St. Paul's Community Development Trust - St. Paul's Community Trust

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CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2009 Note 2009 2008 £ £ Net cash (outflow)/inflow from operating activities 1 (145,319) (45,590) Returns on investments and servicing of finance Interest received 60,144 48,007 Capital expenditure and financial investment Payments to acquire tangible fixed assets - (33,880) (Decrease)/Increase in cash in the year 2 (85,175) (31,463) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2009 2009 2008 £ £ 1. Reconciliation of changes in resources to net inflow from operating activities Net incoming resources (276,669) (42,382) Investment income (60,144) (48,007) Depreciation charges 91,730 97,861 Loss on disposal 2,324 - Decrease/(Increase) in debtors 99,115 (76,111) (Decrease)/Increase in creditors (1,675) 23,049 (145,319) (45,590) 2. Analysis of net cash resources 1st April 31st March 2008 Cashflow 2009 £ £ £ Cash at bank & in hand 1,204,774 (85,175) 1,119,599 20 St. Paul’s Community Development Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2009 (a) Basis of preparation The Financial Statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practices (SORP) ‘Accounting and Reporting by Charities’, applicable Accounting Standards and the Companies Act 1993. (b) Company status The Charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £5 per member of the Charity. (c) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have been designated for other purposes. Restricted funds are funds which are to be used in accordance with the specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. (d) Incoming resources All incoming resources are included in the SOFA when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. (e) Resources expended All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributable to one of the functional categories of resources expended in the SOFA. Governance costs include those costs associated with meeting the constitutional and statutory requirements. (f) Grants The Charity issues small grants to local institutions within the Balsall Heath community to fund activities for children under 5. Total small grants for the year amount to £13,250. (g) Tangible fixed assets and depreciation Until 31st March 1999 improvements to leasehold properties were not capitalised because the cost of additions and improvements were fully funded and those items were reflected in the income and expenditure account. This policy complied with that requested by previous funders. Although the original cost of buildings is shown in the accounts, the cost of additions before 1st April 2000 is not available. The users of the accounts are principally the Trustees, parents of children attending the school, local residents and various funders. The Trustees consider the cost of carrying out a professional valuation to include those assets at a value in the accounts to be considerable compared to the limited additional benefits derived by the users of the accounts. Since 1st April 2000 all additions and improvements to leasehold buildings are capitalised and depreciated. Other tangible fixed assets are stated at cost. Depreciation is calculated to write-off the tangible assets over their estimated useful lives. The principal rates in use are: Leasehold property Motor vehicles Furniture and equipment Video and computer equipment 4% of cost 20% reducing balance 20% reducing balance 33.3% reducing balance (h) Pension costs The Charity operates a defined contribution scheme for the benefit of its employees. Contributions payable for the year are charged in the Income and Expenditure Account. 2. DONATIONS Unrestricted £ Restricted £ Total 2009 £ Total 2008 £ Millichope Foundation 2,500 2,500 2,500 29th May 1961 Charitable Trust 5,000 5,000 5,000 Douglas Turner Trust 3,000 3,000 3,000 West Bromwich Building Scoiety 250 250 3,000 AXA Insurance 585 585 3,000 Donations 3,136 3,136 1,130 Children in Need 12,650 12,650 - 14,471 12,650 27,121 17,630 St. Paul’s Community Development Trust 21
Page 1: St. Paul’s Community Development
Page 4 and 5: Introduction We hope this Annual Re
Page 6 and 7: locating support for children and f
Page 8 and 9: holidays. Venture runs play care at
Page 10 and 11: (especially staff) than ever before
Page 12 and 13: Central and Community Services The
Page 14 and 15: Much of the progress described abov
Page 16 and 17: Trustee Induction and Training New
Page 18 and 19: funds carried forward. The total fu
Page 20 and 21: STATEMENT OF FINANCIAL ACTIVITIES (
Page 24 and 25: 3. INCOMING RESOURCES FROM ACTIVITI
Page 26 and 27: NOTES TO THE FINANCIAL STATEMENTS F
Page 28 and 29: 9. ANALYSIS OF NET ASSETS BETWEEN F
Page 30: Staff & Volunteers Senior Staff Ali

St. Paul's Community Development Trust - St. Paul's Community Trust

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