Registored number: 03028439 Charity number.. 1049217 Church Langley Community Association IA company limited by guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 *ACOH8VZM• 31103r2023 COMPANIES HOLISE
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Church Langley Community Association IA company limited b¥gu¥anteel CONTENTS Page Reference and administrative detsils of the Charity. its Trumees and ad¥istis Trustees, report Independent tyaminer'5 report Statemeni of ffinancial artivities Balance sheei Notes io the finantial statements 8-17
Church Lane¥ Community As50ciailon IA ¢ornpèny limited by guaranteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED31 MARCH 2022 Trusiees A Flowers. Chair M Spra88ins CLCook Company règistered number 03028439 Charity re¢istered number IIM9217 Ae8lStered office Church Lan8ley Community Centre Mintorn Lane Church Lan8lev Harlow Essex CM17 9TG Company secretsry M Spra88ins Page I
Church Langley Community Association IA company limited byguaranteel TRUSTEES. REPORT FOR THE PERIOD ENDED31 MARCH 2022 The Trustees present iheir annual report to8ether with the financial statements of the Church Langley Communirv Association for the l January 2021 to 31 March 2022. The Annual report serves the purposes of borh a Trustees. report and a directors, report uNder company1aw. The Trustees confirm that the Annual report and financial statements of the thariiable company comply with the current statutory requirements, the requirements of ihe charitable company's governing document and the provisions of the Statemeni of Retommended Prattice ISORPI applicable to charities pieparing their atcounts irn accordarbce with the Financial Reptsrtirtg Standard applicable in the UK and Republic of Ireland IFRS1021 lettective l January 20191. Sinee the Charity qualifies as small under sertion 382 of the Compan5 Art 20C6, the Strategic report reiuired ol medium and large £ompantes under the Companies Au 2c¥J6 Istrategic Report and Director5, Reportl Regulations 2013 ha5 been omitted. Obie¢tives and activities a. Policie5 and obiertives The main artivities of the charity are to proe. maintain and run the Community and Church Centre in Church Langley in accordance with the objects set out in ihe MemoranL1um of Association éated 2 March 1995 as amended l May 2003. In settin8 objeftives and planning for attivities, the Trustees have given due considerariofi to general 8uidan£e published by the Charity Comm¢ssi¢4) relaiin8 to public benefit and in particular to its supplementary public benefit guidante. In setting objettive5 and planning for activities, the Trusiees have 8Nen due consideration to general guidance published by the Charity Commisyon relaring to public benefit. indudin8 rhe 8uidance'Pvblic benefit". runnin8 a charity IPB21'. b. Sirate8ies tor a¢hievin% objerti¥e5 The Twstees make the Centre halls wailable for hire to variou5 users. Achle¥èments and perforrnance . Review ol activities During the year the charity corstinued lo maintain the Centre to an appropriate standard for lettin8. Av3ilable time slots are actively marketed. Following the impact of the Covid19 pandemic, lettin8s are one again starting to increase. b. Fundraising activitles and Srtcome 8ÈDeration The Charity has undertaken small fund iaising activibes durin8 the year. The majority of its income is 8enerated from hall Page 2
chUh Langley Cornmunity A5$0Ciation IA cornpany lirnited by euaranleel TRUSTEES. REPORT ICONTINUEDI FOR THE PERIOD ENDED31 MARCH 2022 Financial revlew a. Goln8 con¢ern After making appropriate enquiries. the Trustees have a reasonable expectarion that the Charity has adequate resources to continue in Operatio1 existence for the foreseeable future. FOT thi5 reason. they continue to adopt the goin8 concern basis in preparin8 the financial siatements. Fvrther details re8ardin8 the adoption of the 80in8 concern basis can be fouThd in the accouniin8 policies. b. Reserves pollcv The Trustees have determined to keep available sufficient funds to enable the Charity to continue its activities in the short term. ¢. Deficit The Trustees attempt to balance the cash income and expenditure. The deficit for the year and the preceding year a¥ise because ol a provision for depreciation. d. Principal risks and uncertainiies The Trvstee5 have reviewed th? principal risks and uncertainties. In the main these derive from a circumstance where rhe centre is not available to let. Appropriate insurance has been put in place to miligate the risk. Structure. governance and management a. Constitution The c(tmp3ny 15 re815tered a5 4 charttable tompany limired by guarantee and w35 Set up by a Memorandum of Associarion L8ated 2 March 1995 a5 amended on l May 2003. b. Methods of appolntment or *leclivn of Trustee5 The managemernt ol the company is the responsibility of the Trustees who are elerted and co-opted under the term5 of the Articles ol Association. Two board members afe nominated by two of the churche5 (Church ol England and United Relorrn Church/Methodist Church) under the terms of the Articles of Association. A further four Members are elected in accordance with those Artitles for a period not exceeding 4 years. Up to 3 further persons may be co-opted.. t. Organi5ational 5trurture and declsion-maklng policies The Charity is managed by the Trustees who as a Board ol Mana8ernent meet monthly. The Centre Manager is responsible for the day to day running of the Centre and reports to ihe Boacd ol Management at its monthly rneetirtg. All other major dec¢sions are the responybility of the 8oard of Management Page 3
Churth Langley ComfflunityAssociation IA company limited by 8uaranteel TRUSTEES. AEPORT ICONTINUEDI FOR THE PERIOD ENDEO 31 MARCH 2022 Stm¢ture. governance and rnanagement (connUed) d. Polioes adopied for the Indurtion and training oITrustees On appointment, new Trustees are provided wth topies of. ¢y are difetted to. the Charity Commission briefing material £over•ng a trustee's job description and what an Essential Trustee needs to know. Plans for future perlods The Trusiees regularfy review the operations of the Centre and its fabrit and structure and make appropriate decisions. Statemeni of Trustees. spOnslI1tses The Trustees (who are also the directors of the Charity for the purposes of company lawl are responsible for prep3rin8 the Trustees. report and the linancial 5tatement5 in accordance with applicable law and United Kingdom Accounting Standard5 Iunited KinBdom Generally Accepted Accounting Practicel. Company law requires the Trustees to prepare financial statements lor eath financial . Under tompany law, the Trustees rnust not approve the financial Statements unless they are satisfied thar they give a true and fair view of the state of affairs of the Charity and of it5 incomin8 resources and application of resources, including its incorne and expenditure, for that period. In preparing these financial starements. the Trustees are required to.. select suitsble accountin8 policie5 and then apply them consistently4 observe the methods and principles of the Charities SORP (FR5 1021.. make judgments and accountirt8 estimates that are reasonable and prudenr.. srate whether applicable UK Accounting standards (FR5 1021 have been followed, subject to any matèrial departuies disclosed and explained in the financial statements". prepare rhe financial sratements tsn the galng concern basis unless it is inappropriate to presume thar the Charitv will continue in business. The Trustees are responsible for keeping adequate atttyjnting records that art suffitient to show ané e¥plain the Charity's transartions and di5c105e with reasonable accuracy at any time the finan£ial posltion of the Charity and enable them to ensure that the financial statements comply wirh ihe Companies Act 2006. They are also re5pon5ible for safeguardin8 the assers of the Chanty and hence for iaking reasonable steps fot the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees cm 15 Oecember 2022 and $8ned on their behalf by.. M Spraegins (Chair of Trusteesl Page 4
Church LanEley Community A5$0ciation IA company limited b¥ guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE PERIOO ENDED31 MARCH 2022 Independent Examiner's Report io the Trustees of Churth Langley CommunilyAsso(iation I'the Chèrity'l I report to the charity Trustees on my examination of the accounts of the Charity for the period ended 31 March 2022. Rèsponsibilities and Basis of Report As the Trustees of the Charity land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requiTements of the Companies Act 2CA)61'the 2Cx)6 Act'l. Havin8 Satisfied myself rhat the accounts of the Charity are not required to be audited under Part 16 01 the 2006 Art and are eligible for indepenijent examinarion. I report irt respett of my examination of ihe Charity's accounts carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. IA carryin8 Out my examination I have followed the Directions given by ihe Charity Commiswon under section 14515llbl of ihe 2011 Act. Independent Examiner's Staternent I have complered my examination. I t<fIrM that no matters have tome io my airention in connettion with the examinatlon 8lvlnB me Cause to believe= accountin8 retorlls were not kept in respect of the Charity as required by section 386 of the 2006 Aet.. or the accounts do not accord with those recorLl5.' or the accounts do not comply with the aCcontIn8 requirements of section 396 of the 2(6 Act other than any reqltirement that the accounts give a 'true and fair. view which is Thot a matter considered as part ol an independent examination.. or the accounts have not been prepared in accordante with the methods and principles of the Statement of Recommended Practice lor accounting and reporting by charitie5 lapplicable to charities preparing their account5 in aicordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come acr055 110 other matters in connection with the examinatioll to which attention should be drawrn in this report in order to enable a proper undeistartding of the accounts to be reached. This report is made sdely to the Charity's Trustees, as a body. in accordance with Part 4 of the Charities (Account5 and Reports) Re8ulations 2008. My work has been undertaken so that I might state to the Charity'5 Trustees those matters I m required to state to them in an Independent examiner's report and lor Tho other purpose, To the fullest extent permitted by law. I do not atcept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body. lor my work or for thi5 report. Signeé.. -fmQ Iy Dated.. IS December 2022 TMGiay 7 Thornwogd CtslLliesl*r C04 5LR PaRe S
Church Langley Comrnunity A5$0ciation IA iompany limr¢ed byguaranteel STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE PERIOD ENDED 31 MARCH 2022 Restrirted funds 2021 Unrestricted funds 2022 Total funds 2022 Tottsl funds 2020 Note Income from.. Donations an(4 le8acies Charitable attivities 18,435 69,087 19,935 69,087 94 3.387 16,376 Other tradin8 activities Total income 87.616 89,116 19.763 Expenditure on: Charitable activitie5 15.044 72.538 87.582 67.QlO T+xal expendhure 15,1)44 72,538 87,582 67,010 14et fflo¥ement in funds 113,5441 15.078 1.534 147.2471 Reconciliation of funds.. Total funds brought forward 416.127 11.2051 414.922 462.169 Toial funds carried fOard 402.583 13,873 416,456 414,922 The Statement of Financièl Activities includes all 8ain5 and losses reco8nised in the period. The notes on pa8es 8 to 17 form part of these finantial statements. Page 6
Church laneV Community Association IA company limited by guarantee) REGISTERED NUMBER.. 03028439 BALANCE SHEET A5 AT 31 MARCH 2012 31 March 2022 31 December 2020 Note Fixed asstts Tan8ible assets 392.779 408.471 392.779 408,471 Current assets Cash at bank and in hènd 52345 28,373 52.345 28.373 Creéitors.. amounis falling due within one year io 128,6681 121.9221 Nèt Cufrent a55et5 23,677 6,451 Total nei assets 416.456 414,922 Charity funds Restricted funds li 402.583 13.873 416,127 11.205) Unrestrscted funds li Total funds 416.456 414,922 The Charity wa5 entitled to exemption from audii under section 477 01 the Companies Act 2006. The members have not required the company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2(*)6. The Trusiees acknowledge their responsibilitie5 for complyin8 wilh the requirements of the Act with iespect ro aecounting records and prepèraiion of financial statements_ The financial siaremenls have been prepared in accordance with the provisions applicable to entitie5 subject to the small companies ie8ime. The linancial statements were approved and authori5ed for issue by the Trnstees on 15 December 2022 and signed on their behalf by.. M Spfa48lns Page 7
Church Langley Q>mfflunity Association {A cofflpany lirnited tsy guarantetl NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 General information Church Langley Community Association is a chanty and a company limited by guarantee bncorporated in England and Wales. The re8lStered office ol the company is Church Langley Community Centre, Church Langley Wav. Harlow. En8land. CM17 9TG. A¢¢ountinK poli¢ie5 2.1 Basis of preparaiion of fin(la1 statements The financial statements have beern prepared in accor¢ance with the Charities SORP IFRS 1021 Accounting and Reportin8 by Charities.. Statement of Recomrnended Practice applicable to charities preparin8 their accounts in accorlance with the Financial Reportin8 St3Ddard applicable in the UK and Republic of Irelan IFR5 1021 leffettive l Jèrtuary 20151, the Finantial Reportin8 5tèndard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Aci 2C(J6. Church Langley Community Association meets the definition ol a public benefit entity under FRS 102. Assets and liabilities are initially reco8nised at historKal cost or tran53Ction value unless otherwise st?ted in the relevant accovntin8 policy. 2.2 Incorne All income is reco8nised once the Charity has entitlement to the income. it is probable ihai the income will be received and the amount of intome receivable can be measured liably_ 2.3 Expertdiiure Expenditure is recognised once there is a leeal or construrtive obligation to transfer econ¢)mic benefit to a third party, if is probable that a transfer of economic benefits will be requiTed In settlement and the amounr of the obligation can be measured reliably. Expenditure is classified by artivity. The ttssts of each activify are made up of the total of direct costs and shared costs. including support Costs involved in undertaking each attivity. Direct C05t5 attributable to a single activity are allocated directly ro that activity. Shared costs which contribuie to more than one activity and support costs which are not attributable to a single activity are apporrioned between those athwties on a basi5 consistent with the use ol resources. Central siaff cost5 are allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable acrivities is incurred on direcrly undertakin8 the acrivities which further the Charity's objectives, 35 well as any èssociaied support costs. All expentliture is inclusive of brrecoverable VAT. 2.4 Tan8ible fixed assets and deprtciation Tangible fixetl assets cosiing £1[ or more are capitalised and recognised when futtsre economic benefits are probable and the cost or value of the asset can be measured ieliably. Tangible fixed assets are initially recognised at cost. After reco8nirion, under the cost model, tangible fixed asseis are measured at cosr less acrumulateé depreciation and any accumulated impairment losses. All c05t5 incurred to bring a tangible fixed asset into its intended workin8 condition should be included in the MeasuMent ol cost. Page 8
Church Lan8ley Community Association IA company limited byeuaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 Attounting policies Itontinuedl 2.4 Tangible fixed assèts and depreciation {continuedl Depreciatior is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful live5. Depreciation is provided on the following basis.. Freehold property Fixtures and fittings 2.5% stiaight line 20.0% reducing balante 2.5 Cash at bank and in hand Cash at bank ènd in hand includes cash and short-terrn highly liquid investment5 Wlth a short maturify of three months or less from the date of acqui5jtion or opening of the dep051t tsr similar account. 2.6 knabililies and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a p35t event. it is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recognised èr the amount that the Charity ènticipates it will pay to settle rhe debt or the amouni it has receivetl as 3dvanipd payments for the 8ODd5 OT 5ervice5 It must provide. Provi5ion5 are measured at the best esiimaie of the amounts required to settle rhe obligation. Where the eflect of the time value of money 15 material, the provision is b35ed on the present value of those amounts, discounted ai the pre-tax discount rate rhat reftecrs the risk5 Specific to the liabiliry. The unwinding of the discount 15 recogni5ed in the Statement of financial activitses a5 a finance cost. 2.7 Flnancial instruments The Charity only has finanoal assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised ar transaction value and subsequently measured at their settlement Value with the exception of bank loans which are subsequently measured at amortised cost using the effecrive Inieresr merhod. 2.8 Pen5rons The Charity operates a defined conrribution pension scheme and the pension chacge represents the amounts payable by the Charity to the fund in respell of the period. Pa8e 9
Church langley Community Association IA company lirnited by zuaranteel NOTES TO THE FINANCIALSTATEMENTS FOR THE PERIOD ENDED 31 IAARCH 2022 Attounting policies (continued) 2.9 Fund 3UOUlltlng General fvnd5 are unre5trirteé fund5 which are available for use at the discretion of ihe Trustees in furtherance of the 8enerèl objectives OF the Charity and whith have not been designated lor other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular pvrposes. The costs of raising and adminisrering such funds are thar8ed aeainst the specific fund. The aim and use of each restricted fund is set out in the notes to the finallcial statement5. Incomt from donations and legaciÈ5 Restricted Unrestrirted funds funds 2022 2022 Total funds 2022 Donations i.soo 18.435 19,935 Restrirted UA)re5tricted funds funds 2020 2020 Totol funds 2020 Donations 960 2,427 3,387 Page 10
Church Langlèy ComrnunityAssotiation IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 Income from chafltable activitie5 Unrestricted funds 2022 Total funds 2022 Lettings 69,087 69,087 Unrestricted funds 2020 Totol fund5 202Q Lettings 16,376 16,376 Income from other tiadin8 artivities Incorne from fundralslng events Unrestrlcted funds 2022 Total fund5 2022 Totol funds 2020 Fundraising 94 Page 11
Church Langley Cornmunity A$50ciation IA cornpany limited by guarantee) NOTES TO ThE FINANCIAL STATEMENTS FOR THE PERIOD ENDED31 MARCH 2022 AnaWsis of Èxpènditurè on charitable atti¥ities Surnfflary by fund type Restrlrted Unrestrlcted tunds funds 2022 2022 Total funds 2022 Dirett tost5 15.044 72.538 87.582 Total 2022 15.044 72,538 87,582 RestrKred UnreStrted funds rund5 2020 2020 rotol funds 2020 Direct costs 15.044 51,966 67.010 TDtol 2020 15.044 51,966 67.010 staff tosts 202Z 2020 Waees and Salaries SL¥cial security Costs Contribution to rjefined contribution pension sthemes 44,IK14 254 32.596 1401 587 705 44.963 33,143 The average nurnber 91 persons employed by the Charity durin8 the period was as follows.. 2021 No. 2020 No. Administration and maintenance Pa8e 12
Church Langley CommvnityAssociation IA tompany limited by guarantee) NOTES TO THE FINANCIAL STATEMÉNTS FOR THE PERIOD ENDEO 31 MARCH 2022 Staff costs Icontinuedl No ernployee recèived remuneration amountin8 to more than £60.C(Q irt either year. Trustees, remuneratbon and eMnSeS Durin8 the period. no Trustees received any rernuneratton or other beftefits {2020- £NIL}. Durin8 the period endetl 31 March 2022, no Trnstee expenses have been iNcurred12020- ENIIJ. Pa8? 13
Churth Langley Communlty Association IA company limited by guaianteel NOTES TO THE FINANCIAL5TATEMENTS FOR THE PERIOOENDED 31 MARCH 2022 Tangible fixed assets Freehold Property Fixtures and fittlnes Total Cost or valuation At l January 2021 601.723 3,240 604.963 At 31 March 2022 601.723 3,240 604,963 Depretiation At l January 2021 Charge for the period 195.196 15.044 1.296 196.492 15.69Z At 31 March 2022 210.240 212,184 Net book value At 31 Mèrth 2022 391,483 1.296 392,779 At 31 December 2020 406,527 1.944 408,471 Page 14
Church Langley Community Association IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 io. Cfeditors.. Arntsunts falling due within one year 31 March 31 Oecember 2022 2020 Bank overdrafts 9.248 Other taxation and sooal security Other creditors 170 28.014 250 12.254 250 A£cruals and deferred income 28,668 21.922 Pa8e 15
Church lane¥ Comrnunity A550ciation IA Company limited by Euaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 ii. Statement of fvnds statement of funds. current perood Balante at i January 2021 Balante at 31 March 2022 Income Ejtptnditure Unresiricied funds General Fund 11.2051 87.616 172.5381 13.873 Re5trlctèd funds Extension building repairs fund Buildin8s Ftsnd ii.ioo 391.483 06.527 {15.0441 416.127 115.0441 402,583 Total of fund5 414.922 89.116 187.5821 416.456 Statement of fvnds- prlor period 8olonce Lyr 31 Decernber 2Q20 l Jonuory 2020 Income Expenditure Unresiritted funds General Fund 31958 18.803 (51,966) 11205) Restricted funds Exten5ioTh building repairs fund Building5 Funé 9,6( 4Q6.527 421.571 115.044J 430.211 (15,044) 416.127 Total of funds 462.169 19. 763 {67.0101 4J4,923 Pa8e 16
Church 13nglty Community Association IA company limr¢ed by guarantee) NOTES TO THE FINANCIAL SYATEMENTS FOR THE PERIOO ENDED 31 MARCH 2022 J2. Analysis of net 3$5ets bètween fund5 Anatysis of noi assets bets¥een funds- CUWTent period Restrirted Unrestricted funds funds 31 March 31 March 2022 2021 Total funds 31 Maith 2022 Tangible fixed assets CTrent asset5 402.583 19,8041 52.345 392.779 52,345 128,6681 Qeditois due within one year 128.6681 Total 402.583 13,873 416.456 Analysis Ot net a55ets bet¥¥een funds- prior period Restricted UnrestrKted fvnds funds 31 December 31 December 31 December 2020 2020 2020 Totol Tangible fixed a5set5 Current assets 406.527 408,471 28,373 121,9223 18. 773 Credirors due within one year 121,922) Total 416.127 11,2051 414,922 13. Pension comrnitfflents The company operates a defined contribution pension scheme. The assets of the scheme are hèlé separately from those ol the company in an independently administered fund. The pension tost charge represents contributions payable by the company to the fund and amounted to £70512020- £5871. Page 17