CHARITY COMMISSION€¦ · The Association applied successfully for grant funding from the...

CHARITY COMMISSION

JERICHO ST BARNABAS COMMUNITYASSOCIATION

FINANCIAL STATEMENTSFOR THE YEAR ENDED

The MGroup PartnershipChartered Certified Accountants

Cranbrook House287-291 Banbury Road, Oxford

OX2 7JQ

Charity Registration Number: 1029170

31 DECEMBER 2015

JERICHO ST BARNABAS COMMUNITY ASSOCIATION

ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

CONTENTS PAGES

Charity information 1 to 2

Report of the trustees 3 to 8

Statement of trustees' responsibilities 9

Independent examiner's report 10

Statement of financial activities 11

Balance sheet 12

Notes to the accounts 13 to 19

The following page does not form part of the financial statements

Income and expenditure summary 20


CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2015

TRUSTEE COMMITTEE MEMBERS

Charlotte Christie (Chairman)Paul Hornby (Vice Chairman)Jenny Mann (Secretary)Peter Stalker (Treasurer)George TaylorAdrian Arbib (Resigned 28 April 2014)Scott EllisHannah Kirby (Resigned 28 April 2014)Father Jonathan Beswick Phyllis Starkey Anne Mobbs

REGISTERED OFFICE

Jericho Community Centre33a Canal StreetOxfordOX2 6BQ

CHARITY REFERENCE NUMBER

ACCOUNTANTS

The MGroup PartnershipChartered Certified AccountantsCranbrook HouseOxfordOX2 7JQ

SOLICITORS

Knights SolicitorsMidland HouseWest WayBotleyOxfordOX2 0PH

1029170

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CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2015

CONSULTANT FOR NEW CENTRE ESTABLISHMENT

Stuart Larkin & Associates LimitedBullingdon House174B Cowley RoadOxfordOX4 1UE

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REPORT OF THE TRUSTEESFOR THE YEAR ENDED 31 DECEMBER 2015

CHARITABLE OBJECTS

The objects of the Association are to:-

(a)

(b)

(c)

The Association shall be non-party in politics and non-sectarian in religion.

The Jericho online website provides public information and is the main channel of communication. The paper version Jericho Echo is only published for very specific issues.The Jericho online website provides public information and is the main channel of communication. The paper version Jericho Echo is only published for very specific issues.

The Association has an equalities policy document that sets out action the Association takes to combat direct and indirect discrimination in the management of the organisation, and the services it provides to community organisations and other bodies and individuals.

Those who benefit from the activities of the Association are the residents of Jericho and the surrounding areas, all of whom are invited to attend the monthly management meetings, and join in classes and other activities at the Community Centre, as well as the annual street fair.

To ensure that as many people as possible can take advantage of our services, residents of Jericho get a public benefit through a discounted rate for the hire of rooms. On request; for particular activities, such as the youth activities, which is of great benefit to Jericho and the surrounding districts, there is no charge for the use of the centre. The Association subsidises the weekly community café which serves as an important meeting place, particularly for older residents. There is no charge for entry to the annual street fair which is another public benefit.

promote the benefit of the inhabitants of Jericho and the Parish of St Barnabas and St Paul and the neighbourhood (hereinafter called the "area of benefit") without distinction of sex, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.

establish, or secure the establishment of, a Community Centre (hereinafter called "the Centre") and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.

The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2015.

We have referred to the guidance contained on the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

promote such other charitable purposes as may from time to time be determined.

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TRUSTEES

The following trustees held office during the year:-

Charlotte Christie (Chairman)Paul Hornby (Vice Chairman)Jenny Mann (Secretary)Peter Stalker (Treasurer)George TaylorAdrian Arbib (Resigned 28 April 2014)Scott EllisHannah Kirby (Resigned 28 April 2014)Father Jonathan Beswick

Further legal and administration information is provided on pages 1 and 2 of these accounts.

ORGANISATIONAL STRUCTURE

Phyllis Starkey

Trustee members of the standing committee are elected annually at the AGM under the Constitution adopted in 1984 which was amended in line with the latest ‘Community Matters’ model at a General Meeting of the Association held on 8th November 1999. Councillor Susanna Pressel and Councillor Colin Cook are non-voting observers appointed to the committee by the local ‘Area Committee’ of Oxford City Council, the statutory authority, in line with the charity's constitution.

Anne Mobbs

LEGAL AND ADMINISTRATION INFORMATION

The charity is run by a General Committee which is responsible for organising all aspects of the daily running of the charity.

The governing instruments by which the charity operates are stated in its Constitution.

LEGAL STATUS

The existing trustees may make appointments of new trustees but all members of the General Committee shall retire from office together at the conclusion of the next Annual General Meeting after the date on which they came into office but they may be re-elected or re-appointed.

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CHAIR'S REPORT

ACHIEVEMENTS AND PERFORMANCE

The Community Association continues to work alongside the Jericho Wharf Trust to pursue the development of the Jericho Canalside site which will incorporate a new Community Centre. The committee continues to play an active part in the debate and champion the Community’s need for a sustainable new Community Centre. A planning application was submitted by the developer in February 2015. JCA formally expressed concern that the percentage of affordable housing was still below the expected 50% at 39%. There were approximately 45 conditions placed on the application which remained unresolved in December 2015.

The association supports local groups such as Alive & Kicking over 50s group, the Mothers and Toddler’s group, the St Barnabas Sunday school by waiving the fee for the use of the building.

The JCA’s business plan for a new Community Centre has been used to contribute to the discussion of the viability of the proposed new Centre. JCA continues to hold its view that any new Community Centre must have the capacity to generate sufficient income to be completely self-sustaining, which is what has been achieved at the current Centre

Local residents have lent their skills in making small repairs and we are grateful to them.

The Community Centre continues to be well used. We maintain a high number of bookings for classes and there are still a number of users who have run classes regularly for many years. The Centre continues to be used throughout the day and into the evening most days of the week. It remains popular for use as a venue for birthday parties and family celebrations.

The Association continues to support the community café which is open every Saturday. The Committee took a decision to continue to subsidise the café in order to keep prices down and allow this one weekly opportunity to open the Centre to all association members on a 'drop in' basis which we feel is important.

The Vice Chairman Paul Hornby has moved away and we acknowledged the contribution he has made as a member of the committee over the last 9 years at his last meeting in November.

We have taken up the opportunity through a city council scheme to provide Wi-Fi in the Centre for the benefit of all users.

During the year the Association has continued in its objectives to manage the Community Centre and to promote the benefit, and represent the views, of the residents of Jericho within the City.

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ACHIEVEMENTS AND PERFORMANCE (continued)

The Association’s community website ‘Jericho Online’ at www.jerichocentre.org.uk is now the main channel of communication. It is updated regularly with community news and information relating to the Community Centre and a mix of articles and information about Jericho.

Key meetings and activities are also notified by leaflet distributions and posters in the Centre windows and the two community notice boards.

The charity is fully insured as an Association and an employer. There have been no claims in the year and no ex-gratia payments have been made.

A further successful application from the Big Society fund enabled us to replace the old computer equipment in the office which has enabled the Administrator to upgrade the systems.

FINANCIAL REVIEW

The 'Alive and Kicking' over- 50s group, co-ordinated by committee member Anne Mobbs, continued to provide a varied programme of meetings and outings.

The committee have also supported residents who have challenged the noise generated by the trains as they ‘idle’ outside the station during the night. This continues to be an on- going issue.

The Oxford University Students Union have once again provided student wardens in Jericho. They have attended JCA committee meetings and organised events such as the fashion evening and Gin tasting for all residents

As can be seen from page 11 of the accounts, on a turnover of £54,109 over the year there was a net surplus of £9,807 which increased our accumulated reserves to £68,978. This has been achieved as a result of the continued income from rental and classes and additional income from grants in comparison to last year.

We have a continuing commitment to make payments to St Barnabas PCC for the continued occupancy of the Community Centre building, but we aim to be able to cover this and roughly break even on normal running costs.

It should be noted that our reserves are largely held to fund legal and consultancy costs for the development of a new Community Centre.

Our annual litter pick took place in March. This is an activity which has spread across the city as Ox Clean.

The Association applied successfully for grant funding from the Oxfordshire Community Foundation for half term play schemes to provide sporting activities in Jericho for young people between ages 11-16. This is an age group for which there are very few activities locally and we were pleased to facilitate this. We are grateful again to Maggie O’Sullivan for her work on organising the activities.

The charity receives rental income from letting out rooms and uses it as necessary to subsidise core activities such as a parent and toddler group so that the centre may be financially viable whilst also being affordable for local and community users. There is also a café, operated as a community facility, which runs with a small subsidy as required. The Committee has made a decision to continue to subsidise the café

The annual Street Fair in Canal Street took place once again on 13th June. The Fair is run for community benefit, it creates an opportunity for local people to gather and enjoy the entertainments offered, and it does not generate significant profit. As the city council no longer maintains the street stalls the commercial organisation which provides the stalls in Gloucester Green provided them at a reduced rate for which we are grateful. Local businesses once again donated generous prizes for the raffle and the Co-op store in Walton Street provided volunteers on the day which was welcomed.

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Total funds of the charity stood at £68,978 (2014 - £59,171) at the year end.

FUTURE PLANS

1.

2. Revising the JCA constitution probably to convert the charity to a charitable incorporated organization.

INVESTMENT POWERS AND POLICY

• To cover planned capital expenditure for the upcoming year.

• To cover net budgeted expenditure for the Street Fair of the upcoming year.

RISK MANAGEMENT

TRUSTEE INDUCTION AND TRAINING

The trustees' investment powers are laid down in the constitution and restrictions contained therein. These powers are also subject to conditions imposed by law.

The trustees are responsible for undertaking an annual risk assessment of the organisation and its activities. Any risks that the charity is exposed to would be discussed at general meetings as a matter of course.

In addition to the usual activities, the following remain two key priorities for next year:-

The committee has reviewed and updated all its policies and undertaken checks of the fire alarm and electrical appliances.

There were several instances of the electricity fusing which caused inconvenience and concern to users. This was tracked to a small unused water heater which has now been removed and the problem has not re- occurred.

A tile fell from the roof and caused some damage to a vehicle parked in front of the Centre. The city council provided support to provide a permanent net around the roof to catch any other loose tiles. While the scaffolding was up a thorough investigation of the roof was undertaken and declared to be ‘robust’ so we feel confident such an incident is unlikely to occur again.

The Association's policy on unrestricted reserves is to maintain equivalent cash balances:

HEALTH AND SAFETY

There were also a few small acts of vandalism which caused broken windows on the lower floor which were quickly repaired but an unnecessary expense

New trustees are briefed on their legal obligations and responsibilities under charity law. They are also encouraged to familiarise themselves with the charity's constitution. As part of the induction process, new trustees will meet key employees and other trustees.

Funds in our savings account beyond this will be allocated to a development fund for a new Community Centre.

Complete the creation of a charitable incorporated organization to replace the existing JCA.

• To cover three months’ budgeted recurrent expenditures.

Continuing to work within the Jericho Wharf Trust for the development of the Canalside site and a new community centre.

RESERVES POLICY

The level of reserves is regularly monitored to the trustees through the treasurer's reports.

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TRANSACTIONS WITH TRUSTEES

Prepared by the board of trustees and signed on their behalf by:-

Charlotte ChristieChairmanApril 2016

No members of the management committee received any remuneration during the year. No committee costs were reimbursed to trustees during the year (2014 - £nil). No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

Under the terms of the lease, currently being renegotiated, the Centre building is let by the St Barnabas Institute trustees to the Oxford City Council, who in turn let it on to the Jericho Community Association for a peppercorn rent. In broad terms, under the lease the charity is responsible for internal decorative order and Oxford City Council for structural matters. The accounts do, however, now include a payment to St Barnabas Institute in respect of the charity's occupation of the centre.

DONATED SERVICES

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STATEMENT OF THE TRUSTEES' RESPONSIBILITIESFOR THE YEAR ENDED 31 DECEMBER 2015

• 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;

•

•

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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The law applicable to charities in England and Wales 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:

state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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INDEPENDENT EXAMINER'S REPORTFOR THE YEAR ENDED 31 DECEMBER 2015

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

•

•

•

BASIS OF INDEPENDENT EXAMINER'S REPORT

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 130 of the 2011 Act; and

•

I report on the accounts of the charity for the year ended 31 December 2015, which are set out on pages 11 to 19.

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

My 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 comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

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 under section 145(5)(b) of the 2011 Act; and

to state whether particular matters have come to my attention.

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

TO THE TRUSTEES OF JERICHO ST BARNABAS COMMUNITY ASSOCIATION

to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or

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STATEMENT OF FINANCIAL ACTIVITIESFOR THE YEAR ENDED 31 DECEMBER 2015

Unrestricted Designated Restricted Total TotalFunds Funds Funds 2015 2014

Note £ £ £ £ £INCOMING RESOURCES

Incoming resources from generated fundsVoluntary income:Other grants 170 - 3,832 4,002 6,867Donations 440 - 15 455 896Activities for generating funds:Café 2,286 - - 2,286 1,957Street fair 2,013 - - 2,013 1,053Investment income:Bank interest 620 - - 620 51

Incoming resources from charitable activitiesRents including classes 44,733 - - 44,733 45,954

Total incoming resources 50,262 - 3,847 54,109 56,778

RESOURCES EXPENDED

Costs of generating funds 5 5,882 - 1,412 7,294 11,687

Charitable activities 6 30,523 366 369 31,258 39,073

Governance costs 7 5,750 - - 5,750 5,089

42,155 366 1,781 44,302 55,849

Net incoming/(outgoing) resources 2 8,107 (366) 2,066 9,807 929

Transfers between funds - - -

Net movement in funds 8,107 (366) 2,066 9,807 929

Reconciliation of fundsFunds brought forward 33,653 19,854 5,664 59,171 58,242

Funds carried forward 13 41,760 19,488 7,730 68,978 59,171

All amounts relate to continuing activities.All recognised gains and losses are included in the statement of financial activities.

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BALANCE SHEETAS AT 31 DECEMBER 2015

Notes 2015 2014£

FIXED ASSETSTangible assets 8 1,404 -

CURRENT ASSETSDebtors 9 8,182 7,936 Cash at bank and in hand 63,780 55,802

71,962 63,738

10 4,388 4,567 within one year

NET CURRENT ASSETS 67,574 59,171

NET ASSETS 68,978 59,171

UNRESTRICTED INCOME FUNDS: 13Designated funds 19,488 19,854 General funds 41,760 33,653

61,248 53,507

RESTRICTED INCOME FUNDS 13 7,730 5,664

TOTAL FUNDS 68,978 59,171

These accounts were approved by the board of trustees on and signed on their behalf by:-

Jenny Mann George TaylorTrustee Trustee

£

CREDITORS: Amounts falling due

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

1 STATEMENT OF ACCOUNTING POLICIES

Accounting convention

Going concern

Incoming resources

Apportionment of charitable expenditure

The accounts have not been drawn up on a going concern basis as the charity is looking to change its legal status to a Charitable Incorporated Organisation which the trustees expect to take place within the next 12 months. As part of the reorganisation the assets and liabilities will transfer into the new entity and in doing so a final set of accounts will be prepared for the charity. This final set of accounts will see adjustments to reduce the value of assets to their recoverable amounts and to provide for additional liabilities that might arise.

Any income received relating to a forward period has been deferred.

Grants receivable are included in the year in which the offer is conveyed by the charity except in those cases where the offer has conditions, such grants being recognised as income when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are not included in the financial statements.

Costs are apportioned between direct charitable expenditure, costs of generating funds and governance costs according to the trustees' judgement.

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for such expenditure, inclusive of any VAT which cannot be recovered.

Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered that are subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Resources are expended in the furtherance of the charity's objectives.

Resources expended

These accounts have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards for Smaller Entities published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015), and the Charities Act 2011, together with applicable standards.

Donations and legacies are reported in the statement of financial activities if they are received or due in the financial year.

Incoming resources represent income receivable from fundraising, donations and gifts, interest received, room hire, rental income, street fair and café income.

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1 STATEMENT OF ACCOUNTING POLICIES (continued …)

Leases

Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation.

Office equipment - straight line basis at 25% per annum.

Items included in fixed assets are capitalised when the purchase cost exceeds £100.

Fund accounting

Funds held by the charity are either:-

2 NET INCOMING RESOURCES2015 2014

£ £This is stated after charging:Independent examination fees 300 150 Accountancy fees 5,450 4,939 Depreciation 369 - Occupancy of Community Centre building 8,000 8,000

3 TAXATION

The organisation, being a charity, is not liable to taxation on its income.

Unrestricted general funds - these are funds which can be used in accordance with the charity's objectives at the discretion of the trustees.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.

Depreciation has been provided at the following rate so as to write off the cost less residual value of the assets over their estimated useful lives. A full year's depreciation has been provided in the year of acquisition.

Designated funds - these funds represent monies set aside for specific purposes at the discretion of the trustees rather than the donors.

Restricted funds - funds received can only be used for specifically nominated expenditure by the donor and are credited to income in the year in which they are received. Where amounts are not specifically allocated against expenditure in that year the balance is deferred and added to the balance brought forward on the restricted funds and is used in subsequent years in line with the restrictions placed by the donor.

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4 STAFF COSTS

The average monthly number of employees during the year was 3 (2014 - 3).2015 2014

Staff costs during the year amounted to: £

Wages, salaries and employee costs 15,800 15,590 Employer's National Insurance contributions - 76

15,800 15,666

5 COST OF GENERATING FUNDS2015 2014

Unrestricted expenditure: Total Total£ £

Café purchases Direct - 785 - - 785 367Wages Staff usage - 2,964 614 - 3,578 3,594Insurance Per premium, staff usage - 89 18 - 107 90Housekeeping Floor area - - - - - - Bad debt write off Direct - - - - - 490Street fair Direct - - 1,397 - 1,397 497Utilities Floor area - - - - - - Subscriptions Floor area 7 - 8 - 15 12

7 3,838 2,037 - 5,882 5,050Restricted expenditure:Grant expenditure Direct 1,412 - - - 1,412 6,637

1,419 3,838 2,037 - 7,294 11,687

£

CaféBasis of allocation Street fairVoluntary income

Investment income

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6 CHARITABLE ACTIVITIES

2015 2014Unrestricted expenditure: Basis of allocation Total Total

£ £ £ £ £ £Wages Staff usage - 6,111 - 6,111 12,222 12,072 Utilities Equal allocation - 7,007 - 7,007 14,014 14,731 Advertising Equal allocation - - - - - 300 Housekeeping Equal allocation - 277 - 278 555 304 Insurance Per premium, staff usage - 423 - 423 846 700 Repairs and maintenance Equal allocation - 932 - 931 1,863 1,170 Sundries Equal allocation - 336 - 336 672 3,132 Bank charges Direct - 49 - 48 97 - Bad debt write off Direct - 162 - - 162 441 Subscriptions Floor area - 46 - 46 92 71

- 15,343 - 15,180 30,523 32,921

Restricted expenditure:Depreciation Equal allocation 184 - 185 369 -

- 15,527 - 15,365 30,892 32,921 Designated expenditure:Consultancy fees Direct 366 - - - 366 6,152

366 15,527 - 15,365 31,258 39,073

7 GOVERNANCE COSTS2015 2014

£ £

Independent examination fees 300 150Accountancy fees 5,450 4,939

5,750 5,089

Rental income

One off room hire

Classes income

Costs of new centre

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8 TANGIBLE ASSETS

£CostsAt 1 January 2015 1,490

Additions 1,773

At 31 December 2015 3,263

Accumulated depreciationAt 1 January 2015 1,490

Charge for year 369


Net book valueAt 1 January 2015 -


The net book value represents fixed assets used for direct charitable purposes.

9 DEBTORS

2015 2014£ £

Trade debtors 7,213 7,016 Prepayments and accrued income 969 920

8,182 7,936

10 CREDITORS: amounts falling due within one year

2015 2014£ £

Trade creditors 1,345 1,073 Accruals and deferred income 2,825 3,029 Other creditors 218 465

4,388 4,567

Office equipment

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11 RELATED TRUSTEE TRANSACTIONS

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

General funds Total

£ £ £ £Tangible fixed assets - - 1,404 1,404 Cash at bank and in hand 37,966 19,488 6,326 63,780 Debtors 8,182 - - 8,182 Current liabilities (4,388) - - (4,388)

41,760 19,488 7,730 68,978

13 MOVEMENTS IN FUNDS

£ £ £ £Unrestricted funds:General funds 33,653 50,262 (42,155) 41,760 Designated funds 19,854 - (366) 19,488

Total unrestricted funds 53,507 50,262 (42,521) 61,248

Restricted funds 5,664 3,847 (1,781) 7,730

Total funds 59,171 54,109 (44,302) 68,978

PURPOSES OF DESIGNATED FUNDS

These funds will be used over the coming years to cover the costs incurred in establishing a new Community Centre, such costs are expected to include legal and professional fees as well as the construction of the Centre.

Outgoing resources

As at 31 December

2015

No members of the management committee received any remuneration during the year. No committee costs were reimbursed to trustees during the year (2014 - £nil). No trustee or other person related to the charity had any personal interest in any contact or transaction entered into by the charity during the year.

Restricted funds

Designated funds

Unrestricted funds

Incoming resources

As at the year end, funds of £19,488 (2014 - £19,854) were held in respect of funds collected and expended in connection with the establishment of a new Community Centre for the charity.

As at 1 January 2015

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14 COMMITMENTS

Amounts falling due next year for occupancy of the Community Centre: 2015 2014£ £

Expiring in less than one year 8,000 8,000

8,000 8,000

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INCOME AND EXPENDITURE SUMMARY FOR THE YEAR ENDED 31 DECEMBER 2015

Café Street fair Bank interest£ £ £ £ £ £ £ £

Income Page 11 4,457 2,286 2,013 620 44,733 - 54,109 56,778

Expenditure Notes 5 and 6 1,419 3,838 2,037 - 30,892 366 38,552 50,760

Surplus / (deficit) before governance costs 3,038 (1,552) (24) 620 13,841 (366) 15,557 6,018

Governance costs Note 7 5,750 5,089

Page 11 9,807 929

Breakdown of Rents including classes

Rent ClassesOne off

room hire Total

Income 22,232 21,973 528 44,733

Expenditure Note 6 15,527 15,365 - 30,892

6,705 6,608 528 13,841

Net (outgoing) resources

Total 2014

Grants for establishment of new centre

Page No / Note

Rents including classes

Grants and donations

Total 2015

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