REGISTERED CHARITY NUMBER: 1011968
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2021
for
West Bowling Community Centre
Abraham Accountants Sher House 46 Houghton Place Bradford West Yorkshire BD1 3RG
West Bowling Community Centre
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 8 |
| Detailed Statement of Financial Activities | 9 to 10 |
West Bowling Community Centre
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1011968
Principal address
Clipstone Street Bradford Yorkshire BD5 8EA
Trustees
Mrs F Mir Mr N H Ali Mr I Shafiq Mr I Khan Mrs N Khan Mr A H Ismail
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................. Mr N H Ali - Trustee
Page 1
West Bowling Community Centre
Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 353,680 Investment income 2 265 Total 353,945 EXPENDITURE ON Raising funds 267,965 NET INCOME 85,980 RECONCILIATION OF FUNDS Total funds brought forward 220,533 TOTAL FUNDS CARRIED FORWARD 306,513 |
2020 Total funds £ 203,311 230 |
|---|---|
| 203,541 162,164 |
|
| 41,377 179,156 |
|
| 220,533 |
The notes form part of these financial statements
Page 2
West Bowling Community Centre
Balance Sheet 31 March 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 3,655 CURRENT ASSETS Cash at bank and in hand 304,348 CREDITORS Amounts falling due within one year 6 (1,490) NET CURRENT ASSETS 302,858 TOTAL ASSETS LESS CURRENT LIABILITIES 306,513 NET ASSETS 306,513 FUNDS 7 Unrestricted funds 306,513 TOTAL FUNDS 306,513 |
2020 Total funds £ 2,937 217,596 - |
|---|---|
| 217,596 | |
| 220,533 | |
| 220,533 | |
| 220,533 | |
| 220,533 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr N H Ali - Trustee
The notes form part of these financial statements
Page 3
West Bowling Community Centre
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognized 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 recognized 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.
Taxation
The charity is exempt from 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.
continued...
Page 4
West Bowling Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Bank Interest | 265 | 230 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 203,311 |
| Investment income | 230 |
| Total | 203,541 |
| EXPENDITURE ON | |
| Raising funds | 162,164 |
| NET INCOME | 41,377 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 179,156 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 220,533 |
Page 5
continued...
West Bowling Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
5. TANGIBLE FIXED ASSETS
| COST At 1 April 2020 Additions At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security 7. MOVEMENT IN FUNDS At 1/4/20 £ Unrestricted funds General fund 220,533 TOTAL FUNDS 220,533 |
2021 £ 1,490 Net movement in funds £ 85,980 85,980 |
Fixtures and fittings £ 15,513 1,936 17,449 12,576 1,218 13,794 3,655 2,937 2020 £ - At 31/3/21 £ 306,513 306,513 |
|---|---|---|
Page 6
continued...
West Bowling Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 353,945 |
(267,965) | 85,980 |
| TOTAL FUNDS 353,945 |
(267,965) | 85,980 |
| Comparatives for movement in funds | ||
| Net | ||
| movement | At | |
| At 1/4/19 | in funds | 31/3/20 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 179,156 |
41,377 | 220,533 |
| TOTAL FUNDS 179,156 |
41,377 | 220,533 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 203,541 |
(162,164) | 41,377 |
| TOTAL FUNDS 203,541 |
(162,164) | 41,377 |
continued...
Page 7
West Bowling Community Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/4/19 £ 179,156 179,156 |
Net movement in funds £ 127,357 127,357 |
At 31/3/21 £ 306,513 |
|---|---|---|---|
| 306,513 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 557,486 557,486 |
Resources Movement expended in funds £ £ (430,129) 127,357 (430,129) 127,357 |
|---|---|---|
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 8
West Bowling Community Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| INCOME AND ENDOWMENTS Donations and legacies Family Action BMDC Day Opss EUSS BMDC Core Costs Royds BSB NP Big Lottery Other Income Investment income Bank Interest Total incoming resources EXPENDITURE Raising donations and legacies Wages Rates and water Insurance Light and heat Telephone Postage and stationery Repairs & Renewals Professional Fees Accountancy Project Expenses Sundries Rent Depreciation of tangible fixed assets |
2021 £ 56,877 18,546 41,000 11,500 - 85,313 84,339 56,105 353,680 265 353,945 119,317 1,254 1,804 9,925 6,912 5,242 1,317 3,666 1,632 91,567 1,111 23,000 1,218 267,965 |
2020 £ 91,000 18,546 22,500 11,500 8,484 34,399 - 16,882 |
|---|---|---|
| 203,311 230 |
||
| 203,541 94,996 3,149 1,516 7,055 1,467 1,451 1,440 1,894 1,632 20,561 1,107 24,917 979 |
||
| 162,164 |
This page does not form part of the statutory financial statements
Page 9
West Bowling Community Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Detailed Statement of Financial Activities for the Year Ended 31 March 2021 |
||
|---|---|---|
| Total resources expended Net income |
2021 £ 267,965 85,980 |
2020 £ |
| 162,164 | ||
| 41,377 |
This page does not form part of the statutory financial statements
Page 10