•dHippey Charitable Company Accounts Monkston Community Centre and Sports Pavilion Limited For the year ended 31 March 2024 Prepared by Hippey Accountancy SeNices Llmited Iiiiilliiii *ADIKWC7S• 2311W2024 COMPANIES HOUSE A26
196
•dHippey Contents Report ofthe Management Committee Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements Notes to the Financial Statements- continued.- io Detailed Income and Expenditure Charitsble ConwanyAccLwnts | Monkston CommunityCent¥e and Sports Pavilion Limsted Page2of li
•dHippey Report of the Management Committee Monkston Community Centre and Sports Pavilion Limited Forthe yearended 31 March 2024 The Management Committee presents its directors, report and unaudited financial statements for the year ended 31 March 2024 Reference and Admlnlstrative Information Charity Name: Monkston Community Centre and Sports Pavilion Limited Charity registration number. 1090273 Company registration number: 04219673 Registered Office address.. St Bartholomews, Blanchland Circle, Monkston, Milton Keynes. MKIO 9FJ Man•8ement Commltte• Oeepkamal Kaur Bakhshi- Resigned 2210212024 Helen Chater- Resigned 2210212024 Colin Bowker- Joined 2210212024 Sharon Smith . Joined 2210212024 Syretary Emma Hance Accountants Hippey Accountancy Services, 13 Swanwick Walk, 8rou8hton. Milton Keynes, MKIO 9LJ Bankers Barclèys Bank Plc, Aylesbury120.03.181 OurAims and objectives Purp•Ms and •ims Our charity's purposes a5 set out in the objects contained in the company'5 rnemorandum of association are to promote the benefit of the community facility to the inhabitants of Monkston and inhabitants or other area5 Wlthin Milton Keyne5 Wlthout distinction of sex, sexual orientation, race or of political, religious or opinions, by bringing together the said inhabitants with voluntary and private organisations and individuals by offering facilities for hire. The objective being to enhance the lives of the said inhabitants by offering hall hire at affordable prlces, giving value for money and encoura8ing leisure. health, fitness and educational activities. Ensurlng our work d•llv•rs our aims We ieview our aims. objectives and activities each year. The revlew looks at what we achieved and the outcomes of our work in the previou5 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim. objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. The f(KU$ of our work We are committed to implementing and promoting equal opportunities when makingdecisions about seNices, hall hire and charges. We strive to provide an inclusive and diverse service to the local and wider community. Charitable CompanyPKcounts l Monkst•n CommunityCentreaThd SportsPavillon Limited Pay 3of 11
Rert olthe Managernent Committet *Hippey structure, Governance and Management Governing document The organisation is a charitable company limited by guarantee, incorporated on 18 May 2001 and registered as a charity on 28 January 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10. RKruitment and •ppointm•nt of new trustgos The directors of the company are also charity trustees for the purposes of charity law and un(ler the company's Articles are known as members of the Management Committee. Trustees appointed are deemed to be suitably responsible for the position held. Risk m•n•i•m•nt The trustees have a duty of care to identify and review the risks to which the charity Is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on 12 December 2024 and signed on its behalf by: MrGr al- Dir tor / Trustee haritsble CompanyAccounts l Monkstofftcornmyrtitycentreand Sports Pavilion Limited Page4of li
*Hippey Independent Examiner's Report Monkston Community Centre and Sports Pavilion Limited Forthe yearended 31 March 2024 Respective responsibilities of trustees and examiner The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 I'the CharltiesAct"l and that an Independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination. it is my responsibility to: examine the accounts under section 145 of the Charities Act. to follow the procedures laid down in the general Directions given by the Charity Commission luftder section 14515llbl of the Charities Act, and to state whether any particular Matters have come to my attention. Basis of independent examiner's statement My examlnation was carried out in accordance with general Directions given by the Charity Commlssion. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and falr, view and the report Is limited to those matters set out in the statement below. Independent examiner's statement In connection wlth my examination, no matter has come to my attention . iii which gives me aSOnable cause to believe that, in any material respect. the requirements to keep accounting records in accordance with section 130 of the Charities Act; and, to prepare accounts which accord wlth the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 121 to which. in my opinion, attention should be drawn in order to enable a proper undetstanding of the accounts to be reached. Michaela Hippey 'ffY ipp•y Accountancy S•rvlc•s 13 Swanwickwalk, Brou8hton. Milton Keyne5, MK109LJ 10 December 2024 ChaiitsbleCompartyAccouThts | Monk5tonCommunity¢entre and Sports Pavilion Limited Page S ol li
*Hippey Statement of Financial Activities Monkston Community Centre and Sports Pavilion Limited Forthe year ended 31 March 2024 140TES UNRESTRICTED FUNDS TOTAL FUtIDS 2024 TOTAL FUNDS 2023 Incomin resources from Tradingactivities i)on&tions and grants Investment income enerated funds: 44,805 44.805 35.959 2.500 2.SOO Total incoming resource5 47,311 47,311 35,963 Resources expended Cost ol Sales 132 132 1,720 ense5 Esiabllshment Expenses Staff Costs 32,241 32,241 24,738 8,251 3,274 11,431 4.181 1,453 4,079 53,385 11.431 Le8al and Prolesstonal Fees Depreciation General Administration Total Exp¢ns•s 4,181 1,453 4,079 53,385 685 2,993 39,941 Total Resourc•s expended 53,517 53.517 41,661 Net Income (Expendlture) 16,2061 16,2061 {5,6991 Charit•ble CompanyAccounts l Monkston C•mmufiityCeThtreond Sport5 Pavlllon Lirnited P•ee 6of li
44Hippey Statement of Financial Position Monkston Community Centre and Sports Pavilion Limited As at 31 March 2024 140TES TOTAL FUNDS 2024 TOTAL FUNDS 2023 Fixed Assets ran ible assets Plant and machineryetc Office equipment Total Flxed Assets 144 551 1,661 2.707 1,805 3,258 Current assets Cash at bank and In hand 2,864 7.034 Debtors 3,587 S.S26 12,560 Total Current¥ss•ts 6,452 Creditors: amounts fallin Trade credltors due within one ear 2,947 4.543 1.150 Accruals and deferred Income Other creditors 210 Total Cr•dltors.' amounts falllnqdue wlthln one year 4,547 5,902 Net current assets (liabilities> 1,905 6,658 Total assets less current liabilities 3,710 9,916 NetAssets 3.710 9,916 Chari Funds Unrestri¢leO funds 3,710 9.916 Total Charity Funds 3,710 9.916 Forthe year endin8 31 March 2024, the company was entitled to exemption from audit under sections475 and 477 of the CompaniesAct2006. Directors, responsibilitie5: No member or members eligible to do so have deposited a notice within the specified time requesting the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The director5 acknowledge their sPonSibl11t1es for complying with the requirements of the 2006 Companies Act with respect to accounting records and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of each financial year and of it5 profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 Iduty to prepare individual accounts and applicable accounting framework), and which otheNise comply with the requirements of the Companies Art 2006 relating to its accounts. so far as applicable to the company. The accounts are prepared in accordance with the special provisions relating to small companies within Part 15 of the Companie5 Act 2006 and in compliance with the provisions relating to small entities within Section IA of the Financial Reporting Standard FRS 102 leffective l January 20151. These financial statements were approved and authorised for issue by the Management Committee on the 12th December 2024 and were signed on its behalf by: MrGrant Gal Directorl Trustee The notss on pages8 to 9 form an integral partofthese accounts. CharitableCompanyAccouThts l Monkston CommunltyCentr¢andSportsPavtliorb Limit¢d Page7 of 11
*Hippey Notes to the Financial Statements Monkston Community Centre and Sports Pavilion Limited Forthe year ended 31 March 2024 l. Accounting Policies The principal accounting policies adopted,jud8ements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a} Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recofflmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2015}- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Monkston Community Centre and Sports Pavilion Limited meets the definitlon of a small entity under FRS 102. A55ets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notels). b) Incoming resources Voluntary income, received by way of grants, is recognised when the grant has been received and is included in full in the Statement of Financial Activities. Incoming resources from charitable activities are recognised on the accruals basis when it is probable that the income will be received. cl Resources expended -Expenditure is recognised on the accruals basi5 and on the bos1S that it is probable that consideration will be received for the expenditure or at the point at which the provision is considered to become binding. dl Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery OfFice equipment Computer equipment 25% Straight line 100/0 & 20% Straight line 33% Straight line e} Taxation The Charity is exempt from Corporation Tax on its charitable activities. fj 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 ofthe nature and purpose of each fund is included in the notes to the financial statements. Charitat4eCompaDyAccounts | Monk5ton Communitycentre and SportsPavillon Limited Page80111
Hippey Notes to the Financial Statements- continued.. Monkston Community Centre and Sports Pavilion Limited Forthe yearended 31 March 2024 2024 2023 2. Tradln Activitles Income- Regular Users Income- Occasional Users 133,6791 111,1261 12,5001 161 147.3111 126.8721 19.0871 Income Irorn Grants Interest Income 141 135,9631 Tol•l Income from Tradini ktivitles 2024 2023 3. Net Income Net Profit ILossl Ex enditure 16,2061 15,6991 4. Trustees, Remuneration and Benefits During the year twstees H Chater and D Bhakshi received remuneration for administration services to the charity totalling £1.986 12023.. £8,251). No trustee received remuneration in their capacity as trustee. No trustee received relmbursement of expenses. 2024 2023 5. Debtors: Amounts fallin due within one ear Trade Debtors 3,587 4,693 834 Prepayments Total Debtors flllng du• wlthln on•y••r 3,587 5.526 2024 X+23 6. Credltors: Amounts fallln due wlthln one ear Trade Creditor5 2,947 4.543 Deposits Held in Advance Socièl Security and other T•xes Total Creditor5 falling due withln on*ye•r 1,600 1,150 210 4,547 5,902 Charitable CompanyAccounts l Monkxon COmmunityCentondsPorts Pavilion Limited Pa8e 9of 11
*Hippey Detailed Income and Expenditure Monkston Community Centre and Sports Pavilion Limited For the year ended 31 March 2024 NOTes 2024 2023 Income Income. Occasional User5 11,126 9,087 Income- Regular Users Income from Grants 33,679 2,5LYJ 26.872 Totsl Income 47,305 35,959 Cost of Sales Purchases 132 1.720 Total Cost of Sales 132 1.720 Net Income from Charitable Actlvitles 47,173 34,239 enses Establishment Ex Insurance enses 734 740 Light, Power. Heating Repairs & Maintenance Security Water Rate5 Total EstablSshment Expense5 18,876 7,918 1.118 896 1,171 1,140 23,039 1,063 1.063 11,681 st•ff Costs Salaries Total St•ff Costs 11.431 11,431 8,251 8.251 Le Il •nd Prof•ssion•l Fe•1 Audi¢&Accoufttancyfees Legal & Professional Expenses Tol•l Leial •nd Professlonal Fees 4,146 3,226 35 4.181 48 3,274 De reclitlon Oepreciation Expense Total D•pr•clation J,453 1,453 685 GeneralAdmlnlstratlon Bad debt provision Cleanin8 General Expenses IT Sofvare and Consumables 1,5S4 9,202 13,OS7 42 iio 365 Printing& Stationery Subscriptions Telephone& Internet Waste Removal Total GeneralAdmlni5tration li 34 117 167 2,220 24 1.946 480 16,051 13,281 Total Expenses 53,385 39,941 Choritable Cornpanykcounts | Monknon Communltycethtre and Sports PalI0n Limited Page Ioof li
Detailed Incomeand Expenditure *Hippey 140Tes 2024 2023 Operating Surplus {Deficit) 16312) 15,7031 Investments Interest Income Total Investments Surplus (Deficit) on Ordinary Activities before Taxation {6,2061 15.6991 Net Surplus (Deftcit} for the Period 16,2061 15,6991 CharitableCompaThyAc¢ounts | Monkstw Cornmvnitycentre and SportsPavilloh Limited Pagellofii