PILANDS WOOD COMMUNITY ASSOCIATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 REGISTERED CHARITY NUMBER: 1049953
PILAM)S WOOD COMMUNITY ASSOCIATIOIY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 coNrENTS Page Report of th¢ Manag¢m¢nt Commiti¢¢ Ind¢p¢ndenl Examincrfs Rcp Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-16 THE FOLLOWING PAGES ARE FOR MAIYAGEmE1 PURPOSLS ONLY: Detsiled Income and Expenditure Accouni 17
Page I PILANDS WOOD COMMUNITY ASSOCIATION REPORT OF THE MANAGEMENT COMMITtEE FOR THE YEAR ENDED 31 MARCH 2022 The Mana8em¢nt Conunittec is pled to present its annual Reprt and Financial Stswm¢nts of th¢ charity for the year ended 31 March 2022. Th¢ Financial Statements have Iw) prepared in accordgnce wlth the aceounting policies set out iti not¢ I to thc Financial Stat¢m¢nts and cotnply with thc charity'3 illjst dccd, thc Charilic5 Act 2011 and AOunting and Reporting by Charitieg". Statement of Recommended Practice applicable to charilies prepIng th¢ir Financial Statement in accordance with the FiDancial Reporting Standard applicablc in the UK and Kepublic of Ireland (FRS 102). REFF.RF.NCF AND ADMINISTRATIVF INFORMATION PIUNCIPAL OFFICE: Pilands Wood Community Asso¢iation Pilands W(KKI Centre Chwnberlayne Road Bursledon Hampshire S019 9RH TRUSTEES: The Management Comrnittee is a combination of officers elected from its members: a represenlative from each Pilands Wood Community AssociatlOD StIOn and a representativc of atfiliat¢d user groups, as well as repnial1Ves of local authorities and other community bodieg. such as the local Chu} council Otrice and cleGt¢d wuncillorb from thc arca. The tte¢S who served durin8 th¢ y¢ar a. H Millar Jackie Bennett Marlis Wyatt Belinda MuTray Chair Vice Chair INDEPENDENr EXAMtNERS: Abth & Dobell 230 Shirley Road SOuthampn S015 3HR
Page 2 PILAIYDS WOOD COMhtUNITY ASSOCIATION REPORT OF THE MANAGEMENT COMMIEE {CONTINUED) FOR YEAR ENDED 31 MARCH 2022 OBJECTIVES AND ATIEs FOR THE PUBLIC BENEFIT The &ssociation's objccts and principal athivities are: To encourage those living in the area of benefit to use the centre as a step up to learning gkills, a springboard to employment, to develop social and interactive skills and pursue hobbics and interests. To obtain sufficient fimds from lettings to meet the financial r¢quir¢ments to keep the building in good repair. pay gtaff to nm the centre and assigt in the fimding of projects. The main ar of charitable activity are: Letting of the centre to a day centrc. preschool. groups and clubs. Ccntre &8sisted funding of a play group. Community shop. Publle Beneflt St4tement Our main activities and who we ty to help are described above. All of our activities are undertaken to furth¢r our charitable purposes for the public benefit. In shaping our objectives and planning our activities, the Managcmcnt Committee has consider¢d th¢ Charity Comrni55ion's suidance on publi benefit including the gUIdae 'Public Benefit: Running a Charity (PB2}'. ACHIEVEMEwfs AIYD PERFORMANCES The Chairty continued to be impacted by the aftereffe¢ts of the COVID epidemic. It has adversely aff¢¢t¢d thc charity's ability to provide the services within its aims and obj¢ctives. Th¢ c¢ntr¢ had less hirers than compared to pre-COVID times. The centre hosted a community shop and Tegul8r hires including sports, a preschool, day ntr¢ and community groups. FINANCIAL REVIEW Income from lettings and other activities increased this year to £24.493. compared with £14.031 in 2021. Ovcrall income decreLscd to £32,825, comparcd to £39.697 in 2021. Expenditure in the year to 31 March 2022 incre&sed to £36219 from £34.528 in the previous year.
Page 3 PILANDS WOOD COMMUNITY ASSOCIATION REPORT OF THE MANAGEME COMMITfEK (CONTINUED) FOR THE YEAR ENDED 31 RCH 21122 FINANCIAL REVIEW (CONTINUED) The OcIatiOn incurred a deficit forth¢ year ended 31 March 2022 of £(3,394) compared to a surplus of £5,169 in the previous year. We continue to grateful for those who support the centre at this time by vmy of grants And realise the importan of thcir wntribuLion to th¢ G¢ntr¢. Prinripl¢ Fulldlng Sour¢¢ The funding sources for the charity are currently by way of 6/0 8rant fimding and 400/0 lettin8 income, As a rcsult of increasing constrainL$ on the cxpenditur¢ of local authorilie5, the charity h2S to s¢¢k fundin8 from a much broader group ofa8en¢ies and incrc&%c ILttinb7 in¢omo. Investment Policy Aside from retaining a prudent amount in reserves cach year, most of the charity's funds arc to bc spent in th¢ short-terni so th¢r¢ at¢ f¢w funds for long-terni investrn¢nL A rcvi¢w of investment policies is planned early in the new fll]ancial year. Reserves Policy and Going Coneern Thc Managcmcnt Committec has examincd thc charity's requirements foi reservcs in light of the main risks to the or8anisation. It has established 8 policy whereby th¢ unrestricted funds not committd or invested in tangible fixed a&8ets held by the clwity should be six months of the ¢xp¢nditw¢. The Mona8¢mcnt Committee is of a view thAt Pilands Wood Community Association is a going concern. PLAJYS FOK FUTURE PEIUODS During the coming year our ain are: - To recruit TnL8tee$. To look at new WAYS of in¢Tca5ing our incomc. To incre&8e private hites to incre&8e income. I"0 continue to recruit and train more volunieers. To liaise with local training facilitators to access relevant committee and volunteer training. To involve the community in all aspects of the running of thc Community Ccntrc. To gain funding. STRUCTURE, GQYERLYANCE AfiD MANAGEMENT GoY¢rning Dorumcnt The ass¢Kiation is an unincorpordted 1Tht consts"tuted on 6 December 1994 and amended 26 O¢ts>b¢r 2000 and 18 Jutt¢ 20011 sov¢rn¢d by a Constitution ov¢rseen by trust¢¢8 and r¢skst¢r¢a as a charity number 1049953. The &ssociation w&$ established under a Constitutiorn which estsblished the objects and wwers of th¢ choritsble &swiatio
Page 4 PILANDS WOOD COMMUNITY ASSOCIATION REPORT OF THE MANAGEMENT COMNttTfEE (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) Recruitment aDd Appointment of the Mgnagement Committee The tnlee$ of the &qsociation are also known as m¢mb¢rs of th¢ Manag¢m¢nt Comn]itt¢¢. Undcr the requirements of the Constitution of Associati¢) the members of the Management Committee arc elected to serve for a wod of one y¢ar, aft¢r which th¢y rn¢ ai th¢ Annual thn¢ral Meeting. Du¢ to the nate of objectiv¢s of the associatiotL it is hoped the needs of the area of benefit will be appropriately reflected through the diversity of the future trustee body. Trustee Induction And Trgining N¢w trustces and volUntS are invited and encouraged to attend a series of shorl training sessions to familiarise themsolv¢s with the charity and the context within which it op¢rat¢s. This takes th¢ fotm of mcctings with th¢ ¢xi5ting tru3tces" an introduction to ICes. resnSIbIlitieS and charity law by Ilampshire County Council. vaTiOUS one day cours¢s by Eastlci8h Borou8h Council and oth¢r atriliated organisations, and covers: the obligations of Management Committee members; the main documents which set out the operational framework for the charity, including the Constitution. rcsourc¢s and th¢ current financial N)sition sct out in the latest published Financial statements. futurc plans and objectivcs. and health and safety, lic¢nsingJ security, risk maDag¢m¢nt and ¢nvironm¢ntsl isSU¢S, An IntrOdtory pack h&8 also been prepared drawing infonnation fomi thc various Charity Commission publications sign postcd through the Commission's guide 'lkne Essenti8] Trustee, as a follow up to these sessions. This is distributed to all new Irustees. along with the Constitution and latest Financial Statements. Risk MaDagement The Management Committee is conducting a review of the major risks to which the charity is exposed. A risk r¢gist¢r is to b¢ ¢stablish¢d and is to be updated at1¢&5t annually. Iyhere appropriat¢, Systems or proccdurcs arc to bc established to mitigate the risks the charity faces. Significant external ri3k5 will Icad to thc dcvclopmcnt of a strdtegic plan which will allow for the diversification of fimding 2nd activities. Interna] wntrol risks will be minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are In place to ensure compliance with health and safety of statT, volunleers, rlients and visitors to th¢ ccntrc. Thcs¢ proc¢dur¢s are periodically reviewed to ensure that they continue to meet the needs of thc charity.
Page 5 PILANDS WOOD COMMUMTY ASSOCIATION REPORT OF THE MANAGEMENT COMMITfEE (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 STRUCTURE, GOVERNAIYCE AND MANAGEMEIYT (COIYTINUED) Organi8¥41ional Structhre The Pilands Wood Community Association has a management committee of up to six m¢mbers who meet quarterly and ar¢ r¢spon5ible for the strat¢gic direction and w)licy of the charity. At pres¢nt, the MeMent colntt* has 6 memb¢rs. A s¢hcm¢ of d¢l¢gation will b¢ put into pla and day day r¢spK)n5ibility for thc provision of th¢ scrvices rests with the Chairn]an. along with the Youth and Treasurer TnLStees. The Chairnjan is responsibl¢ for ensurin8 that th¢ charity d¢liv¢r3 the s¢rvic¢s specifi¢d and that k¢y perforn]ance indicators arc mct. Th¢ C¢ntr¢ C(thinator cmployed by the trustecs has delegated responsibility for th¢ day to day operation managcmcnt of the Centre. individual SUFrvIsion of the 5tsff team and al80 cnsuring that the team continue to devclop their skills and workin8 pfdctices in line with good prac'ti. Pay Pollcy for Senxor Staff The pay for all senioi staff employcd by the charity is rcviewed on a regular basis and any changes to salaries are dependent on the employees and the charity's ov¢rall perfornian¢e. Related Parties In so far as it is complemenlary to the charity's objects the cl)2rity is guided by both local and nation81 poltcy. At a national level, objectives such as provision of services to care for cllildren. provision of IT training and r.aLililies promotion of proj¢£ts where all groups mix. At a local level. various 8roups use the centre to provide activities and %rvIc to the area of b¢nefiL RESPONSIBILITIES OF THE TRUSTEES IN RESPECT OF THE FINANCIAL STATFMFNTS The trugtees are responsible forprep8ring the Report ofthe M8nagement Committee and the Financial Stal¢m¢nts in accordanc¢ with applicabl¢ law and Unitcd Kingdom Accounting Slandards (United Kirtgdom Getterally A¢¢¢pt¢d A¢¢ountitig Practice). The law appli¢abl¢ to charities in England and wal rcquircs the trustees to prcparc Financial Statcn]cnts for caGh financial ycar which givc a truc and fair vicw of th¢ slaic of thc affairs of thc charity and of the incomin8 resources and application of resources of the charity ftir that period. In preparing these financial statements the trustees are required to: select suitable accountins policies and apply them consist¢ntly; observe the methods and principles in the Charlties SORP. m£&e judgements and estimates that are reasonable and prudenL' si2ie whether applicable accouniing standards have iell follow subjeci w any departures disclosed and explained in the Fin8ncial Statements. and prep2Te the financial gtstements on 2 going concern blS unless it ig in2ppropri2te to Presume that the clrity will continue in b8]neSS.
Page 6 PILANDS W(M)D COMMUNITY ASSOCIATION REPORT OF THE MANAGEMENT COMMtTfEE ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The trustees are responsible for maintainin8 Proper accounting records which disclose, with r¢asonablc accura¢y at any timc. the financial position of the charity and to enable them to ensure that the Financial Stat¢ments comply with the Charities Act 2011, the Charity (Accounts and R¢ports) Rcgulation3 2008 and thc ptDvisions of thc trust dccd. Thcy arc also reSnSible for safeguarding the assets of the charity and, hence, for taking reasonabl¢ sS for the prcvention and dctection of fraud and othcr irrcgularitics. Th¢ tSteeS are responsibl¢ for th¢ maintenance and int¢Ity ofthc chartty and financial inforniation in¢lud¢d on the charity's websiie in accordance with legislation in the lJniied Kingdom governing th¢ prcparation and dissemination of Financial Stsiements. INDEPENDFNT EXAMINERS We re-appointed Abraham & Dobell as the charity's independent examiners during the year and they h8v¢ expressed their willin8n¢ss to ¢ontinuc in that capacity. Approvcd by thc trusteej on 20 November 2023 aDd signed OD tbelr bebalf by:
Page 7 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PILANDS WOOD COmMuNf ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2022 I report to the trustees on my examination of the accounts of Pilands Wd Community Association for the year ended 31 March 2022. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the charity you are resix)nsible for the preparation of the a¢¢ounts in a¢¢ordan¢¢ with the requirements of the Charities Ad 2011 {'the Act,). I report in rcspeet of my examination of the charity's accounts Clled out under section 145 of the 2011 Act and in canying out my examination I have followed all the applicable Directions given by the C'harity Lommission under section 145(5Kb) of the Act. INDEPENDENT EXAMINER'S STATEMENF I have completed my examination. I confirni that no material matters hav¢ wme to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in restttt of the charity as ruld by seclion 130 of the Act. or th¢ (OUnts do not aEwrd with th r¢¢onts' or thc accounts do not Gomply with th¢ appliGabl¢ r¢quircm¢nts c4Jncerning the fonn t)nd content of accounts set out in the Charities (Accounts and Rcports) Rcgulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent exan]ination. I hav¢ no concerns and have come across no other mati¢rs in WDnection with the examination to which attention should be drawn in this rcport Ln ordcr to cnablc a protKr undcr5tanding of the accounts to b¢ reached. DAVID J MANT FCA INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND & WALES 230 Shirley Road Southampton S015 3HR 20 November 2023
Pag¢ 8 PILAI¥DS WOOD COMMUIYITY ASSOCIATIO1¥4 STATEMENT OF FINANCLIL ACTivrrIES FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Totsl Funds Unrestrleted Total Funds Fund8 Note8 INCOME Donations and grants Charitable activities 8,332 24,493 8,332 24,493 25,666 14,031 TOTAL INCOME 32.825 32.825 39.697 EXPENDITURE Clwitablc activitie3 36.219 36.219 34,528 TOTAL EXPENDITURE 36.219 36.219 34,528 NET EXPENDITUREINET MOVEMENT FUIYDS FOR THE YEAR (3.394) (3.394) 5,169 RECOIYCILIATION OF FufrfDS Total lunds brought forward 9.520 9,520 4,351 Total funds carried forward £6,126 £6,126 £9,520 The Statement of Financial Activities ineludes all gains and losses in the year. All incorne and XnditU d¢riY¢3 from contiDuing activitic3. The notej on pages 10 to 16 forni part of these Finaneial Ststements.
Page 9 ptLAI¥DS WOOD COMMUNITY ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 NotsJ FIXED ASSETS 'rangible fixed assets 160 213 TOTAL FIXED ASSETS 160 213 CURRENT ASSETS Debtors C&gh at bank and in h8nd 16.666 6,903 12,500 7.840 TOTAL CURRENT F.Ts 23.569 20,340 LTARII.ITIES Cr¢ditors: Amounts falling due within one year 17,603 11,033 NET CURRENT ASSETS 9,307 NET ASSETS 10 £6,126 £9,520 THE FUNDS OF THE CHARITY Unrc3trictcd income fimds 6.126 9,520 TOTAL CHARITY FUNDS £6,126 £9,520 Approved by tbe trustees OD 20 November 2023 and signed OD their behalf by: B MUIU(AY Th¢ llot on p4g¢s 10 to 16 forni part of th¢8e FIDaneiAI Statsm¢Dts.
Page 10 PILANDS WOOD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACC'OUNTING POLICIES The principal accounting policies arc summariscd low. The accounting FK)Kicies hav¢ been applied eonsistently thrnu8hout the year gnd in the pre¢eding y¢ar. (a) BASIS of Pr¢p4rAtion Th¢ Financial Sthtcm¢nts hav¢ bccn prcpar¢d undcT the hiSrical cost convention. Thc Finaneia] Ststementg have been prepared in AeeordAnee with Accountin8 and Reportlf18 by Charities". Ststement of Recommended Practice applicable to charities preparing their Financia] Statemcnts in aLxordance with the Financial Reporttng Stsndard applicable in thc UK and Republic of Ir¢land {FRS 102) - (Charities SORP (FRS 102)), the Financi Reporting Stsndard applicable in the UK and Republic of Ircland (FRS 102) and the Chariti¢s Act 2011. The charity constitutes a public benefit entity as dcfined by FRS 102. The IneeS coLsider that th¢Te are no material Un¢tainti¢3 about the awity's ability to ontinue as a going conccrn. The Financial Ststements sre prepared in Sterling, which is the functional ¢urr¢n¢y of the charity. Monetary amounts are rounded to the nearest £. (b) Funds Strueture Unrcstrictcd funds arc availablc for at the discretion of the trleeS in furtherance of the gcneral objectives of the charity. Restricted funds are subj5 to regtrlctios on their expendilure imposed by the donor. (c) IDeome All income 13 included in the Statement of Financial Activilic8 when the chariiy is cntitled to the income and the amount can be quantified with reasonable accurdcy. The followin8 specific polices are applied to particular categories of income: Donations and legacies are received by way of grants and donations and are included in full in the Statement of Financia] Activilies when receivable. Grants, whcrc cntitlement is not conditioTd on the delivery of a specific perfomwice by th¢ charity. arc recogni3¢d wh¢D thc charity beM¢S uncondilionally cntitled to the Donated services and facilities are included at the value to the charity where this an be quantified. The value of services provided by volunteers has noi been included in these Financial Slatements. Investment income is included when receivable.
Page 11 PILANDS WOOD COMfvtUNITY ASsOCTION NOTES TO TKE FINANCIAL STATEMENIS (coNrll¥UED) FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTtNG POLICIES (CONTINUED) (d) Exp¢Ddi*ur¢ Expenditure is rccogmsed on an a¢¢rual basis &s a liability is incurred. Expenditure includes any VAT whith caDnot be recovered and is reported as part of the expenditur¢ to which it relates: Charitable expcnditur¢ Comprises thos¢ costs incurred by the charity in the delivery of its activities and 3¢rviLrs for its Etneficiarivs. It includes both costs ihat can be allocated dirertly to such activities and those costs of an indirect nature necessary to supwrt them. Governanc¢ costs include thosc LSts. &%social with meeting th¢ Constitutional and statutory requirements of the charity and include the Indepcndent Examiner's fees und costs linked to th¢ stratcgic managrm¢nt of th¢ charity. All Costs allocated betwccn the ¢xpcnditurc c84tegories of thc Statement of Financial Activiti¢8 on a basis designed to r¢fl¢¢t the use of the resource. Costs relating to a particular activity are allocated directly. others are apportioned on 8n appropriate basis. (e) Tangible Fixed Assets and Depre¢19tloD Fixed assets slated al wst less accumulat¢d dcpr¢ciation. The costs of minor additions are not capitsliscd. Dcpreciation is provided at ral¢s calculated to write-off the cost of ach assLt over its expccicd us¢ful lif¢ as follows: Offi¢¢ Lquipm¢nt 25Yo of Net Book Value (fj Debtor8 Any amounls owing to the charity at 31 March in respect of income are shown as debtors, if and when they arise. (8) Creditors Creditors are recognised where the charity h&s a presenl obligation resulting from a past evcnt that will probably sUIt in th¢ transfer of funds to a third party and the amouni due to settle the obgatiOn can ir easured or estitnat8J reliably. (h) Finaneial Instrnments The charity only ha5 financial ass¢ts and fitwicial liabilitic5 of a kind that qualify as basic fmwicial instrum¢nts. Basic fujancial instnunents arc illitially r¢LYJgnised al Iransaction value and subsequently MsUred at their settlement value.
Page 12 PILANDS WOOD COMfvfUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMEiYrs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 DONATIONS AND GRANTS The following general grants w¢re received for th¢ c¢ntr¢ a¢tiviti¢s duLing th¢ year: 2022 2021 Unrestrlcted Total Total Fundj Fund FundJ FIampshire County Council F,asilcigh Florough Council 9.000 16,666 8,332 8,332 £8,332 £8,332 £25,666 In 2021 th¢ donations and grants received of £25.666 were unrestricted. There were no donated services and facilities receivable which Uld be quantified in the year {202J £nil). INCOME FROM CHARITABLE ACTIVITIES The following incom¢ was generatLxI during the ycar: 2022 Unrestrlcted Total Funds Fund8 2021 Total FundB Lcttings and othcr proj¢cts 24.493 24.493 14.031 £24.493 £24,493 £14,031 In 2021 the income from charitsble activitics of £14.031 was unStrICt.
Page 13 PILANDS WOOD COMfvfUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENrs (CONTINUED) FOR THE VKAR ENDED 31 MARCH 2022 ANALYSIS OF EXPENDITURE ON CHARITABLE A1VITIEs 2022 Total 2021 TotAI Centre staff costs Premises and centre Events and other activities Support costs Govcrnancc costs 7,625 23,997 7,625 23.997 16,697 12,189 750 3,459 1,433 4.143 454 4,143 454 £36,219 £36,219 £34,528 In 2021 the expenditure on clwitable a¢tivities of £34,528 was unrestricted. ANALYSIS OF SUPPORT AND GOVERNANCE COSTS The charity identifics thc costs of its supwrt fijnction by way of apportionmenl. It then ideniifjcs those costs which rclalc to the governanc¢ function. 'lThe support costs and 80vernan¢c costs are analysed as follows: General Totsl Basis of Support Govern4nee Funds Apportionment Depreciation Examiner's costs General office costs 53 53 Usage Governance Usage 4,090 454 4,544 £4,143 £454 £4,597
PAge 14 PILANDS WOOD COMhlUNITY ASSOCIATION NoTF TO THE FINANCIAL STATEMENrs (CONTINUED) FOR TItE YEAR ENDED 31 MARCH 2022 STAFF COSTS AND NUMBERS 2022 2021 Salaries and Social Security costs £7,625 £16.697 The av¢rage weckly numbcr of employ¢cs durin8 thc year w&8.. No one earned more than £60.000 per year. TANGIBLE FIXED ASSETS Offi¢e Equipment Total Coxt As at l April 2021 379 379 As at 31 March 2022 379 379 Deprecialion As at l April 2021 Charge for the yeAr 166 53 53 As at 31 March 2022 219 219 Net Book Values As at 31 Mgrch 2022 £160 £160 A5 Flt 31 March 2021 £213 £213
PtLANDS WOOD COMMUNITY ASSOCIATION Pag¢ 15 NOTES TO THE FINANCTAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 DEBTORS 2022 2021 Grants receivable £16,666 £12.500 CREDITORS: Amounts falllng due wlibin OD¢ year 2022 2021 Accruals and oth¢r cr&litOTS £17,603 £11,033 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balanceg Are represented by: 2022 Unrestrlcted Total Funds Funds 2021 Tolal Funds Tangible fixcd ass¢ts Current asscts Curr¢nt liabiliti 160 160 213 23.569 23.569 20,340 (17,603) (17,603) (11,033) Net assets at 31 March 2022 £6.126 £6,126 £9.520
Page 10 PILAIYDS WOOD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL sTATEmEs (COIYTINUED) FOR THE YEAR ENDED 31 MARCH 2022 I I. ANALYSIS OF MOVETrfENTh FUNDS AND FUIYD DLTAILS At At 01.04.21 In¢ome Eip¢nditur¢ 31.03.22 Unrestrieted Fund8 Gcncrai funds 9,520 32,825 36,219 6,126 Total Unttstritt¢d Fundsrrotal Fllndi £9.520 £32,825 £36.219 £6,126 Unrestrici¢d I,unds wmpri3¢ those fund8 which tn1¢¢5 are frec to usc in accordance with the charitable objeets. Rcstricted Futth are fimds which have Ixen given for particular purwses and projeets. 12. TRUSTEES? REMUNERATION Trustees received no remuneration in the year (2021- £nil). 13. RELATF.D PARTILS There were no related party trntiOnS (2021- £nil). 14. TAXATIQryI As a charity, Pilands Wood Community Association is exempt from tsx on income and gains to the extent that these ar¢ applied to its chatiiabl¢ objects. No tax Gharg¢s hav¢ arisen in the charity.