ART, REGENERATION AND COMMUNITY HERITAGE - Charities report - 21.2

REGISTERED COMPANY NUMBER: 10117966 (England and Wales)

REGISTERED CHARITY NUMBER: 1172128

Report of the Trustees and

Financial Statements

for the Year Ended 30 April 2021

for

ART, REGENERATION AND COMMUNITY HERITAGE

LIMITED

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

12

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To improve the lives of the people of North East Lincolnshire, particularly the Immingham District.

Public benefit

The trustees have had regard to the Charity Commission's guidance on public benefit.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

10117966 (England and Wales)

Registered Charity number

1172128

Registered office

Bert Boyden Centre

34 Carver Road

Immingham

North East Lincolnshire

DN4O 1DS

Trustees

S L Allan

A Burley

K Hougton Chairman

Mrs L Watson

D A Watson Retired

Mrs A Burton Retired

D J Gilliatt (resigned 12.1.21)

N C Turner Retired

Company Secretary

D A Watson

Independent Examiner

HN SANDERSON

FCIE

SKS Bailey Group Limited

Suite 9 Normanby Gateway

Scunthorpe

North Lincolnshire

DN15 9YG

Approved by order of the board of trustees on 22 February 2022 and signed on its behalf by:

Mrs L Watson - Trustee

Independent examiner's report to the trustees of ART, REGENERATION AND COMMUNITY HERITAGE LIMITED ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's 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:

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 accounting 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.

HN SANDERSON

FCIE

SKS Bailey Group Limited

Suite 9 Normanby Gateway

Scunthorpe

North Lincolnshire

DN15 9YG

22 February 2022

2021

2020

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

-

10,361

10,361

-

Charitable activities

Charitable activities

29,597

10,000

39,597

956

Other trading activities

2

7,779

(1

)

7,778

21,046

Other income

2

-

2

2

Total

37,378

20,360

57,738

22,004

EXPENDITURE ON

Raising funds

Other trading activities

1,711

353

2,064

11,781

1,711

353

2,064

11,781

Charitable activities

Charitable activities

13,699

1,697

15,396

19,812

Total

15,410

2,050

17,460

31,593

NET INCOME/(EXPENDITURE)

21,968

18,310

40,278

(9,589

)

Transfers between funds

10

(322

)

322

-

-

Net movement in funds

21,646

18,632

40,278

(9,589

)

RECONCILIATION OF FUNDS

Total funds brought forward

11,782

-

11,782

21,371

TOTAL FUNDS CARRIED FORWARD

33,428

18,632

52,060

11,782

2021

2020

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

7

4,918

5,443

10,361

6,558

CURRENT ASSETS

Debtors

8

52

-

52

52

Cash at bank

29,162

13,190

42,352

5,577

29,214

13,190

42,404

5,629

CREDITORS

Amounts falling due within one year

9

(704

)

(1

)

(705

)

(405

)

NET CURRENT ASSETS

28,510

13,189

41,699

5,224

TOTAL ASSETS LESS CURRENT LIABILITIES

33,428

18,632

52,060

11,782

NET ASSETS

33,428

18,632

52,060

11,782

FUNDS

10

Unrestricted funds

33,428

11,782

Restricted funds

18,632

-

TOTAL FUNDS

52,060

11,782

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 22 February 2022 and were signed on its behalf by:

L Watson - Trustee

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	OTHER TRADING ACTIVITIES

2021

2020

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

£

£

£

£

Fundraising events

-

-

-

197

Room hire

7,513

(1

)

7,512

12,000

Sales (cafe)

266

-

266

8,849

7,779

(1

)

7,778

21,046

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021

2020

£

£

Depreciation - owned assets

2,384

1,991

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2021 nor for the year ended 30 April 2020.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 April 2021 nor for the year ended 30 April 2020.

5.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2021

2020

Employee

-

2

No employees received emoluments in excess of £60,000.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Charitable activities

956

-

956

Other trading activities

21,046

-

21,046

Other income

2

-

2

Total

22,004

-

22,004

EXPENDITURE ON

Raising funds

Other trading activities

11,781

-

11,781

11,781

-

11,781

Charitable activities

Charitable activities

15,397

4,415

19,812

Total

27,178

4,415

31,593

NET INCOME/(EXPENDITURE)

(5,174

)

(4,415

)

(9,589

)

RECONCILIATION OF FUNDS

Total funds brought forward

16,956

4,415

21,371

TOTAL FUNDS CARRIED FORWARD

11,782

-

11,782

7.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2020

9,916

Additions

6,187

At 30 April 2021

16,103

DEPRECIATION

At 1 May 2020

3,358

Charge for year

2,384

At 30 April 2021

5,742

NET BOOK VALUE

At 30 April 2021

10,361

At 30 April 2020

6,558

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

52

52

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

45

45

Accrued expenses

660

360

705

405

10.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.5.20

in funds

funds

30.4.21

£

£

£

£

Unrestricted funds

General fund

11,782

21,968

(322

)

33,428

Restricted funds

Central Heating Boilers

-

10,000

-

10,000

Bags for Life funding

-

915

-

915

Evan Cornish Funding - Cooker installation

-

2,213

28

2,241

Lincolnshire Community Foundation - System upgrade

-

2,907

294

3,201

Lincolnshire Community Foundation - For Art Therapy Services and a new door

-

2,272

-

2,272

NELC - Kitchen appliances

-

3

-

3

-

18,310

322

18,632

TOTAL FUNDS

11,782

40,278

-

52,060

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

37,378

(15,410

)

21,968

Restricted funds

Central Heating Boilers

10,000

-

10,000

Bags for Life funding

1,000

(85

)

915

Evan Cornish Funding - Cooker installation

2,500

(287

)

2,213

Lincolnshire Community Foundation - System upgrade

4,200

(1,293

)

2,907

Lincolnshire Community Foundation - For Art Therapy Services and a new door

2,272

-

2,272

NELC - Kitchen appliances

388

(385

)

3

20,360

(2,050

)

18,310

TOTAL FUNDS

57,738

(17,460

)

40,278

Comparatives for movement in funds

Net

movement

At

At 1.5.19

in funds

30.4.20

£

£

£

Unrestricted funds

General fund

16,956

(5,174

)

11,782

Restricted funds

Restricted fund

4,415

(4,415

)

-

TOTAL FUNDS

21,371

(9,589

)

11,782

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

22,004

(27,178

)

(5,174

)

Restricted funds

Restricted fund

-

(4,415

)

(4,415

)

TOTAL FUNDS

22,004

(31,593

)

(9,589

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

movement

between

At

At 1.5.19

in funds

funds

30.4.21

£

£

£

£

Unrestricted funds

General fund

16,956

16,794

(322

)

33,428

Restricted funds

Restricted fund

4,415

(4,415

)

-

-

Central Heating Boilers

-

10,000

-

10,000

Bags for Life funding

-

915

-

915

Evan Cornish Funding - Cooker installation

-

2,213

28

2,241

Lincolnshire Community Foundation - System upgrade

-

2,907

294

3,201

Lincolnshire Community Foundation - For Art Therapy Services and a new door

-

2,272

-

2,272

NELC - Kitchen appliances

-

3

-

3

4,415

13,895

322

18,632

TOTAL FUNDS

21,371

30,689

-

52,060

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

59,382

(42,588

)

16,794

Restricted funds

Restricted fund

-

(4,415

)

(4,415

)

Central Heating Boilers

10,000

-

10,000

Bags for Life funding

1,000

(85

)

915

Evan Cornish Funding - Cooker installation

2,500

(287

)

2,213

Lincolnshire Community Foundation - System upgrade

4,200

(1,293

)

2,907

Lincolnshire Community Foundation - For Art Therapy Services and a new door

2,272

-

2,272

NELC - Kitchen appliances

388

(385

)

3

20,360

(6,465

)

13,895

TOTAL FUNDS

79,742

(49,053

)

30,689

11.	RELATED PARTY DISCLOSURES

During the year, Trustee D Watson provided an interest-free loan of £3,960 to the company and the company repaid the same during the year. There is no outstanding balance owed to the Trustee.

12.	OTHER INFORMATION

During the year, charity received £388.50 on behalf of a Community Group which didn't have the required bank account and the charity have spent £388.50 as required by that Community Group during the year. As at year end, charity does not hold any balance on behalf of Community Group.