**REGISTERED COMPANY NUMBER: 03398020 (England and Wales) REGISTERED CHARITY NUMBER: 1073825** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **FOR** **St John'S And Spring Grove Community Association Limited** MHR Consultancy Limited Ferneberga House Alexandra Road Farnborough GU14 6DQ **St John'S And Spring Grove Community Association Limited** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|8| |**Detailed Statement of Financial Activities**||9|| **St John'S And Spring Grove Community Association Limited REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 March 2022** **TRUSTEES** Mrs J Chapelow Ms J V Swann Ms M E Easton D Fairweather Rev D S Maclure **COMPANY SECRETARY** Ms J V Swann **REGISTERED OFFICE** 80 St John'S Road Isleworth Middlesex TW7 6RU **REGISTERED COMPANY NUMBER** 03398020 (England and Wales) **REGISTERED CHARITY NUMBER** 1073825 Page 1 **St John'S And Spring Grove Community Association Limited** ## **REPORT OF THE TRUSTEES** ## **for the Year Ended 31 March 2022** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Objectives - to run and let the Community Hall at 80 St Johns Road, Isleworth, Middlesex, TW7 6RU to advance education and to provide facilities in the interests of social welfare, recreation and leisure with the object of improving the conditions of life for the inhabitants of Isleworth and the neighbourhood. The Charity renewed the lease on 80 St Johns Road in 2018 for a period of 20 years. Activities - To organize and encourage local groups to use St Johns Community hall. These activities were curtailed during the year due to the Charity being required to close the Community hall for much of the year to comply with government Covid-19 restrictions. The Memorandum and Articles of Association are dated 3 July 1997. The Association shall be non-party in politics and non-sectarian in religion. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The Community halls are let throughout the year and the benefits are appreciated by the users. The Trustees no longer let the Hall for one off party bookings as it was becoming increasing difficult to accommodate these without the Charity employing staff. ## **FINANCIAL REVIEW** ## **Financial position** The funds of the Charity are managed by the Trustees. The Trustees have introduced a formal risk management process to assess business risks and implement risk management strategies. This involved identifying the types of risks the Charity faces, prioritising them in terms of potential impact and identifying where possible, a means of mitigating the risks. The Charity is in a sound financial position and the Trustees' consider that its continuance as a going concern is well placed. Although the Charity's ability to let the Community Hall continued to be restricted during the year and it lost a number of User Groups who indicated that they would not be returning post covid-19 pandemic, the Trustees started a marketing campaign to ensure that the Charity returns to a surplus by 2023-24. The net loss for the year was £12,521. Although uncertainty continued regarding the ability of the Charity to let the Community Hall due to the covid-19 pandemic, the Charity has sufficient funds to cover expenditure during the next financial year. The Trustees will continue to monitor the financial position and will, if necessary take appropriate action. The net assets of the Charity at the end of the year were £123,802. The Charity maintains these reserves to meet its obligations under the lease and any medium-term obligations that may arise should the Charity have to look at an alternative heat source, other than gas. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Charity is controlled by its governing document, a Deed of Trust and is a company limited by guarantee as defined by the Companies Act 2006 Approved by order of the board of trustees on 7 December 2022 and signed on its behalf by: Mrs J Chapelow - Trustee Page 2 **St John'S And Spring Grove Community Association Limited** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **for the Year Ended 31 March 2022** |||31.3.22|31.3.21| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies||7|25,000| |Other trading activities|2|25,742|861| |Investment income|3|58|474| |**Total**||25,807|26,335| |**EXPENDITURE ON**|||| |**Charitable activities**|||| |Community Hall Management||38,328|34,930| |**NET INCOME/(EXPENDITURE)**||(12,521)|(8,595)| |**RECONCILIATION OF FUNDS**|||| |Total funds brought forward||136,323|144,918| |**TOTAL FUNDS CARRIED FORWARD**||123,802|136,323| The notes form part of these financial statements Page 3 **St John'S And Spring Grove Community Association Limited** ## **BALANCE SHEET** ## **31 March 2022** |31.3.22
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
7
10,828
Investments
8
470
11,298
**CURRENT ASSETS**
Debtors
9
15,310
Cash at bank
112,217
127,527
**CREDITORS**
Amounts falling due within one year
10
(15,023)
**NET CURRENT ASSETS**
112,504
**TOTAL ASSETS LESS CURRENT LIABILITIES**
123,802
**NET ASSETS**
123,802
**FUNDS**
11
Unrestricted funds
123,802
**TOTAL FUNDS**
123,802|31.3.21
Total
funds
£
15,641
470| |---|---| ||16,111
7,273
124,624| ||131,897
(11,685)| ||120,212| ||136,323| ||136,323| ||136,323| ||136,323| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 7 December 2022 and were signed on its behalf by: J Chapelow - Trustee D Fairweather - Trustee The notes form part of these financial statements Page 4 **St John'S And Spring Grove Community Association Limited** **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on cost ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. OTHER TRADING ACTIVITIES** ## **3.** ## **4.** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||31.3.22|31.3.21| ||£|£| |Lettings income|25,742|861| |**INVESTMENT INCOME**||| ||31.3.22|31.3.21| ||£|£| |Interest receivable - trading|58|474| |**NET INCOME/(EXPENDITURE)**||| |Net income/(expenditure) is stated after charging/(crediting):||| ||31.3.22|31.3.21| ||£|£| |Depreciation - owned assets|4,813|3,609| Page 5 continued... **St John'S And Spring Grove Community Association Limited** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022** ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ## **7.** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|25,000| |Other trading activities|861| |Investment income|474| |**Total**|26,335| |**EXPENDITURE ON**|| |**Charitable activities**|| |Community Hall Management|34,930| |**NET INCOME/(EXPENDITURE)**|(8,595)| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|144,918| |**TOTAL FUNDS CARRIED FORWARD**|136,323| |**TANGIBLE FIXED ASSETS**|| ||Fixtures| ||and| ||fittings| ||£| |**COST**|| |At 1 April 2021 and 31 March 2022|19,250| |**DEPRECIATION**|| |At 1 April 2021|3,609| |Charge for year|4,813| |At 31 March 2022|8,422| |**NET BOOK VALUE**|| |At 31 March 2022|10,828| |At 31 March 2021|15,641| Page 6 continued... **St John'S And Spring Grove Community Association Limited** **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022** ## **8. FIXED ASSET INVESTMENTS** |**MARKET VALUE**
At 1 April 2021 and 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021
There were no investment assets outside the UK.
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accruals and deferred income
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Listed
investments
£
470
470
470
31.3.22
31.3.21
£
£
10,716
3,273
4,594
4,000
15,310
7,273
31.3.22
31.3.21
£
£
-
4,668
15,023
7,017
15,023
11,685
Net
movement
At
At 1.4.21
in funds
31.3.22
£
£
£
136,323
(12,521)
123,802
136,323
(12,521)
123,802
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
25,807
(38,328)
(12,521)
25,807
(38,328)
(12,521)| |---|---| continued... Page 7 **St John'S And Spring Grove Community Association Limited** **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022** ## **11. MOVEMENT IN FUNDS - continued** **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
144,918
(8,595)
136,323
144,918
(8,595)
136,323
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
26,335
(34,930)
(8,595)
26,335
(34,930)
(8,595)|At
31.3.21
£
136,323|At
31.3.21
£
136,323| |---|---|---|---| |||136,323|| ||||(8,595)| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
movement
At 1.4.20
in funds
£
£
144,918
(21,116)
144,918
(21,116)|At
31.3.22
£
123,802| |---|---|---| |||123,802| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|52,142|(73,258)|(21,116)| |**TOTAL FUNDS**|52,142|(73,258)|(21,116)| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2022. Page 8 **St John'S And Spring Grove Community Association Limited** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** ## **for the Year Ended 31 March 2022** |**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**for the Year Ended 31 March 2022**||| |---|---|---| ||31.3.22|31.3.21| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|7|-| |COVID Grants|-|25,000| ||7|25,000| |**Other trading activities**||| |Lettings income|25,742|861| |**Investment income**||| |Interest receivable - trading|58|474| |**Total incoming resources**|25,807|26,335| |**EXPENDITURE**||| |**Charitable activities**||| |Rates and water|1,257|255| |Insurance|1,517|764| |Light and heat|2,787|-| |Telephone|940|879| |Postage and stationery|8|17| |Rent Payable|16,000|12,000| |Computer Costs|53|1,579| ||22,562|15,494| |**Support costs**||| |**Management**||| |Repairs and Renewals|7,105|12,143| |**Information technology**||| |Furniture & Fixtures Dep|4,813|3,609| |**Governance costs**||| |Accountancy|3,684|3,684| |Professional fees|164|-| ||3,848|3,684| |Total resources expended|38,328|34,930| |**Net expenditure**|(12,521)|(8,595)| This page does not form part of the statutory financial statements Page 9