## **The Regal Community Association**
**Charity No. 1041414**
**Accounts**
**For the Year Ended**
**31 December 2023**
**The Regal Community Association Cover**
## **Trustees**
## **Mr. Ali Akkas (Chairman)**
## **Mr. Viju Jayadevan (Vice chair)**
## **Bankers**
**Lloyds TSB PLC Department 23-12**
**Ariel House**
**2138 Coventry Road**
**Sheldon**
**Birmingham**
## **Independent Examiner**
**Oxon Accountancy**
**28 The Quadrant**
**The Science Park**
**Abingdon**
**OX14 3YS**
Page 1
**The Regal Community Association Contents**
||Pages||
|---|---|---|
|Statement of Trustees' Responsibilities||4|
|Independent Examiners||5|
|Trustees' Certificate||5|
|Receipts and Payments Account||6|
|Detailed Receipts and Payments Account||7|
|Notes to the Accounts||8|
|Balance Sheet||9|
Page 2
**The Regal Community Association Statement of Trustees Responsibilities**
Charity law 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 its financial activities for that period. In preparing those financial statements the Trustees are required to:
- (a) Select suitable accounting policies and then apply them consistently;
- (b) Make judgements and estimates that are responsible and prudent;
- (c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to departures disclosed and explained in the financial statements;
- (d) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the relevant law. They are also responsible for the safeguarding of assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
**The Regal Community Association Independent Examiners Report**
## **Independent Examiner's Report to the trustee of The Regal Community Association**
I report to the charity trustee on my examination of the financial statements of The Regal Community Association for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity's trustee (and also a director for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity 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 financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements 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 financial statements to be reached.
Oxon Accountancy 28 The Quadrant The Science Park Abingdon
OX14 3YS 31 December 2023
## **Trustees' Certificate**
We confirm that the accounts set out on pages 1 to 7 provide a true and fair record of the financial affairs of The Regal Community Association for the year ended 31st December 2022.
## **Trustee**
**Trustee**
Page 4
**The Regal Community Association Receipts and Payments Account**
## **for the year ended 31 December 2023**
|Income
**Gross income for the year**
Property
Administration
Financial
**Total expenditure for the year**
**Net expenditure for the year**|**2023**
**£**
32,601
32,601
17,427
19,128
1,400
37,955
**(5,354)**|**2022**
**£**
24,396|
|---|---|---|
|||24,396|
|||16,012
10,366
700|
|||27,078|
||||
|||**(2,682)**|
Page 5
**The Regal Community Association Statement of Financial Activities for the year ended 31 December 2023**
|**Notes**
**Income:**
Hall Hire
VAT Reclaim
Telephone
Grants
Interest
**Total**
**Property Costs**
Rates
Light heat & Gas
Repairs & Renewals
Caretaker
Insurance
**Administration Costs**
Telephone
Printing and Stationery
Equipment
Cleaners Wages
Cleaning Materials
**Financial Costs**
Accountancy
**Total**
**Net expenditure**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**2023**
**£**
32,601
-
-
-
-|**2022**
**£**
24,396
-
-
-
-|
|---|---|---|
||32,601
1,684
11,218
1,645
4,260
1,430
848
-
9,053
4,468
1,949
1,400|24,396
203
8,220
1,094
3,804
2,691
757
49
4,364
3,920
1,276
700|
||37,955|27,078|
||(5,354)
120,974|(2,682)
123,656|
||115,620|120,974|
Page 6
**The Regal Community Association Notes to the Accounts**
## **for the year ended 31 December 2023**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with applicable accounting standards and the statement of recommended practice "Accounting by Charities".
## **Accounting Convention**
The financial statements have been prepared under the historical cost convention on an income and expenditure basis.
## **Assets**
The amount shown in the balance sheet represents the cost of the assets after depreciation.
## **Taxation**
The trust is exempt from taxations charitable institution under section 505 of the income and Corporation Taxes act 1988.
## **Tangible fixed assets**
|**Cost or revaluation**
At 1 January 2023
At 31 December 2023
**Depreciation and**
**impairment**
At 1 January 2023
Depreciation charge for the
year
At 31 December 2023
**Net book values**
At 31 December 2023
At 31 December 2022|**Fixtures &**
**Fittings**
**£**
-
-
-
-
-
-
-|**Total**
**£**
-|
|---|---|---|
|||-|
|||-
-|
|||-|
|||-|
|||-|
## **Movement in funds**
|**Movement in funds**||||||
|---|---|---|---|---|---|
||**At 1 January**
**2023**
110,974
10,000
120,974|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
32,601
-
32,601|**Resources**
**expended**
**£**
(37,955)
-
(37,955)|**Gross**
**transfers**
**£**
-
-
-|**At 31**
**December**
**2023**
**£**
105,620
10,000|
|**General funds**
Building Reserve
**Total funds**||||||
||||||115,620|
Page 7
**The Regal Community Association Balance Sheet**
**at 31 December 2023**
|**at 31 December 2023**||
|---|---|
|**Company No.**
**Notes**
**2023**
**£**
**Fixed assets**
Tangible assets
-
**Current assets**
Debtors & Prepayments
-
Cash at bank and in hand
115,620
115,620
**Creditors:**Amount falling due within one year
-
**Net current assets**
115,620
**Total net assets**
115,620
**The funds of the charity**
**Unrestricted funds**
General funds
105,620
Designated funds
10,000
115,620
**Total funds**
115,620|**2022**
**£**
-
-
120,974|
||120,974
-|
||120,974|
||120,974|
||110,974
10,000|
||120,974|
||120,974|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 December 2023
And signed on its behalf by:
Trustee
31 December 2023
Page 8