centre, organising activities , gardening and ensuring that the centre is a valuable community asset. All of our staff and volunteers hold food hygiene Level 2 qualifications providing excellent service to our users. We are always looking for volunteers to support our staff and training plans are subsidised to enable more formal qualifications to be gained.

ACHIEVEMENTS AND PERFORMANCE

The coronavirus pandemic has affected the charity's ability to carry out its planned objectives and had to close for part of the year. This time was used by the trustees to reflect on how the charity could best serve the local community and from this 'Kingswood Community Support' was established

Significant activities

Through support from volunteers and funding from NCF's emergency COVID fund and KHL Big Local, the charity was able to engage a youth worker and with the support of the volunteers visited the estate twice weekly to hand out food pack ups and engage with the young people in an attempt to provide emotional support to deter antisocial behaviour. Facilities were also opened so that food parcels could be picked up from Kingswood Neighbourhood Centre throughout the day. The charity hadn't anticipated the need to be so great and the project quickly expanded to help residents throughout Corby. Links were forged with several agencies in Northamptonshire to support the community as a whole and as well as food packages, this was extended to household cleaning parcels, baby parcels and PPE parcels. This couldn't have been achieved without donated goods and services from local businesses, local organisations and the general public.

Achievements against objectives

Despite the challenges of the coronavirus pandemic, the trustees feel that the charity has been successful in the support of its local residents through such a difficult time. Plans are in place to set up youth club facilities to provide a warm and safe environment for younger people when restrictions are fully lifted. Activities that are planned are sports, music, arts and crafts and support through workshops.

FINANCIAL REVIEW

The community centre, for a great part of the year has been shut; cafe and facility use has reduced dramatically, mainly through social distancing restrictions. Core funding is received from Corby Borough Council and the contribution received in the current year amounted to £17,200 (2020: £23,957). Other grant funding has seen a decline from regular contributors also, the amounts received in the current year amounted to £5,157 (2020: £16,907). Funding was obtained through grants from Defra and NCF to help with COVID support Income from cafe sales and facility hire amounted to £23,115 (2020: £107,523). Specific coronavirus support was received through the job retention scheme and other local authority COVID grants totalling £58,077. Through careful control of costs the trustees are pleased to report a surplus for the year of £25,229 (2020: £43,361). The coming year will be a testing time as society recovers from the COVID-19 pandemic. The charity has benefited from a range of government supported financial measures to ensure that staff levels are maintained and services are still available to the community.

Reserves

The charity holds £271,676 unrestricted reserves at the year-end (2020: £246,627). It is the aim of the charity to hold reserves representing six months operating costs. At 31 March 2021 the trustees are pleased to report reserves held in excess of this amount. The charity also holds £20,000 in a restricted fund, this has been earmarked by the charity to help local groups to get established and become sustainable.

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Report of the Trustees Continued

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Linwood Community Co-operative Limited is a company limited by guarantee governed by its Memorandum and Articles of Association

dated 9 December 2003 (updated 3 August 2011). It is registered as a charity with the Charity Commission. Anyone over the age of 18

can become a member of the company; at the year-end there were five members.

The charity has five trustees, the majority of who are also directors. Collectively they form a management committee together with other

members; they will make the final decisions with regard to staffing, recruitment, policy making and finance. they meet on a monthly

basis.

Mrs Lynn Johnston trustee and director is responsible for the day to day management of the charity.

Recruitment and appointment of trustees

The current trustees and directors have been recruited from volunteers within the local community. recruitment is advertised internally for vacancies and approaches made to community user groups. All new trustees are given a copy of the memorandum and articles of association and instructed on the duties and responsibilities of a charity trustee. All the trustees are familiar with the work of the charity as they all are or have been members.

Pay policy for senior staff

The management committee are responsible for recruitment and setting pay policy. Pay and salaries are reviewed annually by the committee and are set with reference to government and local authority guidance as budgets permit.

REFERENCE AND ADMINISTRATIVE INFORMATION

Linwood Community Co-operative Limited

Name of Charity

Charity registration number

1102382

04989222

Company registration number

Kingswood Community Centre

Principal address

Alberta Close

Corby

Northamptonshire

NN18 9HU

Trustees

The trustees and officers serving during the year and since the year end were as follows:

B B Massie

L E Johnston

J Wood

S J Ford

J M Freeman

McIntyre & McIntyre

Independent examiners

6A Ryder Court

Saxon Way East

Corby

Northamptonshire

NN18 9NX

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Report of the Trustees Continued

Barclays Bank plc

Bankers

1 Queens Square

Corby

Northamptonshire

NN17 1PD

.............................................................................

Approved by the Board of Trustees and signed on its behalf by

23 August 2021

J Wood

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Independent Examiners Report to the Trustees

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the requirements of section 396 of the 2006 Act 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; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for

accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard

applicable in the UK and Republic of Ireland (FRS 102).

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.

McIntyre & McIntyre

David McIntyre FMAAT

6A Ryder Court

Saxon Way East

Corby

Northamptonshire

NN18 9NX

23 August 2021

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Statement of Financial Activities (including Income and Expenditure Account)

Notes

2020

2021

Restricted

funds

Unrestricted

funds

Income and endowments from:

Donations and legacies

37,986

40,864

37,986

Charitable activities

23,115

107,523

23,115

Investments

Other income

58,077

Total

119,210

148,463

119,210

Expenditure on:

Charitable activities

(94,161)

(105,102)

6/7

Total

(94,161)

(105,102)

(94,161)

25,049

43,361

25,049

Net income/expenditure

Reconciliation of funds

Total funds brought forward

203,266

246,627

20,000

226,627

Total funds carried forward

251,676

20,000

271,676

246,627

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04989222

Registered Number :

As at 31 March 2021

Linwood Community Co-operative Limited

Statement of Financial Position

Notes

2021

2020

Fixed assets

Tangible assets

3,375

4,226

3,375

4,226

Current assets

5,227

12,794

Debtors

Cash at bank and in hand

268,479

231,702

273,706

244,496

Creditors: amounts falling due within one year

(5,405)

(2,095)

Net current assets

268,301

242,401

Total assets less current liabilities

271,676

246,627

Net assets

271,676

246,627

The funds of the charity

Restricted income funds

20,000

Unrestricted income funds

251,676

226,627

Total funds

271,676

246,627

For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

23 August 2021

J Wood

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Notes to the Financial Statements

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 Companies Act 2006. Linwood Community Co-operative Limited 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).

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Statement of cash flows

The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial

statements on the grounds that the charitable company is small.

Change in accounting policy

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. The trustees believe that no adjustments are required.

Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general activities of the charity and which have not been designated for other purposes. Restricted funds are subject to restrictions on their expenditure imposed by the donors through the terms of the grant.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is legally entitled to the income after any performance conditions have been met and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received from the provision of cafeteria facilities and hiring community facilities in order to raise funds and is recognised when entitlement has occurred. Income from local government grants and other grants, whether capital grants or revenue grants, are recognised when the charity has entitlement to the funds and any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.

Donated services and facilities

The value of services provided by volunteers are not incorporated into these financial statements. Further details can be found in the Trustees' report.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Notes to the Financial Statements Continued

Costs of generating funds

Expenditure is classified under the following activity headings:

Expenditure on charitable activities includes the costs of supplies to the cafeteria facilities, salaries and employer's costs of the

provision of community centre facilities and other governance costs.

Other expenditure represents those items not falling into any other heading.

Charitable activites

Expenditure on charitable activities includes the costs of supplies to the cafeteria facilities, salaries and employer's costs of the

provision of community centre facilities and other governance costs.

Allocation and appointment of costs

Support costs are those costs that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs; they are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings, they have been allocated to expenditure on charitable activities on a basis consistent with the use of the resources.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in paragraph 1 schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

20% Reducing balance

Fixtures and fittings

33% Reducing balance

Computer Equipment

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the Statement of Financial Activities when due.

Operating leases

Costs of operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

Irrecoverable VAT

Irrecoverable VAT is included in the Statement of Financial Activities and is reported as part of the expenditure to which it relates.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid

investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank

overdrafts are shown within borrowings or current liabilities.

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Notes to the Financial Statements Continued

2. Income from donations and legacies

2020

2021

Unrestricted funds

Donations received

629

Grants received

40,864

37,357

40,864

37,986

Analysis of grants received

2021

2020

17,200

23,957

Corby Borough Council

15,000

Defra and NCF

5,157

16,907

Others

40,864

37,357

3. Income from charitable activities

2020

2021

Unrestricted funds

Kingswood Community Centre

3,056

37,841

Cafe sales

15,908

49,087

Income from facilities

18,964

86,928

Corby Old Village Community

Centre

4,151

20,595

Other income

107,523

23,115

4. Investment income

2020

2021

Unrestricted funds

Bank interest receivable

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Notes to the Financial Statements Continued

5. Other income

2020

2021

Unrestricted funds

33,950

HMRC JRS Grants

24,127

Local Authority COVID-19 Grants

58,077

6. Costs of charitable activities by fund type

2020

2021

Unrestricted funds

51,573

36,560

Kingswood Community Centre

53,529

57,601

Support costs

105,102

94,161

7. Costs of charitable activities by activity type

2020

2021

Support costs

Activities

undertaken

directly

Support costs

Kingswood Community Centre

84,997

48,437

36,560

99,156

Corby Old Village Community

Centre

9,164

5,946

36,560

57,601

94,161

105,102

8. Analysis of support costs

2020

2021

Kingswood Community Centre

Management

25,799

25,926

Governance costs

31,802

27,603

53,529

57,601

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Notes to the Financial Statements Continued

9. Net income/(expenditure) for the year

This is stated after charging/(crediting):

2021

2020

Depreciation of owned fixed assets

851

1,067

Auditor's fees

1,560

1,260

Trustees' remuneration

25,799

25,926

Staff pension contributions

546

721

10. Staff costs

Total staff costs for the year ended 31 March 2021 were:

2021

2020

Salaries and wages

46,098

49,997

Pension costs

546

721

46,644

50,718

2021

2020

Direct charitable work

Trustees

Staff costs include remuneration paid to trustees.

The remuneration was paid under the authority of the charity's Memorandum and Articles of Association to reflect the time and

commitment given.

No employee received remuneration of more than £60,000.

11. Trustee remuneration and related party transactions

Mrs L Johnston is related to the charity due to her position as a trustee and director of the company.

During the year Mrs L Johnston worked within the charity and received remuneration as follows: -

Salary as director and trustee £25,799 (2020: £25,926).

The trustees did not have any expenses reimbursed during the year.

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Notes to the Financial Statements Continued

12. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

13. Tangible fixed assets

Office

Equipment

Computer

Equipment

Total

Cost or valuation

10,295

1,120

9,175

At 01 April 2020

At 31 March 2021

9,175

1,120

10,295

Depreciation

6,069

1,082

4,987

At 01 April 2020

Charge for year

851

838

6,920

1,095

5,825

At 31 March 2021

Net book values

At 31 March 2021

At 31 March 2020

3,350

4,188

3,375

4,226

14. Debtors

2021

2020

Amounts due within one year:

Trade debtors

4,693

12,405

Prepayments and accrued income

534

389

5,227

12,794

15. Creditors: amounts falling due within one year

2021

2020

Other creditors

3,845

835

Accruals and deferred income

1,560

1,260

5,405

2,095

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Notes to the Financial Statements Continued

16. Movement in funds

Unrestricted Funds

Balance at

01/04/2020

Incoming

resources

Outgoing

resources

Balance at

31/03/2021

General

226,627

119,210

(94,161)

251,676

General

226,627

119,210

(94,161)

251,676

Unrestricted Funds - Previous year

Balance at

01/04/2019

Incoming

resources

Outgoing

resources

Balance at

31/03/2020

General

183,266

148,463

(105,102)

226,627

General

183,266

148,463

(105,102)

226,627

Purpose of unrestricted Funds

General

This fund is maintained to provide community facilities. To support local groups to get established and become sustainable.

Purpose of restricted funds

Community Support Reserve

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For the year ended 31 March 2021

Linwood Community Co-operative Limited

Notes to the Financial Statements Continued

17. Analysis of net assets between funds

Tangible fixed

assets

Net current

assets /

(liabilities)

Net Assets

Unrestricted funds

General

3,375

248,301

251,676

General

Restricted funds

20,000

Community Support

Reserve

3,375

268,301

271,676

Previous year

Tangible fixed

assets

Net current

assets /

(liabilities)

Net Assets

Unrestricted funds

General

4,226

222,401

226,627

General

Restricted funds

20,000

Community Support

Reserve

4,226

242,401

246,627

18. Commitments

The charity operates a defined contributions pension scheme in respect of employees automatically enrolled into a work place

pension. The assets of the scheme are held separately from those of the charity in an independently administered fund.

Pension commitments

19. Company limited by guarantee

Linwood Community Co-operative Limited is a company limited by guarantee and accordingly does not have a share capital.

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