ABERMULE COMMUNITY CENTRE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] APRIL 2021 Charity Number: 1056733
CADWALLADER & CO LLP Chartered Accountants EAGLE HOUSE 25 SEVERN STREET WELSHPOOL POWYS SY21 7AD
ABERMULE COMMUNITY CENTRE
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 30[TH] APRIL 2021
CONTENTS
| Page | |
|---|---|
| Trustees’ Report | 1 |
| Independent Examiner’s Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 – 8 |
ABERMULE COMMUNITY CENTRE
TRUSTEES’ REPORT
FOR THE YEAR ENDED 30[TH] APRIL 2021
The Trustees of the Abermule Community Centre, who are the members of the Executive Committee, present their report and the financial statements for the year ended 30[th] April 2021
CHARITABLE OBJECTIVES
The Charity holds the leasehold of the Village Hall for the use of the inhabitants of the community of Abermule and the former civil parish of Llandyssil in the county of Powys without distinction of political, religious or other opinions including use for meetings, lectures, classes and other forms of recreation of leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
TRUSTEES
The Trustees who served during the year were:
L Shearer J Harrison W T Jones T Wain J Rees N Eaton M Hussey H Cullen-Jones
ACTIVITIES and ACHIEVEMENTS
The results of the year’s operation are set out in the attached financial statements. The net movement in unrestricted funds for the year amounted to a surplus of £29763 (2020: surplus £40082). There were no restricted funds for use in 2021 or 2020.
Trustees’ Responsibilities for the Financial Statements:
Law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:-
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select suitable accounting policies and apply them consistently;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with Section 132 of the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Mr W T Jones ……………………………………… 17[th] March 2022
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES
OF ABERMULE COMMUNITY CENTRE
We report on the accounts of the Charity for the year ended 30[th] April 2021, which are set out on pages 3 to 8.
Respective Responsibilities Trustees and Examiner
As Trustees of the Charity, you are responsible for the preparation of the accounts; you consider that an audit is not required under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is our responsibility to:-
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Examine the accounts under section 145 of the 2011 Act
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To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5) b of the Act 2011; and
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To state whether particular matters have come to our attention.
Basis of Independent Examiner’s Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by The Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees of the Charity concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limit to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with our examination, no matter has come to our attention.
(1) which gives us reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
have not been met; or
- (2) to which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
17[th] March 2022
Cadwallader & Co LLP Chartered Accountants 25 Severn Street Welshpool Powys SY21 7AD
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ABERMULE COMMUNITY CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30[TH] APRIL 2021
| Note Unrestricted Funds Restricted Funds £ £ Incoming Resources: Affiliation Fees 140 Room Hire 8259 Sport Facilities and F.L. Charges Miscellaneous receipts 0 671 Interest Received 891 Grants from Local Authorities 7250 Friends of the Community Centre Donations 0 0 Covid 19 income 8313 Fundraising 0 Total Incoming Resources 62002 - Resources Expended: Direct Charitable Expenditure 3 (32239) - Net Outgoing Resources 29763 - Funds Brought Forward (86232) 197176 Funds Carried Forward (56469) 197176 |
Total £ 140 8259 0 671 891 7250 0 0 8313 0 62002 (32239) 29763 110944 140707 |
2020 £ 4488 10123 0 279 641 7250 42504 1067 11722 1153 79227 (39145) 40082 70862 110944 |
|---|---|---|
The notes on pages 5 to 8 form an integral part of these accounts.
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ABERMULE COMMUNITY CENTRE
| BALANCE SHEET AT 30TH APRIL 2021 2021 Note £ £ FIXED ASSETS Tangible Assets 4 40337 CURRENT ASSETS Debtors 5 3119 Cash at Bank and In Hand 106672 109791 CREDITORS: Amounts falling due within one year 6 9421 NET CURRENT ASSETS/(LIABILITIES) 100370 NET ASSETS 7 140707 FUNDS Restricted Funds 8 197176 General Funds 9 (57961) Designated Funds 10 1492 140707 |
2020 £ 1960 95199 97159 35460 |
£ 49245 61699 110944 197176 (87724) 1492 110944 |
|
|---|---|---|---|
Approved by the Trustees on 17[th] March 2022 and signed on their behalf: -
Mr W T Jones ………………………………
The notes on pages 5 to 8 form an integral part of these accounts.
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ABERMULE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2021
1. ACCOUNTING POLICIES
Basis of Accounting
The statement of accounts have been prepared in accordance with the provisions of the Charities Act 2011, the Statement of Recommended Practice Accounting by Charities and applicable accounting standards.
Fund Accounting
Unrestricted funds comprise accumulated surpluses on general funds. They are available for use at the discretion of the Executive Committee in furtherance of the general charitable objectives.
Designated funds are amounts that have been set aside at the discretion of the Trustees.
The Restricted Fund represents the grant received from the National Lottery Charities Board towards the refurbishment of the property.
Incoming Resources
Incoming resources represents the total income receivable during the period including grants, donations and investment income.
Depreciation
Depreciation has been provided at the following annual rates in order to write off each asset over its estimated useful life:
| Leasehold Property | Over 25 years (Straight Line) |
|---|---|
| Fixtures and Fittings | 15% on Cost (Straight Line) |
| Plant and Machinery | 15% on Cost (Straight Line) |
| Bowling Green | 4% on Cost (Straight Line) |
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ABERMULE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2021
2. TRUSTEES’ REMUNERATION AND REIMBURSED EXPENSES
L Shearer a Trustees received remuneration of £3000 for their services during the year (2020: £3000)
No Trustees received any reimbursed expenses during the year (2020: Nil)
3. ANALYSIS OF TOTAL RESOURCES EXPENDED
| Postage, Stationery and Advertising Property Care and Repair Insurance and Licences Covid Expenditure Services Fundraising Expenditure Miscellaneous Depreciation |
2021 £ 39 6755 1090 9267 2770 0 3410 8908 32239 |
2020 £ 377 16584 1608 2054 5444 553 3578 8947 39145 |
|---|---|---|
4. TANGIBLE ASSETS
| Bowling Green Leasehold Property Fixtures & Fittings Plant & Machinery £ £ £ £ COST: 30thApril 2020 25339 174265 70396 12651 Additions - - - 30thApril 2021 25339 174265 70396 12651 DEPRECIATION: 30thApril 2019 19266 134538 68786 10816 Charge for the year 1014 6970 435 489 30thApril 2020 20280 141508 69221 11305 NET BOOK VALUE: 30thApril 2021 5059 32757 1175 1346 30thApril 2020 6073 39727 1610 1835 |
Total £ 282651 282651 233406 8908 242314 40337 49245 |
|---|---|
The property cannot be sold for a period of 15 years without the prior written permission of the National Lottery Charities.
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ABERMULE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2021
| 5. DEBTORS 2021 £ Debtors and Prepayments 2696 VAT Debtor 423 3119 6. CREDITORS: £ Creditors 2309 VAT on Buildings 2369 Deferred funds 4743 9421 7. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds £ £ Tangible Assets - 40337 Current Assets (47048) 156839 Current Liabilities (9421) - Total Net Assets (56469) 197176 8. RESTRICTED FUNDS Opening Balance Incoming Resources Outgoing Resources £ £ £ National Lottery Charities Board Grant 175757 - - Other grants and donations 21419 - - 197176 - - |
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|---|---|---|
The grant of £159,619 from the National Lottery Charities Board in 2000 has been utilised for the refurbishment of the property and to provide fixtures and fittings. The agreement with the National Lottery Charities Board contains terms and conditions which remain in place for a period of 20 years.
A further £15138 grant was received from the National Lottery Sports Council for Wales in 2002 for the work done in establishing the bowling green.
Funds of £7000 were donated by the Pantomime Society. A grant of £4000 was received from Powys County Council, under the Community Enablement Scheme, for the seating system which was undertaken in July 2004. In 2005 a grant of £8190 was received from the Arts Council, which further contributed to the cost of the seating completion.
In 2006 a further £1300 was received under the Community Enablement Scheme, together with £741 from Sportlot.
Funds from the Phys Activity Grant were received in 2008, of which £550 was restricted to be used in 2008/2009.
In 2009/2010 the play area was resurfaced at a cost of £15320, with grants received from the National Lottery Sports Council for Wales of £1000, with further grants from PCC of £7660(CESF) and £2298 (WCH Act). Additional funds of £5000 were received from the Friends of Abermule CC.
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ABERMULE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2021
9. UNRESTRICTED FUNDS
| UNRESTRICTED FUNDS | ||
|---|---|---|
| Funds Brought Forward Net Outgoing Resources Transfers to Designated Funds: Repairs and Maintenance DESIGNATED FUNDS Funds Movement B/fwd In Funds £ Repairs and Maintenance 1492 - |
£ (87724) 29763 (57961) - (57961) Funds C/fwd £ 1492 |
|
10. DESIGNATED FUNDS
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