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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1083426

GREATER DEEPDALE COMMUNITY ASSOCIATION (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

GREATER DEEPDALE COMMUNITY ASSOCIATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Statement of Financial Position 7 to 8
Notes to the Financial Statements 9 to 14
Detailed Statement of Financial Activities 15
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GREATER DEEPDALE COMMUNITY ASSOCIATION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2021

Trustees Mr Ibrahim Member
Mrs Patricia Maudsley
Mr David Staples
Mr Mark William Andrew Roberts
Company secretary Ms Susan Thackeray
Registered office Catherine Beckett Community Centre
Deepdale Enclosure, Deepdale Road
Preston
Lancashire
PR1 5AR
Registered company number 04089206 (England and Wales)
Registered charity number 1083426
Independent examiner Riley Moss 2018 Limited
Chartered Accountants
Riley House
183-185 North Road
Preston
Lancashire
PR1 1YQ

Page 1

GREATER DEEPDALE COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees, who are also directors of Greater Deepdale Community Association for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.

Objectives and activities

The objectives of the charity as stated in the governing document are as follows:

To promote the benefit of the inhabitants of the area of benefit without distinction of sex, sexual orientation, race or political, religious or other opinions by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants; and

To establish or secure the establishment of a community centre and to maintain and manage the same.

The principal activity of the company is that of supporting and promoting the needs of the local community.

When planning activities for the year, the trustees have considered the Commission's guidance on public benefit.

Page 2

GREATER DEEPDALE COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Achievement and performance

Ongoing Projects:

In Addition:

Of Note:

Financial review

It is the policy of the charity to maintain unrestricted funds at a level which equate to approximately 12 months unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs.

Structure, governance and management

The company was incorporated on 12 October 2000 as Greater Deepdale Community Association, a company limited by guarantee (Company number 4089206) and registered as a charity on 15 November 2000 (Charity number 1083426).

The company is governed by the policies made from time to time by trustees together with the terms of its Memorandum and Articles of Association which sets out the objects and powers of the company.

There are informal procedures in place for induction and training of new trustees. Trustees are also encouraged to attend external briefings and training courses.

Page 3

GREATER DEEPDALE COMMUNITY ASSOCIATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Governance and internal control

The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 15 December 2021 and signed on its behalf by:

Ms Susan Thackeray - Secretary

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREATER DEEPDALE COMMUNITY ASSOCIATION

Independent examiner's report to the trustees of Greater Deepdale Community Association ('the

Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Farook Patel Riley Moss 2018 Limited Chartered Accountants Riley House 183-185 North Road Preston Lancashire PR1 1YQ

15 December 2021

Page 5

GREATER DEEPDALE COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

2021
Unrestricted
funds
Notes
£
Income and endowments from
Donations and legacies
4
45,093
Income: charitable activities
5
11,785
Other income
14,513
Total
71,391
Expenditure on
Charitable activities
6
Support costs
44,898
Other
2,100
Total
46,998
NET INCOME/(EXPENDITURE)
24,393
Reconciliation of funds
Total funds brought forward
49,980
Total funds carried forward
74,373		 2020
Total
funds
£
24,740
28,987
21
53,748
63,061
2,471
65,532
(11,784)
61,764
49,980

Continuing operations

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 6

GREATER DEEPDALE COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL POSITION 31 MARCH 2021

2021
Unrestricted
funds
Notes
£
Fixed assets
Tangible assets
11
11,900
Current assets
Debtors
12
3,797
Prepayments and accrued income
5,076
Cash at bank and in hand
54,342
63,215
Creditors
Amounts falling due within one year
13
(742)
Net current assets
62,473
Total assets less current liabilities
74,373
NET ASSETS
74,373
Funds
14
Unrestricted funds:
General fund
74,373
Total funds
74,373		 2020
Total
funds
£
14,000
3,797
3,402
29,523
36,722
(742)
35,980
49,980
49,980
49,980
49,980

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 7

continued...

GREATER DEEPDALE COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2021

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 15 December 2021 and were signed on its behalf by:

Mr Mark William Andrew Roberts - Trustee

The notes form part of these financial statements

Page 8

GREATER DEEPDALE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

Greater Deepdale Community Association is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Catherine Beckett Community Centre, Deepdale enclosure, Deepdale road, Preston, Lancashire, PR1 5AR.

Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

2. 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.

Going concern

Trustees consider that the charitable company has sufficient resources and there are no material uncertainties about the charity's ability to continue. Accordingly, trustees continue to adopt the going concern basis in preparing the financial statements.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 9

continued...

GREATER DEEPDALE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies - continued

Resources expended

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property Fixtures and fittings

Taxation

The charity is exempt from corporation tax on its charitable activities.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost. Financial assets held at amortised cost comprise cash and bank in hand, trade debtors and other debtors. A specific provision is made for debts for which recoverability is in doubt. Financial liabilities held at amortised cost comprise all creditors except social security and other taxes.

3. 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. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

4. Donations and legacies

5.

Grants
Income: charitable activities
Rental income		 2021
£
45,093
2021
£
11,785		 2020
£
24,740
2020
£
28,987

Page 10

continued...

GREATER DEEPDALE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

6. Charitable activities costs

Support costs
7.
Direct costs of charitable activities
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Cleaning
Repairs and maintenance
Accountancy fees
8.
Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 Direct
Costs (see
note 7)
£
44,898
2021
2020
£
£
18,778
29,553
13,976
16,736
6,051
5,692
1,314
3,867
1,475
1,508
88
169
-
459
238
593
1,140
2,153
299
1,387
1,539
944
44,898
63,061
2021
2020
£
£
2,100
2,471

9. Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Page 11

continued...

GREATER DEEPDALE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

10. Staff costs

The average monthly number of employees during the year was as follows:

Administrator
No employees received emoluments in excess of £60,000.
11.
Tangible fixed assets
Improvements
to
property
£
Cost
At 1 April 2020 and 31 March 2021
9,014
Depreciation
At 1 April 2020
9,014
Charge for year
-
At 31 March 2021
9,014
Net book value
At 31 March 2021
-
At 31 March 2020
-
12.
Debtors: amounts falling due within one year
Trade debtors
Other debtors		 2021
1
Fixtures
and
fittings
£
91,769
77,769
2,100
79,869
11,900
14,000
2021
£
3,297
500
3,797		 2020
1
Totals
£
100,783		 2020
1
Totals
£
100,783
86,783
2,100
88,883
11,900
14,000
2020
£
3,297
500
3,797

Page 12

continued...

GREATER DEEPDALE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

13. Creditors: amounts falling due within one year

Accrued expenses
14.
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
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are
Unrestricted funds
General fund
TOTAL FUNDS		 2021
2020
£
£
742
742
Net
movement
At
At 1.4.20
in funds
31.3.21
£
£
£
49,980
24,393
74,373
49,980
24,393
74,373
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
71,391
(46,998)
24,393
71,391
(46,998)
24,393
Net
movement
At
At 1.4.19
in funds
31.3.20
£
£
£
61,764
(11,784)
49,980
61,764
(11,784)
49,980
as follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
53,748
(65,532)
(11,784)
53,748
(65,532)
(11,784)

Page 13

continued...

GREATER DEEPDALE COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

15. Related party disclosures

There were no related party transactions for the year ended 31 March 2021.

16. Company limited by guarantee

Greater Deepdale Community Association is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

Page 14

GREATER DEEPDALE COMMUNITY ASSOCIATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Income and endowments
Donations and legacies
Grants
Income: charitable activities
Rental income
Other income
Bank interest receivable
Other Income - CJRS
Total incoming resources
Expenditure
Charitable activities
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Cleaning
Repairs and maintenance
Accountancy fees
Other
Depreciation of tangible fixed assets
Total resources expended
Net income/(expenditure)		 2021
£
45,093
11,785
5
14,508
14,513
71,391
17,813
965
13,976
6,051
1,314
1,475
88
-
238
1,140
299
1,539
44,898
2,100
46,998
24,393		 2020
£
24,740
28,987
21
-
21
53,748
28,086
1,467
16,736
5,692
3,867
1,508
169
459
593
2,153
1,387
944
63,061
2,471
65,532
(11,784)

This page does not form part of the statutory financial statements

Page 15