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 2023
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 2023
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
St John's And Spring Grove Community Association Limited REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 March 2023
TRUSTEES Mrs J Chapelow Ms J V Swann Ms M E Easton (resigned 7.12.22) 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 2023
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 2023. 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 Centre. During the year, the Community Centre was able to return to normal activities after two years of restrictions. We continued to allow groups to return to the Centre when they felt comfortable to do so. A number of groups did not return following Covid or did not return to their pre-Covid letting hours. As a consequence of this the Trustees have been marketing the Community Centre with a view to attracting new groups. This has been successful and the Community Centre is let to groups offering sport, fitness, social clubs, educational activities, dancing and to the church, as well as making the Centre available for local training courses and meetings.
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 Centre is 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 Trustees will continue to actively market the Community Centre although it is anticipated that the return to a surplus may be delayed due to the increase in energy costs. We do not think inflation or the increase in the cost of living had an impact on this year's rental income but we expect it will in the future in circumstances where local residents having less surplus income to spend on leisure. Notwithstanding the above the Charity is in a sound financial position and the Trustees' consider that its continuance as a going concern is well placed. The Charity made a net loss for the year was £6,373
Although the Charity is unlikely to return a surplus before 2024/25 it 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 £117,429. 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 13 December 2023 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 2023
| 31.3.23 | 31.3.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 11 | 7 | |
| Other trading activities | 2 | 37,959 | 25,742 |
| Investment income | 3 | 250 | 58 |
| Total | 38,220 | 25,807 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Community Hall Management | 44,593 | 38,328 | |
| NET INCOME/(EXPENDITURE) | (6,373) | (12,521) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 123,802 | 136,323 | |
| TOTAL FUNDS CARRIED FORWARD | 117,429 | 123,802 |
The notes form part of these financial statements
Page 3
St John's And Spring Grove Community Association Limited
BALANCE SHEET
31 March 2023
| 31.3.23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 6,016 Investments 8 470 6,486 CURRENT ASSETS Debtors 9 19,838 Cash at bank 118,832 138,670 CREDITORS Amounts falling due within one year 10 (27,727) NET CURRENT ASSETS 110,943 TOTAL ASSETS LESS CURRENT LIABILITIES 117,429 NET ASSETS 117,429 FUNDS 11 Unrestricted funds 117,429 TOTAL FUNDS 117,429 |
31.3.22 Total funds £ 10,828 470 |
|---|---|
| 11,298 15,310 112,217 |
|
| 127,527 (15,023) |
|
| 112,504 | |
| 123,802 | |
| 123,802 | |
| 123,802 | |
| 123,802 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.
The notes form part of these financial statements
continued...
Page 4
St John's And Spring Grove Community Association Limited
BALANCE SHEET - continued
31 March 2023
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 13 December 2023 and were signed on its behalf by:
J Chapelow - Trustee
D Fairweather - Trustee
The notes form part of these financial statements
Page 5
St John's And Spring Grove Community Association Limited
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023
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.
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Lettings income | 37,959 | 25,742 |
| INVESTMENT INCOME | ||
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Interest receivable - trading | 250 | 58 |
Page 6
continued...
St John's And Spring Grove Community Association Limited
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.23 | 31.3.22 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 4,812 | 4,813 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 7 |
| Other trading activities | 25,742 |
| Investment income | 58 |
| Total | 25,807 |
| EXPENDITURE ON | |
| Charitable activities | |
| Community Hall Management | 38,328 |
| NET INCOME/(EXPENDITURE) | (12,521) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 136,323 |
| TOTAL FUNDS CARRIED FORWARD | 123,802 |
continued...
Page 7
St John's And Spring Grove Community Association Limited
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Fixtures | |||
| and | |||
| fittings | |||
| £ | |||
| COST | |||
| At 1 April 2022 and 31 March 2023 | 19,250 | ||
| DEPRECIATION | |||
| At 1 April 2022 | 8,422 | ||
| Charge for year | 4,812 | ||
| At 31 March 2023 | 13,234 | ||
| NET BOOK VALUE | |||
| At 31 March 2023 | 6,016 | ||
| At 31 March 2022 | 10,828 | ||
| 8. | FIXED ASSET INVESTMENTS | ||
| Listed | |||
| investments | |||
| £ | |||
| MARKET VALUE | |||
| At 1 April 2022 and 31 March 2023 | 470 | ||
| NET BOOK VALUE | |||
| At 31 March 2023 | 470 | ||
| At 31 March 2022 | 470 | ||
| There were no investment assets outside the UK. | |||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Trade debtors | 15,244 | 10,716 | |
| Prepayments | 4,594 | 4,594 | |
| 19,838 | 15,310 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Trade creditors | 9,113 | - | |
| Accruals and deferred income | 18,614 | 15,023 | |
| 27,727 | 15,023 |
continued...
Page 8
St John's And Spring Grove Community Association Limited
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
11. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.22 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 123,802 | (6,373) | 117,429 |
| TOTAL FUNDS | 123,802 | (6,373) | 117,429 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 38,220 | (44,593) | (6,373) |
| TOTAL FUNDS | 38,220 | (44,593) | (6,373) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.4.21 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 136,323 | (12,521) | 123,802 |
| TOTAL FUNDS | 136,323 | (12,521) | 123,802 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 25,807 | (38,328) | (12,521) |
| TOTAL FUNDS | 25,807 | (38,328) | (12,521) |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1.4.21 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 136,323 | (18,894) | 117,429 |
| TOTAL FUNDS | 136,323 | (18,894) | 117,429 |
continued...
Page 9
St John's And Spring Grove Community Association Limited
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023
11. MOVEMENT IN FUNDS - continued
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 | 64,027 | (82,921) | (18,894) |
| TOTAL FUNDS | 64,027 | (82,921) | (18,894) |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 10
St John's And Spring Grove Community Association Limited
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2023 |
||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 11 | 7 |
| Other trading activities | ||
| Lettings income | 37,959 | 25,742 |
| Investment income | ||
| Interest receivable - trading | 250 | 58 |
| Total incoming resources | 38,220 | 25,807 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 1,736 | 1,257 |
| Insurance | 498 | 1,517 |
| Light and heat | 9,435 | 2,787 |
| Telephone | 1,029 | 940 |
| Postage and stationery | 13 | 8 |
| Rent Payable | 16,000 | 16,000 |
| Computer Costs | 111 | 53 |
| 28,822 | 22,562 | |
| Support costs | ||
| Management | ||
| Repairs and Renewals | 6,712 | 7,105 |
| Information technology | ||
| Furniture & Fixtures Dep | 4,813 | 4,813 |
| Governance costs | ||
| Accountancy | 4,082 | 3,684 |
| Professional fees | 164 | 164 |
| 4,246 | 3,848 | |
| Total resources expended | 44,593 | 38,328 |
| Net expenditure | (6,373) | (12,521) |
This page does not form part of the statutory financial statements
Page 11