Charity Registration Number: 1071625 Company Registration Number: 03625785 


Bonny Downs Community Association Annual Report and Financial Statements Year Ended 31 March 2023 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Contents 

Charity reference and administrative details ...............................................................................2 Trustees’ Annual Report (including Directors’ Report) ................................................................3 Independent Auditor’s Report ....................................................................................................12 Statement of financial activities (including income and expenditure account) .........................15 Summary income and expenditure account ...............................................................................16 Balance sheet……. .......................................................................................................................17 Statement of cash flows .............................................................................................................18 Notes to the financial statements ..............................................................................................19 

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**Bonny Downs Community Association** Annual Report & Financial Statements 

## Charity reference and administrative details 

|**Charity registration number:**|1071625|
|---|---|
|**Company registration number:**|3625785|
|**Trustees:**|D H Mann|
||B Dexter|
||N Brook|
||M Dobiasova|
||T Isaac|
||I Okwudili|
||D A Crawford|
|**Company secretary:**|M Porter|
|**Senior leadership team:**|S Laing|
||A Allgood|
||J Craig|
||T Pease (until 30th September 2022)|
||P King (appointed 1stOctober 2022)|
||S Begum|
|**Registered office:**|49 Vicarage Lane<br>East Ham|
||London|
||E6 6DQ|
||Calculus Assurance Services|
|**External auditor:**|5 Priory Road|
||Loughton|
||Essex IG10 1AF|
|**Bankers:**|Co-operative Bank Plc<br>1 Balloon Street|
||Manchester|
||M60 4EP|
||Barclays Bank Plc|
||Newham Business Centre|
||737 Barking Road|
||London E13 9PL|
||Santander Business Banking|
||Bridle Road|
||Bootle|
||Merseyside L30 4GB|



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**Bonny Downs Community Association** Annual Report & Financial Statements 

## Trustees’ Annual Report (including Directors’ Report) 

The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity. 

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Companies Act 2006, the Charities Act 2011 and 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 issued in October 2019. 

## Trustees of the charity 

The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end were as follows: 

D H Mann - Chair T Isaac B Dexter - Treasurer I Okwudili M Dobiasova - Vice chair D A Crawford N Brook 

## Objectives and activities 

The charity is a charitable company limited by guarantee and was incorporated on 3 September 1998. It is governed by a memorandum and articles of association. Its objectives are to relieve need, hardship and distress of the elderly or sick in the London Borough of Newham, or elsewhere, to advance education and to provide and promote the provision of sports and sporting facilities for all age groups in London Borough of Newham and elsewhere. 

## Public benefit statement 

The trustees have considered the guidance published by the Charity Commission in relation to public benefit. How the charity has delivered public benefits is set out in the ‘Activities During the Year’ section below. 

## Fundraising Standards Information 

During the year BDCA employed two part time grant Fundraisers (equivalent to a 0.77 FTE post) who specialise in applying for Trusts & Foundations grants, lottery funds and government commissioning contracts and does not use external fund raisers. One of the Co-Directors, responsible for marketing, implements crowd funding campaigns and regular donor drives to encourage local giving (equivalent to 0.2 FTE). 

BDCA complies with the Fundraising Code of Practice regulations that came into effect October 2019. There were no reported incidents of regulation breach or complaints made about any of our fundraisers. 

In line with our GDPR and safeguarding policies, we only sent newsletters including direct fundraising appeals to service users who had freely given us opt-in consent. An unsubscribe button was available on every email to allow for easy and instant termination of messages at the recipient’s request. Social media-based crowd funding campaigns included a non-financial option to support our work through spreading the word or volunteering, so those unable to afford financial gifts are made aware of other 

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**Bonny Downs Community Association** Annual Report & Financial Statements 

## Trustees’ Annual Report (including Directors’ Report) 

valuable ways to get involved. Social media users can easily unfollow or temporarily mute crowdfunding campaign posts from our charity. 

Donations are received from service users either through our secure online giving platform or via cash collecting tins or envelopes delivered to The Well Community Centre office / project staff. BDCA seeks to protect vulnerable people by not directing fund raising to specific individuals, monitoring amounts received from individuals and refusing excessive donations from vulnerable individuals.  Where staff receiving or monitoring donations from individuals are concerned that the level of giving is disproportionate to their circumstances, they will refer this to the safeguarding team to review. 

## Activities during the year 

During the 2022-2023 financial year, Bonny Downs faced huge challenges, as recovery from the Covid pandemic merged into the growing cost-of-living crisis. 

## Rebuilding the community after Covid 

We put into action what we learned from our 2021 consultation with over 400 residents: that they desperately wanted activities to bring the community back together following the pandemic. We therefore worked hard to resume face-to-face activities and focus on celebrations that contribute to a sense of community, belonging and togetherness. Highlights include our Interfaith Garden events, Family Hub cultural celebrations, Children & Families parties, Over 65’s socials and Community Support shared lunches. 

## Tackling the cost of living crisis 

We have grown our community support offer by launching a Food Club, where for just £5, local residents can choose the items they need most - worth around £30. The launch of our CommuniTEA Café offered a warm space for residents to enjoy free hot drinks with their neighbours. We’ve added pension credit advice to our advocacy service for Over 65s. We also continue to offer food parcels, debt advice, a uniform bank, and toys for families at Christmas, all of which comes with a friendly welcome. 

## Expanding our childcare offer 

BDCA launched a new Social Enterprise Nursery in January 2022 in response to the local shortage of childcare. It offered high-quality childcare at competitive prices, provided full and part-time employment for local people, and aimed to reinvest any surplus income into services for the local community. 

Starting a new Social Enterprise in the current climate presented significant challenges, but we were proud of the determination and hardworking team spirit that pulled together to provide a safe, loving and stimulating environment for children. As one parent told us _, “I’m so happy that my son enjoys his days in nursery, and I love the environment. Thank you to everyone working to make his days beautiful and happy!”_ This year we also celebrated 10 years of our After School Club and holiday care provision, which is rated ‘Good’ by Ofsted but struggled to see numbers pick up after the pandemic. 

Trustees invested significant reserves in the nursery launch and closely monitored growth in occupancy against agreed targets. The Nursery and After School Club provided high quality childcare throughout the 22-23 year, but the decision was taken to close the After School Club at the end of the 

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**Bonny Downs Community Association** Annual Report & Financial Statements 

## Trustees’ Annual Report (including Directors’ Report) 

school year in July due to falling numbers. Subsequently trustees decided in August 2023 to transfer the operation of the nursery to an experienced local provider as from October. 

## Bringing together a diverse community 

We continued to provide opportunities for people to come together. Local women have stepped up to help co-lead our Family Hub, a support group for refugees and migrants sharing their stories over cooking and crafts sessions. Our community sports and fitness sessions filled quickly with residents eager to get fit and meet friends after the long and lonely lockdowns. Guests from foodbank, Family Hub and New Day centre for rough sleepers were signposted to our other services so that not only do they receive the support they need but could also engage in wider social activities that helped contribute to a sense of community and belonging. 

## Refreshing our strategy to be future-ready 

During the year we refreshed our charity’s strategy using what we learnt from the pandemic and reflecting on Newham’s future needs whilst helping our community to recover and rebuild. 

BDCA worked with over 2,700 unique registered individuals who spoke 46 languages. We directly delivered 82,842 hours of activity sessions for public benefit. In financial terms, for the third year in a row we channeled over £1m into charitable activities in Newham and 59 people were engaged in paid work by BDCA.(31.7 FTE) 

## Project updates 

Children and Families Project _‘helped families to give children a brighter future’_ This was the first full year of operation for Bonny Downs Nursery social enterprise, which opened in January 2022 and added spaces for babies in April. 

Our weekly Family Hub continued to support parents raising children on very low income. They benefited from advice, volunteering, and practical support and found a safe space to make new friendships. Participants grew in confidence enough to co-lead activities, hosting celebrations around festivals such as Eid and Onam (a Keralan harvest festival). 

Our three regular, free weekly parents & toddlers groups provided 196 hours of fun; the After School and Holiday Clubs brought respite for parents and joy to 133 local children over half-term, Easter and summer holidays; and 208 children attended our summer scheme _. “It was my child's first time at a holiday scheme and he had an excellent time… He loved being at the holiday scheme and came home each day excited for the next [day]”- Josiah_ 

Youth Project _‘provided safe spaces, relatable role models and empowering activities’_ Our expanded youth project in collaboration with the Newham Youth Empowerment team and our partners at The Renewal Programme provided 954 hours of regular youth club sessions attended by 625 young people aged 9-19 years old over six evenings a week. Activities included sports, crafts, gym and fitness training, study support, mental health support, trips and residentials. Young people were helped to grow in confidence, find new friendships, learn new skills, and to steer away from crime. In the summer we recruited and trained 41 young leaders aged 15-22 years to help us plan and deliver the Go Wild! Summer Scheme as part of our annual leadership development programme. This provided young people with paid work, volunteering, and accredited sports leadership qualifications 

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## Trustees’ Annual Report (including Directors’ Report) 

too _.  J says, “I have transformed mentally and physically through the Youth Club gym and activities.”_ 

## Over 65s Project _‘brought zeal to later life’_ 

After the Covid disruption of the previous few years, our Over 65’s members took advantage of opportunities to come together again as a community at weekly events including a buzzing coffee morning, arts and crafts, and sports and fitness activities such as Chair-based Exercise and indoor Bowls. They took every chance to celebrate at events like an intergenerational Jubilee event and a Summer Staycation, and a varied programme of daytrips helped our older neighbours get out and about beyond Newham. 323 people aged 65+ enjoyed these activities. At the same time, our 1-1 

advocacy service supported 142 local older people with advice on a wide range of personal issues, from benefits and energy bills to housing and mobility. With the cost of living crisis in mind, we launched a new information drive on Pension Credit too. Our befriending project, launched in the pandemic, provided 97 hours of support to lonely and vulnerable members of the community _. "I wouldn't have known what to do if it hadn't been for your help." (Beryl, 75)_ 

## Garden Project _‘connected people through nature’_ 

Our Grow Together Be Together Community Garden is an urban oasis for locals to relax, socialise with neighbours, learn new skills, grow food and boost their wellbeing. 162 locals joined us for over 200 hours of community gardening, and the garden hosted 18 hours of employment training for homeless and ex-homeless people. Twice-weekly gardening sessions attracted a diverse group of local volunteers; at our family-friendly Saturday sessions, children were able to get stuck into a variety of fun, educational activities; and children from local schools as well as our own After School Club used the garden as an outdoor classroom. The garden hosted community celebrations, including an Easter party for 100 people, Holi and the Autumn Equinox. _“I love it here. It’s been a place of peace for me. I struggled after my mum died of Covid. But I come here and use my skills, outside in this delightful space and it helps me to carry on.”_ 

## Sports Project _‘got local people moving’_ 

Our playing field and multi-use games area were fully booked this year by local teams and clubs, following the disruption of past years due to lockdowns. We continued to offer an average of 16 hours of BDCA-organised sports each week, from Aerobics to Zumba– including our ever-popular Walking Football for over-40s and a fully-subscribed weeknight ‘Footy & Friends’ session for younger players. 338 people joined at least one of these over the year. We further expanded our programme for local women, including a lunchtime yoga session to which mums can bring their babies. Our youth members played 201 hours of sports while older neighbours enjoyed 160 hours of being active. _“Amar helps everyone who attends to succeed at Pilates… the sessions have really helped me to recover strength after pregnancy and after a back injury.”_ 

## Community Support Project _‘helped our neighbours through crisis’_ 

Our team of community support staff and volunteers worked tirelessly to help vulnerable local people recover. Our debt advice centre gave 438 hours of advice and information to 79 clients. On Wednesdays our weekly foodbank continued to give out emergency food parcels – enough to feed 1,792 people - as well as providing a healthy hot lunch for visitors, friendly faces and referrals to other services.  In September 2022 we launched a Community Food Club, open to anyone in E6, to tackle longer term food poverty. This runs on Thursdays; from 22 people on launch day, it was serving 64 a week within a month. 

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**Bonny Downs Community Association** Annual Report & Financial Statements 

## Trustees’ Annual Report (including Directors’ Report) 

In addition, our partnership with NEWway in the council-commissioned NEWday project continued to provide a daytime support centre for rough sleepers five days a week, and specialist housing advice _. “You helped me move on with my life,” says Andrew. “If I didn’t have your help, I would be having bailiffs at my door daily.”_ 

## Community Facilities 

By the end of this financial year sports and party bookings had finally returned to pre-pandemic levels. The Well Community Centre had 44,795 attendances by 7,615 individuals in the year and the Flanders Field facilities, including the pavilion and garden, had 32,712 attendances at 3,133 hours of activities in total. This included 2,337 registered individuals taking part in BDCA activities, 500 hours of football and nearly 400 hours of cricket provided by Newham Cricket Club. 

The energy price hike in the autumn of 2022 led us to open the CommuniTEA café in The Well over the winter with free tea, WiFi, games and welcoming volunteers. We were delighted to be chosen by Cadent as one of their ‘Centres for Warmth’. With their support, we added two evenings of ‘warmer nights’ each week for three months, with free yoga and a community choir. We also gave out 480 ‘hot meals for warm spaces’. 

_“We are very proud to be working in partnership with Bonny Downs Community Association for the Centres for Warmth project. Through their commitment, passion, and trusted presence in the local community - BDCA’s role in the partnership is invaluable. They are a pleasure to work with, inspiring, and we look forward to our future together as we aim to make a difference in Newham.” Lucy Nembaware, Project Coordinator, Morrison Energy Services working on behalf of Cadent Gas_ 

## Financial review (including reserves policy) 

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) issued by the Charity Commission for England and Wales in October 2019. 

The Statement of Financial Activities shows incoming resources of £1,235,216 (2022: £1,266,578) and resources expended of £1,326,087 (2022: £1,221,211).  Reserves carried forward amounted to £809,788 (2022: £900,659) of these funds, £94,905 (2022: £122,002) were restricted funds, leaving unrestricted reserves of £714,883 (2022: £778,657) of which £402,287 (2022: £414,635) has been designated (see note 20a), leaving free reserves of £312,596 (2022: £364,022). Funds available without having to dispose of fixed assets were £244,164 (2022: £284,786) after investing £52,560 in the operational assets during the year.  Where operational fixed assets were funded by restricted grants these have been included in income when spent and a transfer made from restricted funds to the designated fixed asset funds to cover the cost carried forward on the balance sheet to be depreciated over their useful life. 

The principal funding sources are grants £495,662 (2022: £634,890), earned income from service contracts and other income £250,021 (2022: £410,324), hire of facilities £100,834 (2022: £64,812), and user contributions and other income £301,819 (2022: £94,290). 

The trustees had been seeking to hold reserves equivalent to six months running costs but agreed during the year that a minimum reserves level of three months running costs should be maintained, to cover the orderly winding down of activities should future funding be withdrawn.  At current activity levels 

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## Trustees’ Annual Report (including Directors’ Report) 

this represents a range of about £331,000 to £662,000 and for unrestricted funds about £212,000 to £423,000, and current reserves cover this. 

The trustees are satisfied with the financial position of the charity. 

## Plans for future periods 

During the year we launched our new ‘Post-Pandemic Recover and Rebuild’ strategic plan. 

We agreed that the vision, mission and values statements in our previous strategic plan still felt like a perfect fit for us so they will continue to stand as: 

- Vision: A thriving community where everyone feels connected, valued and fulfilled. 

- Mission: Breaking down barriers, bringing people together and building people up. 

- Values: 1) Inclusion 2) Celebration 3) Empowerment 

But BDCA’s new ‘Post-Pandemic Recover and Rebuild’ strategic aims for the next five years will be: 

- Joy, Equity, Diversity, & Innovation 

Detailed plans on how we will achieve and measure these four new strategic goals are available to read at https://bonnydowns.org/our-documents/ 

## Structure, governance and management 

Bonny Downs Community Association (BDCA) was formed by local people in 1998 in order to develop The Well Community Centre in partnership with Newham Council.  Initially all team members were recruited from Bonny Downs Baptist church membership (and their families), however trustees are now drawn from a much wider spectrum of the community. 

The Charity is governed by its trustees who are also the company directors and meet regularly to manage its affairs on a voluntary basis.  The charity employed 83 staff in total over the year (31.7 FTE) The average number on the payroll over the year was 59. They were engaged in charitable activities, finance and day-to-day administration.  We also had 100+ volunteers serving alongside the paid staff team to help deliver activities, either as a placement from one of the projects or a member of the community giving a few hours a week. During this year BDCA is proud to have become a London Living Wage accredited employer. 

Throughout this financial year, BDCA embedded its new distributive leadership structure so that responsibility and decision-making power is shared across all levels. We want everyone to be empowered to lead, shine and grow. Instead of a singular CEO above senior managers, we have a team of five part-time Co- Directors (2.8 FTE in total) who oversee the crucial charity-wide areas of Finance, Facilities, Partnerships, Fundraising, Innovation, Strategy, Marketing and Personnel. These are not registered Company Directors (the Trustees are of BDCA are also its registered Directors); we chose this title for those who jointly fulfil the role of CEO. Sarah Laing was nominated by the trustees and her fellow Co-Directors as Managing Director, line managing the other Directors and updating our Trustees on charity-wide progress. 

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**Bonny Downs Community Association** Annual Report & Financial Statements 

## Trustees’ Annual Report (including Directors’ Report) 

## Risk management 

The trustees acknowledge there are business risks associated with the service provided by  Bonny Downs Community Association and have sought to manage those risks via insurance and working closely with Newham Council, which owns the freehold to The Well Community Centre and Flanders Field sports ground from which the charity operates.  The principal operating risk is continuity of grant funding to cover the costs of charitable activities. 

## Related parties 

In common with many small local community organisations BDCA works alongside other local community organisations to deliver several of our projects.  Some of these partner organisations have trustees or key management personnel in common with BDCA or connected via family members making them related parties. 

The Charity SORP (FRS102) updated in October 2019 includes a definition of Related parties as including a charity’s trustees and their close family members and those entities which they control or in which they have a significant interest. Entities related to a charity include any subsidiary, joint venture or associate of the charity. 

There is a full definition of related parties in the SORP Glossary which includes key management personnel alongside the trustees as having a significant influence over the charity; and close family members include: a child, parent, grandchild, grandparent, brother or sister and the spouse or civil partner (or unmarried domestic partner) of any of the above persons, or other persons who are the business partners of any of the above. 

BDCA has established systems to capture details of other directorships of trustees and key management personnel and their close family members via an annual return “Declarations of other interests” and inclusion of declaration of interests as a standard item on board and committee agendas to enable potential conflicts of interest to be identified and managed. 

The following entities have been identified as potential related parties and where transactions have taken place these are disclosed in Note 28 to the accounts. 

- Bonny Downs Baptist Church 

- NEWway Project 

- Transform Newham 

- Renewal Programme 

- Newham Cricket Club 

- Community Albums 

- One Newham 

## Funds held as Custodian Trustee on behalf of others 

BDCA does not hold funds as custodian trustee on behalf of others. 

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## Trustees’ Annual Report (including Directors’ Report) 

## Compliance with laws and regulations 

The trustees have established policies and procedures designed to ensure that it complies with all material laws and regulations in relation to the charitable company’s operations and activities.  The trustees are not aware of any significant non-compliance with laws and regulations. 

## Trustees’ responsibilities 

Company 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 the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities Statement of Recommended Practice (SORP (FRS 102)); 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- 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 proper accounting records that 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 Companies Act 2006. 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. 

## Independent auditors 

Calculus Assurance Services were reappointed as the charitable company’s auditors at the 2022 annual general meeting.  As a charitable company, the trustees have an obligation to achieve value for money and have decided to carry out a tendering exercise to fulfil their obligation. Therefore, a resolution to delegate the appointment of auditors under the Charities Act 2011 to the board of trustees following the tendering exercise will be proposed at the 2023 annual general meeting. 

## Disclosure of information to the auditors 

We, the directors of the company who held office at the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, that: 

- there is no relevant audit information of which the company’s auditors are unaware; and 

- we have taken all the steps that we ought to have taken as directors in order to make ourselves aware of any relevant audit information and to establish that the company’s auditors are aware of that information. 

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**Bonny Downs Community Association** Annual Report & Financial Statements 

Trustees’ Annual Report (including Directors’ Report) 

## Small Companies’ Exemptions 

The report of the directors has been prepared taking advantage of the small companies’ exemptions provided by section 415A of the Companies Act 2006. 

In approving the Trustees' Annual Report, we also approve the Directors’ Report included therein, in our capacity as company directors. 

On behalf of the board 

David Mann (Dec 4, 2023 15:49 GMT) 


Signature: 

Dave Mann Chair of Trustees 

28[th] November 2023 

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**Bonny Downs Community Association** Annual Report & Financial Statements 

## Independent Auditor’s Report to the Trustees for the year ended 31 March 2023 

## **Opinion** 

We have audited the financial statements of Bonny Downs Community Association (the “charitable company”) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies.  The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company’s affairs as at 31 March 2023, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

We have undertaken the audit in accordance with the requirements of the FRC Ethical Standards including FRC Ethical Standard – Provisions Available for Audits of Small Entities, in the circumstances set out in note 9 to the financial statements. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial 

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**Bonny Downs Community Association** Annual Report & Financial Statements 

## Independent Auditor’s Report to the Trustees for the year ended 31 March 2023 

## **Other information (continued)** 

statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Matters on which we are required to report by exception** 

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: 

- the information given in the trustees' report is inconsistent in any material respect with the financial statements; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor responsibilities for the audit of the financial statements** 

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made under section 154 of that Act. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

- Obtaining an understanding of the laws and regulations that have a direct effect on the charity in carrying out its operations or have an impact on the financial statements.  The key laws and regulations we identified included the Charities Act 2011, the Companies Act 2006 (and regulations made under these Acts), safeguarding (in respect of children and vulnerable adults), health and safety legislation and employment legislation.  This assessment has informed our sample testing of transactions and balances. 

- Understanding the system of internal control established by the trustees, via policies and procedures, to prevent and detect fraud. 

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Independent Auditor’s Report to the Trustees for the year ended 31 March 2023 

- Enquiring of management and those charged with governance if there have been any breaches or noncompliance with laws and regulations and their knowledge of any potential litigation or claims against the charity and any suspected or actual incidents of fraud and where applicable an estimate of the financial impact. 

- Reviewing the minutes of trustee meetings for evidence of non-compliance with laws and regulations and suspected or actual fraud. 

- Reviewing the financial statement disclosures and checking supporting documentation to assess compliance with applicable laws and regulations. 

- Carried out audit testing of journal entries and other adjustments and the rationale supporting significant judgemental areas in the financial statements and accounting estimates for evidence of management bias or override of controls. 

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-forthe-audit-of-the-fi/description-of-the-auditor%E2%80%99s-responsibilities-for. This description forms part of our auditor’s report. 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 

## **Use of our report** 

This report is made solely to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008.  Our audit work has been undertaken so that we might state to the charitable company’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. 


Calculus Assurance Services Chartered Accountants and Statutory Auditor 

5 Priory Road Loughton Essex IG10 1AF Date:        05/12/2023 

_Calculus Assurance Services is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006_ 

14 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

Statement of financial activities (including income and expenditure account) for the year ended 31 March 2023 

|Note<br>**Income and endowments from:**<br>Donations and legacies<br>2/3<br>Activities for generating funds<br>4<br>Investment income<br>5<br>**Total income and endowments**<br>**Expenditure on:**<br>Raising funds<br>6<br>Charitable activities<br>6<br>Other governance<br>8<br>**Total expenditure**<br>Net gains/(losses) on investments<br>**Net income/(expenditure)**<br>**Transfers between funds**<br>20<br>**Other recognised gains/(losses):**<br>Other gains/(losses)<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**|**2023**<br>2022<br>Unrestricted<br>funds<br>Restricted<br>funds<br>Endowm-<br>ent funds<br>Total<br>Total<br>£<br>£<br>£<br>£<br>£<br>140,812<br>441,448<br>-<br>582,260<br>697,110<br>652,674<br>-<br>-<br>652,674<br>569,426<br>282<br>-<br>-<br>282<br>42|
|---|---|
||**793,768**<br>**441,448**<br>**-**<br>**1,235,216**<br>**1,266,578**<br>28,399<br>222<br>-<br>28,621<br>24,169<br>860,075<br>429,632<br>-<br>1,289,707<br>1,190,551<br>7,759<br>-<br>-<br>7,759<br>6,491|
||**896,233**<br>**429,854**<br>**-**<br>**1,326,087**<br>**1,221,211**|
||**(102,465)**<br>**11,594**<br>**-**<br>**(90,871)**<br>**45,367**<br>38,691<br>(38,691)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|
||**(63,774)**<br>**(27,097)**<br>**-**<br>**(90,871)**<br>**45,367**<br>778,657<br>122,002<br>-<br>900,659<br>855,292|
||**714,883**<br>**94,905**<br>**-**<br>**809,788**<br>**900,659**|



All income and expenditure derive from continuing activities. 

The statement of financial activities includes all gains and losses recognised during the year. 

For charitable companies not preparing a separate summary income and expenditure account only. The notes on pages 19 to 41 form part of these financial statements. 

15 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

Summary income and expenditure account For the year ended 31 March 2023 

|Note<br>Income<br>Gains/(losses) on investments<br>Interest and investment income<br>5<br>**Gross income**<br>Expenditure<br>Interest payable<br>Depreciation and impairment charges<br>9/13<br>**Total expenditure**<br>6<br>**Net income/(expenditure)**|**2023**<br>2022<br>**£**<br>£<br>1,234,934<br>1,266,536<br>-<br>-<br>282<br>42|
|---|---|
||**1,235,216**<br>**1,266,578**<br>1,250,375<br>1,181,626<br>75,712<br>39,585|
||**1,326,087**<br>**1,221,211**|
||**(90,871)**<br>**45,367**|



The notes on pages 19 to 41 form part of these financial statements. 

16 



Year Ended 31 March 2023 

## **Bonny Downs Community Association** Annual Report & Financial Statements 

## Balance sheet 

## Company registration number: 03625785 

## As at 31 March 2023 

|Note<br>**Fixed assets**<br>Tangible assets<br>13<br>**Current assets**<br>Debtors<br>14<br>Cash at bank and in hand<br>Deposit accounts<br>**Creditors: amounts falling due within one year**<br>15<br>**Net current assets/(liabilities)**<br>**Total assets less current liabilities**<br>**Net assets/(liabilities)**<br>**Charity Funds**<br>Endowment funds<br>Restricted funds<br>20b<br>Unrestricted funds:<br><br>Designated funds<br>20a<br><br>General fund<br>20a<br>**Total charity funds/(deficit)**<br>20|**2023**<br>2022<br>**£**<br>£<br>470,719<br>493,871|
|---|---|
||**470,719**<br>**493,871**<br>115,066<br>61,812<br>370,257<br>342,954<br>151,953<br>181,670|
||**637,276**<br>**586,436**<br>(298,207)<br>(179,648)|
||**339,069**<br>**406,788**|
||**809,788**<br>**900,659**|
||**809,788**<br>**900,659**<br>-<br>-<br>94,905<br>122,002<br>402,287<br>414,635<br>312,596<br>364,022|
||**809,788**<br>**900,659**|



For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies but as this company is a charity, it is subject to audit under the Charities Act 2011. 

Directors’ responsibilities: 

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with FRS102 and Charities SORP (FRS 102). 

The financial statements were approved and authorised for issue by the Board on 28th November 2023 and signed on behalf of the Board of Trustees. 

## Brian Dexter 

Brian Dexter (Dec 5, 2023 13:10 GMT) 

Brian Dexter, Trustee 

> Date: 05/12/2023 

The notes on pages 19 to 41 form part of these financial statements. 

17 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Statement of cash flows 

## For the year ended 31 March 2023 

|Note<br>**Cash flow from operating activities**<br>26<br>Interest paid<br>**Net cash flow from operating activities**<br>**Cash flow from investing activities**<br>Payments to acquire intangible fixed assets<br>Receipts from sales of intangible fixed assets<br>Payments to acquire tangible fixed assets<br>13<br>Receipts from sales of tangible fixed assets<br>Payments to acquire investments<br>Receipts from sales of investments<br>Interest received<br>5<br>Dividends received<br>Rents received from investment properties<br>**Net cash flow from investing activities**<br>**Cash flow from financing activities**<br>Receipts from issue of new long term loans<br>Repayment of long term loans<br>Repayment of finance lease liabilities<br>Interest paid<br>Receipt of permanent/expendable endowment<br>**Net cash flow from financing activities**<br>**Net increase/(decrease) in cash and cash equivalents**<br>**Cash and cash equivalents at 1 April 2022**<br>**Cash and cash equivalents at 31 March 2023**<br>**Cash and cash equivalents consists of:**<br>Cash at bank and in hand<br>Short term deposits<br>**Cash and cash equivalents at end date 31 March 2023**|**2023**<br>2022<br>**£**<br>£<br>49,864<br>140,209|
|---|---|
||**49,864**<br>**140,209**<br>-<br>-<br>-<br>-<br>(52,560)<br>(335,346)<br>-<br>-<br>-<br>-<br>-<br>-<br>282<br>42<br>-<br>-<br>-<br>-|
||**(52,278)**<br>**(335,304)**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|
||-<br>-<br>(2,414)<br>(195,095)<br>524,624<br>719,719|
||**522,210**<br>**524,624**|
||370,257<br>342,954<br>151,953<br>181,670|
||522,210<br>524,624|



The notes on pages 19 to 41 form part of these financial statements. 

18 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 1. Summary of significant accounting policies 

## a. General information and basis of preparation 

Bonny Downs Community Association is a private company limited by guarantee in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.  The nature of the charity’s operations and principal activities are to relieve need, hardship and distress of the elderly or sick in the London Borough of Newham, or elsewhere, to advance education and to provide and promote the provision of sports and sporting facilities for all age groups in the London Borough of Newham and elsewhere. 

The charity constitutes a public benefit entity as defined by the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). The financial statements have been prepared in accordance with “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)” (SORP (FRS102)) issued in October 2019, FRS 102, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice [as it applies from 1 January 2019]. 

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.  The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £1.  The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated. 

## b. Funds 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes including investment in fixed assets. The aim and use of each designated fund is set out in the notes to the financial statements. 

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 purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.  For clarity of reporting, only restricted fund income of £10,000 or more is shown individually in the notes to the accounts, amounts below this are aggregated and reported at project or activity level.  Restricted funds used for purchase of fixed assets carried on the balance sheet are transferred to designated funds to offset future depreciation charges. 

## c. Income recognition 

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. 

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. 

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably, and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. 

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report. 

19 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 1. Summary of significant accounting policies (continued) 

## c. Income recognition (continued) 

Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure. 

Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and ‘Income from other trading activities. Upon sale, the value of the stock is charged against ‘Income from other trading activities’ and the proceeds are recognised as ‘Income from other trading activities. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold.  This income is recognised within ‘Income from other trading activities. 

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset. 

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised.  On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. 

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. 

The charity receives government grants from the London Borough of Newham. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. 

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established. 

## d. Expenditure recognition 

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings: 

- Costs of raising funds are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. 

- Expenditure on charitable activities includes the costs of arranging and running charitable activities and managing and maintaining the properties that are available for hire by the community or let to tenants. 

- Other expenditure represents those items not falling into the categories above. 

Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. 

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Expenditure representing assets costing over £1,000 that will be in use for more than one year is accounted for as described in (f) Tangible fixed assets below. 

20 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 1. Summary of significant accounting policies (continued) 

## e. Support costs allocation 

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out centrally. Where support costs cannot be directly attributed to particular headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.  Premises costs and other overheads have been allocated on the basis of the head count/direct salary costs. 

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. 

The analysis of these costs is included in note 7. 

## f. Tangible fixed assets 

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.  Cost includes costs directly attributable to making the asset capable of operating as intended. 

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: 

- Building improvements - Over 4-35 years 

- Plant and machinery - Over 3-4 years 

- Fixtures and fittings - Over 3-5 years 

- Sports equipment - Over 4 years 

## g. Debtors and creditors receivable/payable within one year 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 

## h. Cash and cash equivalents 

Cash represents cash in hand plus bank balances immediately available to the charity.  Cash equivalents are bank balances held on short term deposit available to the charity at up to 3 months’ notice. 

## i. Impairment 

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date.  If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount.  Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. 

## j. Provisions 

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. 

## k. Leases 

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset.  Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method.  The related obligations, net of future finance charges, are included in creditors.  Rentals payable and receivable under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease. 

21 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 1. Summary of significant accounting policies (continued) 

## l. Employee benefits 

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.  Redundancy and termination payments are expensed as they become payable unless they arise from a business re-organisation when they are included as a provision when the decision is taken. The charity operates a defined contribution plan for the benefit of its employees.  Contributions are expensed as they become payable. 

## m. Tax 

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. 

## n. Going concern 

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 

## o. Financial Instruments 

Financial instruments such as loans, accounts payables, accounts receivables and cash are classified either as basic or complex.  All financial instruments are initially measured at their fair values at the time the transactions occur.  Subsequently all basic instruments are measured at amortised cost and all complex 

financial instruments are measured at a fair value through the comprehensive income statement.  Financial instruments held by the charity are classified as follows: 

- Financial assets such as cash and receivables are classified as loans and receivables and held at amortised cost using the effective interest method 

- Financial liabilities such as bonds and loans are held at amortised cost using the effective interest method 

## p. Judgements and key sources of estimation uncertainty 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the Statement of Financial Position (balance sheet) date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.  The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements: 

Other key sources of estimation and assumptions: 

- Tangible fixed assets.  Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate.  The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors.  In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.  The carrying value of fixed assets and accumulated depreciation are set out in Note 13. 

- Allocation of administration costs.  A proportion of expenditure is either not directly attributable to specific projects or relates to the central administration of the charity.  In determining how to allocate these costs the trustees have considered the level of activities in each project, use of facilities and administrative support. 

22 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 2. Income from donations & legacies 

|Gifts and Legacies<br>Government and<br>non-government<br>grants (note 3)<br>Donated services<br>Donated goods for<br>distribution to<br>beneficiaries<br>Other|Unrestricted<br>funds<br>Restricted<br>funds<br>**Total funds**<br>**2023**<br>Unrestricted<br>funds<br>Restricted<br>funds<br>Total funds<br>2022<br>£<br>£<br>**£**<br>£<br>£<br>£<br>48,613<br>37,985<br>**86,598**<br>26,480<br>35,740<br>62,220<br>92,199<br>403,463<br>**495,662**<br>13,091<br>621,799<br>634,890<br>-<br>-<br>**-**<br>-<br>-<br>-<br>-<br>-<br>**-**<br>-<br>-<br>-<br>-<br>-<br>**-**<br>-<br>-<br>-|
|---|---|
||140,812<br>441,448<br>**582,260**<br>39,571<br>657,539<br>697,110|



Income from grants, donations and legacies was £582,260 (2022: £697,110) of which £nil (2022: £nil) was attributable to endowments, £441,448 (2022: £657,539) was attributable to restricted and £140,812 (2022: £39,571) was attributable to unrestricted funds. 

Trustee donations during the year were £469 towards core costs and Christmas toy appeal (2022: £500 – Poverty Response). 

23 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 3. Grants 


**----- Start of picture text -----**<br>
Total  Total<br>Funds Funds<br>Un-resticted  Restricted  2023  Un-resticted  Restricted  2022<br>£  £  £  £  £  £<br>London Borough of Newham<br>2,500  38,033  40,533  11,667  45,163  56,830<br>(other) *<br>Coronavirus Job Retention Scheme<br>-  1,424  -  1,424<br>grants *<br>National Lottery Trust Reaching<br>-  15,366  15,366  -  -  -<br>communities Garden/sports/elders<br>City Bridge Trust (Elders) /<br>3,377  36,088  39,465  -  54,550  54,550<br>(Stepping Stones)<br>Sport England  -  8,063  8,063  -  31,864  31,864<br>East End Community Foundation<br>(Covid relief / summer scheme/  2,830  44,333  47,163  -  18,990  18,990<br>youth)<br>Power to Change (central<br>-  -  -  -  299,937  299,937<br>admin/nursery extension)<br>Henry Smith (children/families)  -  -  -  -  58,700  58,700<br>Lloyds TSB Grants   -  -  --  -  25,000  25,000<br>Trussell Trust  -  21,052  21,052  -  16,512  16,512<br>Mercers Company  -  36,691  36,691  -  9,150  9,150<br>BBC Children in Need<br>500  40,371  40,871  -  60,252  60,252<br>(children/families)<br>Cadent Gas Ltd.  -  43,425  43,425  -  -  -<br>Albert Hunt Trust   -  7,000  7,000  -  -  -<br>Awards for All  -  9,995  9,995  -  -  -<br>Drapers  -  14,367  14,367  -  -  -<br>UK Power Partners  -  10,316  10,316  -  -  -<br>GVC  -  7,885  7,885  -  -  -<br>Bill Hill  -  10,593  10,593  -  -  -<br>Capital improvements (Bernard<br>-  25,094  25,094  -  -  -<br>Sunley, Hobson Charity)<br>Big Issue Invest (social enterprise<br>33,242  -  33,242  -  -  -<br>support for Nursery)<br>Garfield Weston  45,818  -  45,818  -  -  -<br>-<br>Other –grants  3,932  34,789  38,721  -  1,681  1,681<br>Other – donations  48,613  37,987  86,600  26,480  35,740  62,220<br>140,812  441,448  582,260  39,571  657,539  697,110<br>**----- End of picture text -----**<br>


£40,533 (2022: £58,254) of government grants were received including CVJRS and Covid relief grants (unrestricted). 

£40,533 (2022: £56,830) of government grants were received from London Borough of Newham for different projects and Covid relief (unrestricted). 

24 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 4. Income from charitable activities (including Local Authority Service Contracts) 

|Administration – Management fees receivable<br>Youth commissioning contract<br>Homeless daycentre<br>Sports ground maintenance<br>The Well Community Centre room hire charges<br>Sports pitch hire<br>Nursery fees<br>Children and families activities<br>Elders activities<br>Sports facilities and sports development activity fees<br>Poverty Response<br>Sundry income<br>All unrestricted|**2023**<br>2022<br>**£**<br>£<br>2,589<br>2,820<br>152,268<br>209,545<br>71,164<br>173,959<br>24,000<br>24,000<br>64,474<br>36,879<br>36,360<br>27,933<br>204,471<br>14,123<br>79,901<br>70,413<br>16,141<br>2,444<br>200<br>6,950<br>-<br>-<br>1,106<br>360|
|---|---|
||**652,674**<br>569,426|



Income from charitable activities was £652,674 (2022: £569,426) of which £nil (2022: £nil) was attributable to endowments, £nil (2022: £nil) was attributable to restricted funds and £652,674 (2022: £569,426) was attributable to unrestricted funds. 

## 5. Income from investments 

|Interest - fixed interest securities<br>Interest – deposits<br>Other<br>All unrestricted|**2023**<br>2022<br>**£**<br>£<br>-<br>-<br>282<br>42<br>-<br>-|
|---|---|
||**282**<br>42|



Income from investment was £282 (2022: £42) of which £nil (2022: £nil) was attributable to endowments, £nil (2022: £nil) was attributable to restricted and £282 (2022: £42) was attributable to unrestricted funds. 

25 



Year Ended 31 March 2023 

Annual Report & Financial Statements 

## Notes to the financial statements 

## 6. Analysis of expenditure on charitable activities 

|Fund raising costs<br>Central administration<br>The Well Community Centre<br>After school club<br>Children and families<br>Youth<br>Elders<br>Food / garden project<br>Sports development & facilities<br>Community support<br>Volunteer project<br>Minibus<br>Nursery<br>Capitalisation of funded assets<br>Governance<br>Fund raising costs<br>Charitable activities<br>Governance|Staff costs<br>Fund<br>raising<br>costs<br>Other<br>direct<br>costs<br>Other<br>allocated<br>costs<br>**Total 2023**<br>Staff costs<br>Fund<br>raising<br>costs<br>Other<br>direct<br>costs<br>Other<br>allocated<br>costs<br>Total 2022<br>£<br>£<br>£<br>£<br>**£**<br>£<br>£<br>£<br>£<br>£<br>27,027<br>-<br>-<br>-<br>**27,027**<br>22,262<br>-<br>-<br>-<br>22,262<br>151,303<br>1,290<br>34,425<br>(119,971)<br>**67,047**<br>142,376<br>1,019<br>10,287<br>(55,064)<br>98,618<br>58,066<br>0<br>(29,523)<br>27,388<br>**55,931**<br>41,613<br>240<br>(8,742)<br>15,255<br>48,366<br>73,834<br>0<br>11,918<br>22,360<br>**108,112**<br>82,701<br>-<br>(1,255)<br>10,054<br>91,500<br>73,935<br>47<br>59,023<br>19,418<br>**152,423**<br>81,049<br>-<br>67,547<br>15,691<br>164,287<br>96,113<br>0<br>33,862<br>22,197<br>**152,172**<br>95,987<br>22<br>103,181<br>28,026<br>227,216<br>62,263<br>3<br>35,886<br>13,712<br>**111,864**<br>55,998<br>86<br>17,152<br>6,841<br>80,077<br>8,028<br>0<br>4,056<br>4,245<br>**16,329**<br>12,939<br>-<br>8,015<br>2,519<br>23,473<br>69,241<br>0<br>(4,826)<br>31,537<br>**95,952**<br>73,065<br>-<br>(896)<br>32,613<br>104,782<br>79,281<br>254<br>89,753<br>21,009<br>**190,297**<br>102,483<br>540<br>141,504<br>13,991<br>258,518<br>-<br>-<br>-<br>-<br>**-**<br>5,750<br>-<br>8,805<br>1,132<br>15,687<br>0<br>0<br>10,743<br>168<br>**10,911**<br>6,350<br>-<br>12,106<br>168<br>18,624<br>235,290<br>0<br>69,738<br>25,235<br>**330,263**<br>64,435<br>-<br>319,960<br>2,646<br>387,041<br>-<br>-<br>-<br>-<br>**-**<br>-<br>-<br>(317,192)<br>(8,539)<br>(325,731)<br>-<br>-<br>7,759<br>-<br>**7,759**<br>-<br>-<br>6,491<br>-<br>6,491|
|---|---|
||**934,381**<br>**1,594**<br>**322,814**<br>**67,298**<br>**1,326,087**<br>**787,008**<br>**1,907**<br>**366,963**<br>**65,333**<br>**1,221,211**|
||£<br>£<br>£<br>£<br>**£**<br>£<br>£<br>£<br>£<br>**£**<br>27,027<br>1,594<br>-<br>-<br>**28,621**<br>22,262<br>1,907<br>-<br>-<br>24,169<br>907,354<br>-<br>315,055<br>67,298<br>**1,289,707**<br>764,746<br>-<br>360,472<br>65,333<br>1,190,551<br>-<br>-<br>7,759<br>-<br>**7,759**<br>-<br>-<br>6,491<br>-<br>6,491|
||**934,381**<br>**1,594**<br>**322,814**<br>**67,298**<br>**1,326,087**<br>**787,008**<br>**1,907**<br>**366,963**<br>**65,333**<br>**1,221,211**|



£429,851 (2022: £510,707) of the above costs were attributable to restricted funds. £896,235 (2022: £710,504) of the above costs were attributable to unrestricted funds. 

26 



Annual Report & Financial Statements 

## Year Ended 31 March 2023 **Bonny Downs Community Association** 

## Notes to the financial statements 

## 7. Allocation of support costs and shared costs 

|Support cost analysis (Note 7a)|Support<br>costs|Shared<br>costs|**Total**<br>**2023**|Support<br>costs|Shared<br>costs|Total 2022|
|---|---|---|---|---|---|---|
||£|£|**£**|£|£|£|
|Fund raising costs|-|-|**-**|-|-|-|
|Central administration|38,002|(157,973)|**(119,971)**|46,924|(101,988)|(55,064)|
|The Well Community Centre|10,498|16,890|**27,388**|5,467|9,788|15,255|
|After school club|658|21,702|**22,360**|776|9,278|10,054|
|Children and families|1,011|18,407|**19,418**|2,874|12,817|15,691|
|Youth|490|21,707|**22,197**|1,930|26,096|28,026|
|Elders|359|13,353|**13,712**|471|6,370|6,841|
|Food / garden project|115|4,130|**4,245**|112|2,407|2,519|
|Sports development/facilities|12,314|19,223|**31,537**|11,437|21,176|32,613|
|Community support|958|20,051|**21,009**|1,679|12,312|13,991|
|Volunteer project|-|-|**-**|-|1,132|1,132|
|Minibus|168|-|**168**|168|-|168|
|Nursery|2,725|22,510|**25,235**|2,034|612|2,646|
|Capitalisation of funded assets|-|-|**-**|(8,539)|-|(8,539)|
|**Total**|**67,298**|**-**|**67,298**|**65,333**|**-**|**65,333**|



## 7a. Analysis of Support Costs 

|Support costs<br>Fund raising costs<br>Central administration<br>The Well Community Centre<br>After school club<br>Children and families<br>Youth<br>Elders<br>Food / garden project<br>Sports development/facilities<br>Community support<br>Minibus<br>Nursery<br>Capitalisation of funded assets<br>**Total**|Legal and<br>professional<br>expenses<br>Office<br>running<br>expenses<br>**Total**<br>**2023**<br>Legal and<br>professional<br>expenses<br>Office<br>running<br>expenses<br>Total<br>2022<br>£<br>£<br>**£**<br>£<br>£<br>£<br>-<br>-<br>**-**<br>-<br>-<br>-<br>22,326<br>15,676<br>**38,002**<br>30,470<br>16,454<br>46,924<br>1,818<br>8,680<br>**10,498**<br>695<br>4,772<br>5,467<br>572<br>86<br>**658**<br>376<br>400<br>776<br>836<br>175<br>**1,011**<br>1,202<br>1,672<br>2,874<br>50<br>440<br>**490**<br>572<br>1,358<br>1,930<br>100<br>259<br>**359**<br>156<br>315<br>471<br>50<br>65<br>**115**<br>-<br>112<br>112<br>1,889<br>10,425<br>**12,314**<br>1,523<br>9,914<br>11,437<br>3<br>955<br>**958**<br>-<br>1,679<br>1,679<br>168<br>-<br>**168**<br>168<br>-<br>168<br>2117<br>608<br>**2,725**<br>499<br>1,535<br>2,034<br>-<br>-<br>**-**<br>-<br>(8,539)<br>(8,539)|
|---|---|
||**29,929**<br>**37,369**<br>**67,298**<br>**35,661**<br>**29,672**<br>**65,333**|



27 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 8. Governance costs 

|. Governance costs||||
|---|---|---|---|
||**2023**||2022|
|||**£**|£|
|Trustee remuneration and expenses||-|-|
|Independent auditors’ remuneration (including expenses<br>and benefits in kind)|6,501||6,600|
|Other: adjustment to prior year audit fee accrual2022||658|-|
|adjustment to prior year audit fee accrual2021||600||
||7,759||6,600|
|. Net income/(expenditure) for the year||||
||**2023**||2022|
||**£**||£|
|**Net income/(expenditure) is stated after**||||
|**charging/(crediting):**||||
|Depreciation of tangible fixed assets|75,712||51,777|
|Impairment of tangible fixed assets|-||(13,067)|
|(Gain)/loss on sale of tangible fixed assets|-||875|
|Independent auditors’ fees (excluding VAT):||||
|- Audit services|6,501||5,350|
|- Other services 2021 and 2022|1,200||1,250|
|Operating lease rentals|2,687||1,680|



## 9. Net income/(expenditure) for the year 

In common with many entities of similar size and organisation we use our auditors to assist with preparation of the annual financial statements and provide ad hoc advice. 

## 10. Independent auditor’s remuneration 

The independent auditor’s remuneration (excluding VAT) amounts to an independent audit fee of £6,501 (2022: £5,350) and other services are preparation of the statutory accounts of £600 (2022: £1,250). 

## 11. Trustees' and key management personnel remuneration and expenses 

The trustees neither received nor waived any remuneration during the year (2022: £nil). 

The total amount of employee benefits (excluding pension) received by key management personnel is £Nil (2022: £Nil).  The Charity considers its key management personnel comprise: 

- (a) The trustees listed on page 1. 

- (b) The  senior leadership team (SLT) listed on page 1, to whom the trustees delegate day to day management of the charity. 

|Remuneration of key management personnel:<br>Wages and salaries<br>Defined contribution pension costs<br>Other benefits|**2023**<br>2022<br>**£**<br>£<br>120,132<br>105,049<br>4,217<br>3,791<br>-<br>-|
|---|---|
||**124,349**<br>**108,840**|



28 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 11. Trustees' and key management personnel remuneration and expenses (continued) 

No trustees are accruing pension arrangements (2022: £nil). 

The trustees did not have any expenses reimbursed during the year (2022: £135 (minibus fuel)). Included in above are £nil (2022: £nil) which have been paid directly to third parties. 

## 12. Staff costs and employee benefits 

The average monthly number of employees and full time equivalent (FTE) during the year was as follows: 

|Raising funds<br>Charitable activities<br>Governance|**2023**<br>**2023**<br>2022<br>2022<br>**Number**<br>**FTE**<br>Number<br>FTE<br>-<br>0.79<br>-<br>0.77<br>58.83<br>30.89<br>52.25<br>24.66<br>-<br>0.02<br>-<br>0.02|
|---|---|
||**58.83**<br>**31.7**<br>**52.25**<br>**25.45**|



The total staff costs and employees benefits was as follows: 

|Wages and salaries<br>Social security<br>Defined contribution pension costs<br>Redundancy costs<br>Volunteer costs<br>Training costs<br>Recruitment, staff welfare and travel<br>Consultants|**2023**<br>2022<br>**£**<br>£<br>868,245<br>710,084<br>59,956<br>45,095<br>19,190<br>16,799<br>1,364<br>4,247<br>3,068<br>1,435<br>6,297<br>7,086<br>1,684<br>2,262<br>-<br>-|
|---|---|
||**959,804**<br>**787,008**|



Total redundancy/termination payments amount to £1,364 (2022: £4,247) 

No employees received total employee benefits (excluding employer pension costs) of more than £60,000. 

Note: social security costs include employer national insurance contributions. 

29 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 13. Tangible fixed assets 

||Building<br>development|Nursery<br>extension|Nursery<br>equipment|Minibus|Sports<br>facilities|Office<br>equipment|Plant and<br>machinery|**Total**|
|---|---|---|---|---|---|---|---|---|
||£|£|£|£|£|£|£|**£**|
|Cost or valuation:|||||||||
|At 1 April 2022|99,557|366,436|25,479|39,544|22,279|87,149|11,757|652,201|
|Transfers|-|-|-|-|-|-|-|-|
|Additions|15,490|-|2,676||17,804|14,255|2,335|52,560|
|Disposals|-|-|-|-|-|-|-|-|
|Revaluation|-|-|-|-|-|-|-||
|**At 31 March 2023**|**115,047**|**366,436**|**28,155**|**39,544**|**40,083**|**101,404**|**14,092**|**704,761**|
|Depreciation:|||||||||
|At 1 April 2022|53,537|2,615|1,226|23,891|5,056|61,405|10,600|158,330|
|Transfers|-|-|-|-|-|-|-|-|
|Charge for the year|27,373|10,469|6,869|9,886|8,234|11,386|1,495|75,712|
|Impairment|-|-|-|-|-|-|-|-|
|Revaluation|-|-|-|-|-|-|-|-|
|Eliminated - disposals|-|-|-|-|-|-|-|-|
|**At 31 March 2023**|**80,910**|**13,084**|**8,095**|**33,777**|**13,290**|**72,791**|**12,095**|**234,042**|
|Net book value:|||||||||
|**At 31 March 2023**|**34,137**|**353,352**|**20,060**|**5,767**|**26,793**|**28,613**|**1,997**|**470,719**|
|At 31 March 2022|46,020|363,821|24,253|15,653|17,223|25,744|1,157|493,871|
|14.<br>Debtors|||||||||
|||||**2023**||2022|||
|||||**£**||£|||
|Trade debtors|||74,689|||28,578|||
|Other debtors||||-||5|||
|Prepayments and accrued income|||40,377|||33,229|||
||||**115,066**|||**61,812**|||



15. Creditors: amounts falling due within one year 

|Trade creditors<br>Other tax and social security<br>Other creditors<br>Pension contributions<br>Accruals<br>Deferred income (note 17)<br>Bank overdraft|**2023**<br>2022<br>**£**<br>£<br>18,519<br>10,443<br>15,286<br>15,640<br>250<br>250<br>-<br>-<br>33,508<br>46,264<br>227,594<br>102,656<br>3,050<br>4,395|
|---|---|
||**298,207**<br>**179,648**|



Details of leasing arrangements are provided in note 16. 

30 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 16. Leases 

## Operating leases – lessee 

Total future minimum lease payments under non-cancellable operating leases are as follows: 

|Not later than one year<br>Later than one and not later than five years<br>Later than five years<br>**All plant and machinery**|**2023**<br>2022<br>**£**<br>£<br>3,097<br>2,369<br>5,402<br>5,857<br>-<br>-|
|---|---|
||**8,499**<br>**8,226**|



The charity completed a new 35-year lease on The Well Community Centre on 11 March 2021 with initial peppercorn rent for the first 5 years, after this period there is a rent review and a break clause, hence the total commitments until the first rent review are £5. 

## 17. Deferred income 

|At 1 April 2022<br>Additions during the year<br>(income received in advance)<br>Amounts released to income<br>**At 31 March 2023**|Under 1<br>Over 1<br>**Total**<br>Under 1<br>Over 1<br>**Total**<br>Year<br>year<br>**2023**<br>Year<br>Year<br>**2022**<br>£<br>£<br>**£**<br>£<br>£<br>£<br>102,656<br>-<br>**102,656**<br>8,587<br>-<br>8,587<br>227,594<br>-<br>**227,594**<br>102,656<br>-<br>102,656<br>(102,656)<br>-<br>**(102,656)**<br>(8,587)<br>-<br>(8,587)|
|---|---|
||**227,594**<br>**-**<br>**227,594**<br>**102,656**<br>**-**<br>**102,656**|



## 18. Accrued funding commitments 

|At 1 April 2022<br>Additions during the year<br>charged to income<br>Amounts paid during the year<br>**At 31 March 2023**|Under 1<br>Over 1<br>**Total**<br>**2023**<br>Under 1<br>Over 1<br>**Total**<br>**2022**<br>Year<br>Year<br>Year<br>year<br>£<br>£<br>**£**<br>£<br>£<br>£<br>-<br>-<br>**-**<br>-<br>-<br>-<br>-<br>-<br>**-**<br>-<br>-<br>-<br>-<br>-<br>**-**<br>-<br>-<br>-|
|---|---|
||**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|



## 19. Provisions for liabilities 

|At 1 April 2022<br>Additions during the year<br>Amounts charged against the<br>provision<br>Unused amounts reversed<br>**At 31 March 2023**|**Total**<br>£<br>£<br>**£**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>-<br>-<br>**-**<br>**-**<br>**-**<br>**-**|
|---|---|



31 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 20. Fund reconciliation 

## a. Total funds 

|a. Total funds||
|---|---|
|Current period<br>Unrestricted:<br>General fund<br>Designated:<br>Fixed assets (Minibus)<br>Fixed assets (Building)<br>Fixed assets (Nursery)<br>Fixed assests (Office<br>Equipment)<br>Fixed assests (Sports<br>Equipment)<br>Restricted (note 20b)|Balance at<br>1 April<br>2022<br>Income<br>Expenditure<br>Transfers<br>Gains /<br>(losses)<br>**Balance at**<br>**31 March**<br>**2023**<br>£<br>£<br>£<br>£<br>£<br>**£**<br>364,022<br>793,768<br>845,194<br>-<br>-<br>**312,596**<br>**-**<br>8,047<br>-<br>7,350<br>-<br>-<br>**697**<br>37,553<br>-<br>19,648<br>7,032<br>-<br>**24,937**<br>352,237<br>-<br>17,167<br>11,133<br>-<br>**346,203**<br>2,642<br>-<br>1,234<br>11,016<br>-<br>**12,424**<br>14,156<br>-<br>5,640<br>9,510<br>-<br>**18,026**|
||778,657<br>793,768<br>896,233<br>38,691<br>-<br>**714,883**|
||122,002<br>441,448<br>429,854<br>(38,691)<br>-<br>**94,905**|
||900,659<br>1,235,216<br>1,326,087<br>-<br>-<br>**809,788**|



Note: transfers between restricted funds to fixed asset designated funds represent restricted grants spent on fixed assets which will be depreciated over their useful life. 

|Prior period<br>Unrestricted:<br>General fund<br>Designated:<br>Fixed assets (Minibus)<br>Fixed assets (Building)<br>Fixed assets (Nursery)<br>Fixed assets (Office<br>Equipment)<br>Fixed assets (Sports<br>Equipment)<br>Operating costs (Youth)<br>Operating costs (Daycentre)<br>Restricted (note 20b)|Balance at<br>1 April<br>2021<br>Income<br>Expenditure<br>Transfers<br>Gains /<br>(losses)<br>Balance at<br>31 March<br>2022<br>£<br>£<br>£<br>£<br>£<br>£<br>404,084<br>609,039<br>669,862<br>20,761<br>-<br>364,022<br>0<br>15,397<br>-<br>7,350<br>-<br>-<br>8,047<br>56,303<br>-<br>18,750<br>-<br>-<br>37,553<br>48,396<br>-<br>3,609<br>307,450<br>-<br>352,237<br>-<br>-<br>572<br>3,214<br>-<br>2,642<br>-<br>-<br>911<br>15,067<br>-<br>14,156<br>13,625<br>-<br>3,168<br>(10,457)<br>-<br>-<br>17,573<br>-<br>6,282<br>(11,291)<br>-<br>-|
|---|---|
||555,378<br>609,039<br>710,504<br>324,744<br>-<br>778,657|
||299,914<br>657,539<br>510,707<br>(324,744)<br>-<br>122,002|
||855,292<br>1,266,578<br>1,221,211<br>-<br>-<br>900,659|



32 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 20. Fund reconciliation (continued) 

## b. Restricted funds 

Due to the number of restricted grants received, only those where receipts or payments in the year exceed £8,000 or balances carried forward exceed £2,000 are shown individually.  Other restricted grant funds are pooled by activity. 


**----- Start of picture text -----**<br>
Balance at<br>Balance at 1  Gains /<br>Current period  April 2022  Income  Expenditure  Transfers  (losses)  31 March<br>2023<br>£  £  £  £  £  £<br>Restricted funds-admin*  7,527  1,000  1,943  (3,636)  -  2,948<br>Nursery grants (including<br>-  4,300  2,916  -  -  1,384<br>Garfield Weston)<br>Holiday club grants (C&F)  -  20,621  19,121  -  -  1,500<br>Restricted funds (C&F)-other*  13,406  11,810  19,498  -  -  5,718<br>BBC Children In Need  21,095  40,371  59,182  -  -  2,284<br>EECF Life Chances  -  30,000  28,485  -  -  1,515<br>Drapers company  -  14,367  6,432  -  -  7,935<br>City Bridge Trust – Elders  4,883  36,088  40,496  -  -  475<br>Restricted funds – Elders<br>20,082  8,348  18,306  -  -  10,124<br>other*<br>Restricted funds – sports*  913  30,507  21,598  -  -  9,822<br>Sport England – Cricket nets  9,510  -  -  (9,510)  -  -<br>Restricted funds – The Well   -  25,104  381  (24,378)  -  345<br>Restricted funds – Youth  3,433  10,015  8,669  -  -  4,779<br>Mercers Company  -  36,691  36,417  -  -  274<br>Restricted funds – Food Project  6,269  13,050  13,903  -  -  5,416<br>Restricted funds – Poverty<br>32,423  71,517  72,840  (1,167)  -  29,933<br>response*<br>Trussle Trust Financial Inclusion<br>2,450  18,552  17,378  -  -  3,624<br>Grants<br>UK Power Partners  11  10,316  10,327  -  -  -<br>National Lottery Reaching<br>-  15,366  9,502  -  -  5,864<br>Communities<br>Cadent Gas Ltd.  -  43,425  42,460  -  -  965<br>122,002  441,448  429,854  (38,691)  -  94,905<br>**----- End of picture text -----**<br>


* combined on carry forward 

33 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 20. Fund reconciliation (continued) 

## b. Restricted funds (continued) 


**----- Start of picture text -----**<br>
Balance at  Balance at<br>Gains /<br>Prior period  1 April  Income  Expenditure  Transfers  (losses)  31 March<br>2021 2022<br>£  £  £  £  £  £<br>Restricted funds-admin  20,033  30,324  39,426  (4,336)  -  6,595<br>Nursery grants (including<br>38,604  299,937  40,251  (298,290)  -  -<br>Garfield Weston)<br>Newham HAF (C&F)  -  22,249  22,249  -  -  -<br>Tudor Trust  1,460  -  1,460  -  -  -<br>Restricted funds (C&F)-other  6,098  3,835  8,387  (24)  -  1,522<br>Henry Smith  9,777  58,700  57,177  -  -  11,300<br>BBC Children In Need  32,715  40,066  50,174  (1,512)  -  21,095<br>Big Lottery: Building a stronger<br>1,298  -  714  -  -  584<br>Britain<br>Summer scheme (EECF /<br>1,680  18,990  20,674  4  -  -<br>Societe Generale)<br>Merchant Taylors Company /<br>6,331  -  6,331  -  -  -<br>All churches<br>City Bridge Trust – Elders  7,703  32,250  42,590  7,520  -  4,883<br>Restricted funds – Elders other  36,233  20,385  29,016  (7,520)  -  20,082<br>Nationwide Foundation –<br>4,128  -  3,159  -  -  969<br>Poverty<br>Covid relief – Poverty  18,681  1,710  12,825  (305)  -  7,261<br>Restricted funds – sports  11,550  13,261  15,298  (8,723)  -  790<br>Sports England Community<br>8,570  25,427  30,329  (3,545)  -  123<br>sports active<br>Sport England – Cricket nets  10,000  -  490  -  -  9,510<br>Restricted funds – Youth  5,598  945  3,110  -  -  3,433<br>Youth commissioning  17,894  -  17,894  -  -  -<br>Mercers Company  8,080  -  8,080  -  -  -<br>Restricted funds – Food Project  6,178  15,180  15,089  -  -  6,269<br>Restricted funds – Poverty<br>22,012  49,280  47,832  (722)  -  22,738<br>response<br>Lloyds TSB grant – Poverty<br>2,730  25,000  23,814  -  -  3,916<br>response<br>Big Lottery - Building<br>15,226  -  7,970  (6,821)  435<br>Connections (volunteer project)<br>Restricted funds – volunteer<br>647  -  -  (150)  -  497<br>project<br>Covid relief – Volunteer project  700  -  380  (320)  -  -<br>Minbus  5,988  -  5,988  -  -  -<br>299,914  657,539  510,707  (324,744)  -  122,002<br>**----- End of picture text -----**<br>


34 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 20. Fund reconciliation (continued) 

- b. Restricted funds (continued) 

## **Funds aggregated/disaggregated on carry forward** 

|Restricted funds-admin<br>Big Lottery Building Connections (volunteer project)<br>Restricted finds - volunteer project<br>Restricted funds (C&F) - other<br>Henry Smith<br>Big Lottery: Building a Stronger Britain<br>Restricted funds - sports<br>Sports England community sports active<br>Restricted Funds - poverty response<br>Covid relief - poverty<br>Nationwide foundation - poverty<br>Lloyds TSB grant - poverty response<br>Trussle Trust Financial Inclusion Grants<br>UK Power partners|Prior<br>Period<br>Closing<br>Balance<br>Transferred<br>on Carry<br>Forward<br>**Current**<br>**Period**<br>**Opening**<br>**Balance**<br>£<br>£<br>**£**<br>6,595<br>932<br>**7,527**<br>435<br>(435)<br>**-**<br>497<br>(497)<br>**-**|
|---|---|
||7,527<br>-<br>**7,527**|
||1,522<br>11,884<br>**13,406**<br>11,300<br>(11,300)<br>**-**<br>584<br>(584)<br>**-**|
||13,406<br>-<br>**13,406**|
||790<br>123<br>**913**<br>123<br>(123)<br>**-**|
||913<br>-<br>**913**|
||22,738<br>9,685<br>**32,423**<br>7,261<br>(7,261)<br>**-**<br>969<br>(969)<br>**-**<br>3,916<br>(3,916)<br>**-**<br>-<br>2,450<br>**2,450**<br>-<br>11<br>**11**|
||34,884<br>-<br>**34,884**|



35 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 21. Fund descriptions 

## a) Unrestricted funds 

The unrestricted funds represent the free funds of the charity which are not designated for particular purposes. 

## b) Designated funds 

These represent amounts set aside by the trustees to cover investment in fixed assets and future expenditure or commitments such that the reserves are not available to cover general operating costs. 

## c) Restricted funds 

Funds are deemed to be restricted when received for specific projects or to fund specific expenditure (for example salary costs for specific projects).   The details of the main restricted funds are given above. 

## 22. Analysis of net assets between funds 

|Current period<br>Fixed assets<br>Cash and current investments<br>Other current assets<br>Creditors within less than one year<br>Provisions/pensions<br>Total<br>Prior period<br>Fixed assets<br>Cash and current investments<br>Other current assets<br>Creditors within less than one year<br>Provisions/pensions<br>Total|Unrestricted<br>funds<br>Designated<br>funds<br>Restricted<br>funds<br>Total<br>2023<br>£<br>£<br>£<br>£<br>68,432<br>402,287<br>-<br>470,719<br>438,215<br>-<br>83,995<br>522,210<br>104,156<br>-<br>10,910<br>115,066<br>(298,207)<br>-<br>-<br>(298,207)<br>-<br>-<br>-<br>-|
|---|---|
||**312,596**<br>**402,287**<br>**94,905**<br>809,788|
||Unrestricted<br>funds<br>Designated<br>funds<br>Restricted<br>funds<br>**Total**<br>**2022**<br>£<br>£<br>£<br>**£**<br>79,236<br>414,635<br>-<br>**493,871**<br>402,622<br>-<br>122,002<br>**524,624**<br>61,812<br>-<br>-<br>**61,812**<br>(179,648)<br>-<br>-<br>**(179,648)**<br>-<br>-<br>-<br>**-**|
||364,022<br>414,635<br>122,002<br>**900,659**|



36 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 23. Pensions and other post-retirement benefits 

## a) Defined contribution pension plans 

The charity operates two defined contribution pension plans for its employees.  The amount recognised as an expense in the period was £19,190 (2022: £16,799). 

The defined contribution liability is allocated to unrestricted funds. 

## 24. Financial commitments 

There are no financial commitments that have been authorised but not yet contracted for. Refer to Note 16 for details of operating leases. 

## 25. Events after the end of the period 

The trustees took decisions to discontinue the following operations at the dates listed: After School Club 27th July 2023 Nursery 22nd October 2023 

Summary of Income & Expenditure for 2022/23 financial year 

||**Nursery**|**After School Club**|**Total**|
|---|---|---|---|
||£|£|£|
|Income|240,213|76,600|316,813|
|Operating expenditure*|287,670|86,410|374,080|
|**Net surplus/deficit**|**(47,457)**|**(9,810)**|**(57,267)**|
|Redundancy costs incurred after the end of the period totalled|||2,629|



*Includes internal transfer for hire of facilities which should be recovered by external hire income. *Excludes internal transfer for support costs. 

There have been no other post balance sheet events that require disclosure. 

37 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

26. Reconciliation of net income/(expenditure) to net cash flow from operating activities 

|Net income/(expenditure) for year<br>Dividends received<br>Rents received from investment properties<br>Interest receivable (note 5)<br>Interest payable<br>Depreciation and impairment of tangible fixed<br>assets (note 9)<br>Amortisation and impairment of intangible fixed<br>assets<br>(Gains)/losses on investments<br>(Profit)/loss on disposal of tangible fixed assets<br>(Profit)/loss on disposal of fixed asset investments<br>Receipt of endowment<br>Post-employment benefits less payments<br>Provisions less payments<br>(Increase)/decrease in stock<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>Net cash flow from operating activities|**2023**<br>2022<br>**£**<br>£<br>(90,871)<br>45,367<br>-<br>-<br>-<br>-<br>(282)<br>(42)<br>-<br>-<br>75,712<br>38,710<br>-<br>-<br>-<br>-<br>-<br>875<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(53,254)<br>737<br>118,559<br>54,562|
|---|---|
||**49,864**<br>**140,209**|



## 27. Financial instruments 

The charity’s financial instruments may be analysed as follows: 

|Financial Assets<br>**Financial Assets Measured at Amortised Cost**<br>Trade Debtors<br>Other Debtors<br>Cash and Cash Equivalents<br>**Total financial assets**<br>inancial Liabilities<br>**Financial Liabilities Measured at Amortised Cost**<br>Trade Creditors<br>Other Creditors<br>Bank loans and overdrafts payable within one year<br>**Total financial liabilities**|**2023**<br>2022<br>**£**<br>£<br>**74,689**<br>28,578<br>**40,377**<br>33,234<br>**522,210**<br>524,624|
|---|---|
||**637,276**<br>**586,436**|
||**18,519**<br>10,443<br>**276,638**<br>164,810<br>**3,050**<br>4,395|
||**298,207**<br>**179,648**|



## Financial Liabilities 

38 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 28. Related party transactions 

All hire charges with related parties are on the same terms as for other voluntary sector groups, no security or guarantee is held or given in relation to transactions with related parties.  Information about related party transactions and outstanding balances is outlined below: 

|**West Silvertown Village Community Foundation**<br>a) management and accounting under service level<br>agreement<br>**At 31/3/2023**<br>**Bonny Downs Baptist Church**–formed the charity and<br>some of the directors / trustees are also members of the<br>church. The Church hires space at the Well Community centre<br>and BDCA hires space at the church.<br>a) hire of premises<br>b) donations<br>c) activity costs, consumables<br>**At 31/3/2023**<br>**NEWway** (partner in homelessness project funded by<br>London Borough of Newham)<br>a) project delivery under service level agreement<br>b) re-imbursement of staff secondment<br>c) activity costs, consumables and training<br>**At 31/3/2023**|Year ended:<br>31-Mar-23<br>Year ended:<br>31-Mar-22<br>Income<br>Expenditure<br>Outstanding<br>Balances<br>Commitments<br>Income<br>Expenditure<br>Outstanding<br>Balances<br>Commitments<br>£<br>£<br>DR / (CR) £<br>£<br>£<br>£<br>DR / (CR) £<br>£<br>-<br>-<br>-<br>-<br>2,931<br>-<br>-<br>-|
|---|---|
||**-**<br>**-**<br>**-**<br>**-**<br>**2,931**<br>**-**<br>**-**<br>**-**|
||5,370<br>11,455<br>-<br>-<br>842<br>9,110<br>-<br>-<br>40<br>-<br>-<br>-<br>250<br>-<br>-<br>-<br>450<br>4,340<br>-<br>-<br>306<br>-<br>-<br>-|
||**5,860**<br>**15,795**<br>**-**<br>**-**<br>**1,398**<br>**9,110**<br>**8**<br>**-**|
||13,326<br>-<br>-<br>-<br>51,368<br>106,379<br>-<br>-<br>46,673<br>-<br>-<br>-<br>20,598<br>-<br>-<br>-<br>326<br>3,380<br>-<br>-<br>4,244<br>15,325<br>-<br>-|
||**60,325**<br>**3,380**<br>**-**<br>**-**<br>**76,210**<br>**121,704**<br>**17**<br>**-**|



39 



Year Ended 31 March 2023 

**Bonny Downs Community Association** Annual Report & Financial Statements 

## Notes to the financial statements 

## 28. Related party transactions (continued) 

|**Newham Cricket Club**<br>a) pitch hire<br>**At 31/3/2023**<br>**Transform Newham** (partner charity)<br>a) room hire<br>b) activity costs, consumables / HR advice<br>**As at 31/3/2023**<br>**Renewal Programme**(partner charity)<br>a) programme delivery via service level agreement<br>b) room hire<br>**As at 31/3/2023**<br>**Community Albums** (partner charity)<br>a) programme delivery via service level agreement<br>b) room hire<br>As at 31/3/2023<br>Donations and other income received from entities<br>connected with Trustees<br>Mastercard|Year ended:<br>31-Mar-23<br>Year ended:<br>31-Mar-22<br>Income<br>Expenditure<br>Outstanding<br>balances<br>Commitments<br>Income<br>Expenditure<br>Outstanding<br>balances<br>Commitments<br>£<br>£<br>£<br>£<br>£<br>£<br>£<br>£<br>9,135<br>-<br>-<br>-<br>7,920<br>-<br>-<br>-|
|---|---|
||**9,135**<br>**-**<br>**-**<br>**-**<br>**7,920**<br>**-**<br>**-**<br>**-**|
||-<br>-<br>-<br>-<br>23<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>925<br>-<br>-|
||**-**<br>**-**<br>**-**<br>**-**<br>**23**<br>**925**<br>**-**<br>**-**|
||-<br>-<br>-<br>-<br>-<br>57,269<br>-<br>-<br>-<br>-<br>-<br>-<br>1,359<br>-<br>-<br>-|
||-<br>-<br>-<br>-<br>1,359<br>57,269<br>1359<br>-|
||**-**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>800<br>-<br>-<br>-<br>-<br>-<br>-<br>-|
||**800**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|
|||
||**857**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|



40 



Year Ended 31 March 2023 **Bonny Downs Community Association** 

Annual Report & Financial Statements 

## Notes to the financial statements 

## 28. Related party transactions (continued) 

BDCA is a charity rooted in the local community and has benefited from the commitment of several families based in the area who either work for the charity or serve as trustees.  The charity operates an open recruitment for all positions and seeks to appoint the best candidate for each position.  BDCA runs a summer activity programme for local school children and encourages older children / young adults to become young leaders and thereby develop organisational and leadership skills, some of the young leaders are children of staff and trustees. 

The following employees are related parties via family connections to either the trustees or key management personnel.  The trustees are satisfied that all salaries are either at or below market rate for similar roles in the area. 

|Name<br>Relationship<br>T Laing<br>Son of S Laing +<br>R Pease<br>Daughter of T Pease +<br>M Pease<br>Husband of T Pease+<br>A Allgood<br>Son of A Allgood+<br>J Craig<br>Daugher of D Mann *<br>M Porter<br>Spouse of sister of D<br>Mann*|Gross pay<br>Employer<br>pension<br>contributions<br>Leaving<br>date<br>£<br>£<br>847<br>-<br>1,508<br>-<br>24,104<br>723<br>2,242<br>-<br>29,999<br>900<br>4,649<br>140<br>**63,349**<br>**1,763**|
|---|---|



## Other Expenditure with related parties 

|Name<br>Relationship<br>A Laing<br>Daughter of S Laing +<br>L Oni<br>Daughter of D Mann*<br>S W Allgood<br>Spouse of A Allgood+<br>Other income from related parties<br>Name<br>Relationship<br>L Oni<br>Daughter of D Mann*|Amount<br>Description<br>£<br>1,560<br>Leading activity<br>sessions<br>800<br>Leading activity<br>sessions<br>185<br>Maintenance work<br>**2,545**<br>Amount<br>Description<br>£<br>112<br>After school club fees<br>**112**|
|---|---|



* trustees 

+ key management personnel 

41 



## BDCA 2023 Accounts for signing 

Final Audit Report 

2023-12-05 

Created: 2023-12-01 By: James Lambden (james.lambden@hotmail.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAg0x6bCLG6mh14DdwcbL39uRglalviBLf 

## "BDCA 2023 Accounts for signing" History 

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