2023-03-31-accounts - Earley Crescent Community Association

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Philip Hooper		Tony Henty
Cindy Thompson		Tony Bonnet
Tim Chambers		Martin Smith
Independent	Examiner
Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 IRR
Solicitors
The Hend Partnership
9Chalfont Court
Lower earley
Reading
Berkshire
RG6 5SY
Advisers
CAF Bank Ltd
25 Kings Hill	avenue
Kings Hill
West Mailing
Kent
ME194JQ

Kate Long - Association Manager
Patricia Moreton —Community Link Worker
Clare Amabaldi -Training Officer
Isabella Hughes - NLC Support Worker
Anaely Cupido Gomez - Office Manager
Samantha Mitchell - Finance Assistant
Malcolm Gaudreau - Senior Caretaker
Ron Hayes - Caretaker
Paul Lyden - Relief Caretaker
Kyle Hobbs - Relief Caretaker

for the Ye	ar E ded3 March 2 2
						31.3.23	31.3.22
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes				6
INCOME	AND ENDOWMENTS	FROM
Donations	and legacies			4,814	64,258	69,072	68,534
Other trading activities				119,444	15,885	135,329	109,440
Investment	income			864	744	1,608	39
Other income				2,065		2,065	12,334
Total				127,187	80,887	208,074	190,347
EXPENDITURE ON
Charitable	activities
Costs				122,714	85,443	208,157	179,804
Other					22,625	22,625	24,100
Total				122,714	108,068	230,782	203,904
NET INCOME/(EXPENDITURE)				4,473	(27,181)	(22,708)	(13,557)
RECONCILIATION OF FUNDS
Total funds	brought forward			164,047	775,844	939,891	953,448
TOTAL FUNDS CARRIED liORWARD				168,520	748,663	917,183

alance Sheet 31March 2023.
				31.3.23	31.3.22
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets		7,528	679,634	687,162	709,515
CURRENT ASSETS
Debtors		18,429	4,988	23,417	19,630
Cash at bank and in hand		185,503	67,809	253,312	253,741
		203,932	72,797	276,729	273,371
CREDITORS
Amounts falling due within one year	10	(13,789)	(3,768)	(17,557)	(17,143)
NET CURRENT ASSETS		190,143	69,029	259,172	256,228
TOTAL ASSETS LESSCURRENT	LIABILITIES	197,671	748,663	946,334	965,743
PROVISIONS FOR LIABILITIES		(29,151)		(29,151)	(25,852)
NET ASSETS		168,520	748,663	917,183	939,891
FUNDS	12
Unrestricted funds				168,520	164,047
Restricted funds				748,663	775,844
TOTAL FUNDS				917,183	939,891

Tangible	flxed assets	flxed assets
Tangible	Fixed Assets are stated at historical cost less depreciation.		Depreciation	is provided on a straight-line	basis at rates
calculated	to write-oif the cost less residual	value ofeach asset over	its expected	life As follows:
				Rate of
			Over	depreciation
Buildings		Period	oflease
Car Park	surface/drainage		20years	5%
Furniture,	Fittings & Equipment	5 or	10years	20%or 10%

Notes to the Financial Statemeuts -continued	Notes to the Financial Statemeuts -continued
for the Year E dad 31March 2 23
	OTHER TRADING ACTIVITIES
		31.3.23	31.3.22
	Room and Hall hire	115,920	95,781
	Coffee Bar, Catering and lunch	6,217	3,401
	Course Fees	8,400	7,488
	Fundraising	3,524	1,729
	Hire ofEquipment	1,268	1,041
		135,329	109,440
3.	INVESTMENT INCOME
		31.3.23	31.3.22
	Deposit account interest	1,608	39
4.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure) is stated alter charging/(crediting);
		31.3.23	313.M
	Depreciation - owned assets	22.354	22,476

STAFFCOSTS	STAFFCOSTS
The average monthly number ofemployees		during the year was as follows;
			31.3.23	31.3.22
Crescent Resource Centre			4	4
Neighbourhood Learning	Centre		1	I
			5	5

COMPARATIVES F	OR THE ST	ATEMENT OF FINA	NCIAL ACTIVITIES
			Unrestricted	Resndcted	Total
			funds	funds	funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies			934	67,600	68,534
Other trading activities			100,911	8,529	109,440
investment income			21	18	39
Other income			11,259	1,075	12,334
Total			113,125	77,222	190,347
EXPENDITURE ON
Charitable activities
Costs			110,372	69,432	179,804
Other			24,100		24,100
Total			134,472	69,432	203,904
NET INCOME/(EXPENDITURE)			(21,347)	7,790	(13,557)
Transfers between funds			53,584	(53,584)
Net movement in funds			32,237	(45,794)	(13,557)
RECONCILIATION	OF FUNDS
Total funds brought forward			131,810	821,638	953,448
TOTAL FUNDS CARRIED FORWARD			164,047	775,844	939,891
TANGIBLE FIXEDASSETS
				Fixtures
			Long	and
			leasehold	fittings	Totals
COST
At 1 April 2022			1,027,873	115,022	1,142,895
Additions				1	1
Disposals				(700)	(700)
At 31 March 2023			1,027,873	114,323	1,142,196
DEPRECIATION
At I April 2022			329,382	103,998	433,380
Charge for year			19,038	3,316	22,354
Eliminated on disposal				(700)	(700)
At 31 March 2023			348,420	106,614	455,034
NET BOOK VALUE
At 31 March 2023			679,453	7,709	687,162
At 31 March 2022			698,491	11,024	709,515

for the	Year K ded 3 arch 20	Year K ded 3 arch 20	23	23
9.	DKBTORSt AMOUNTS		FALLING		DUE WITHIN ONE YEAR
												31.3.23	31.3.22
	Trade debtors											12,437	10,186
	Other debtors											21
	Prepayments and	accrued	income									10,959	9,444
												23,417	19,630
10.	CREDITORS: AMOUNTS			FALLING DUK		WITHIN ONE YEAR
												31.3.23	31.3.22
	Trade creditors											3,038	2,552
	Other creditors												10,187
	Accruals and deferred income											14,519	4,404
												17,557	17,143
11.	PROVISIONS FOR LIABILITIES
												31.3.23	31.3.22
	Provisions											29,151	25,852
	Building's Maintenance		&	Repair
												2023	2022
	Balance brought	forward April 01 2022										25,852	23,236
	Transfer in during the year											6, 150	6,150
												32,002	29,386
	Expenditure during the year											(2,851 )	(3,534)
												29,151	25,852
	A provision is maintained			to evenly	spread	estimated		expenditure	occurring	at	intervals	of more than	one year. This
	operated over a ten year cycle and 2121/23 was						the 10th year ofthe		current cycle.		The total amount to be		provided over	t
	ten years isf61,500and one tenth of				this amount		is set aside each year. Expenditure				on the	items concerned	is charged to	t
	Provision as and	when it occurs.
12.	MOVEMENT IN FUNDS
												Net
												movement	At
									At 1.4.22			in funds	31.3.23
												I
	Unrestricted funds
	General fund								140,812			4,473	145,285
	Projects									23,235			23,235
									164,047			4,473	168.520
	Restricted funds
	Leasehold Buildings								698,491			(19,308)	679,183
	Neighbourhood	Learning	Centre							76,121		(4,556)	71,565
	Fixtures, Fittings	&Equipment								119		(3,317)	(3,198)
	Centre fund									1,113			1,113
									775,844			(27,181)	748,663
	TOTAL FUNDS								939,891			(22,708)	917,183

							Incoming	Resources	Movement
							resources	expended	in funds f
Unrestricted funds
General fund							127,187	(122,714)	4,473
Restricted funds
Leasehold Buildings								(19,308)	(19,308)
Neighbourhood Fixtures, Fittings	Learning Centre &Equipment						80,887	(85,443) (3,317)	(4,556) (3,3I 7)
							80,887	(108,068)	(27,181)
TOTAL FUNDS							208,074	(230,782)	(22,708)
Comparatives for movement				in funds
							Net	Transfers
							movement	between	At
					At 1.4.21		in funds	funds	31.3.22
					f				f
Unrestricted funds
General fund					108,575		(21,347)	53,584	140,812
projects					23,235				23,235
					131,810		(21,347)	53,584	164,047
Restricted funds
Leasehold Buildings					689,864			8,627	698,491
Neighbourhood Fixtures, Fittings	Learning Centre & Equipment				129,686 225		7,790	(61,355) (106)	76,121 119
Centre fund					1,863			(750)	1,113
					821,638		7,790	(53,584)	775,844
TOTAL FUNDS					953,448		(13,557)		939,891
Comparative net	movement		in	funds, included	in the above are	as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
Unrestricted funds
General fund							113,125	(134,472)	(21,347)
Restricted funds
Neighbourhood	Learning	Centre					77,222	(69,432)	7,790
TOTAL FUNDS							190,347	(203,904)	(13,557)

Name ofDirector	Relates to	Description ofInterest
Robert Ames	Self	Trustee ofEarley Charity
Robert Atnes	Self	Trustee ofEarleyBus
Philip Hooper	Self	Trustee ofEarley Charity
Anthony Henty	Self	Treasurer ofEarleyBus

for the Year K	ded		31March 2023
				31.3.23	31.3.22
				f
INCOME AND ENDOWMENTS
Donations and	legacies
Donations				4,814	934
Grants				64,258	67,600
				69,072	68,534
Other trading activities
Room and Hall hire				115,920	95,781
Coffee Bar, Catering			and lunch	6,217	3,401
Course Fees				8,400	7,488
Fundraising				3,524	1,729
Hire ofEquipment				1,268	1,041
				135,329	109,440
Investment income
Deposit account	interest			1,608	39
Other income
Government Grant					11,336
Sundry income				2,065	998
				2,065	12,334
Total incoming	resources			208,074	190,347
EXPENDITURE
Charitable activities
Wages				112,617	105,548
Social security				2,475	3,345
Pensions				6,376	5,990
Rates				1,004	1,004
Insurance				5,590	5,291
Utilities				9,673	10,513
Telephone				3,516	2,873
Equipment &stationery				3,591	3,182
Advertising				566	419
Repairs &renewals				10,726	10,165
Coffee bar &catering				1,856	1,106
Course fees				12,918	6,227
Tutor fees				20,896	12,971
Staff&Volunteers		exps			88
Admin. &.Offic costs				9,145	7,986
Outsourcing				3,107	2,675
Sundry expenses				1,208	6
Training costs					415
Accountancy &	I.E.			1,620
Bad debt				29
				206,913	179,804
Support costs

Eerier Cr cent Communi Associati n
Detaiged Statement ofFinancial Activities
for the Year Ended 31 lWarch 2023
	31.3.23	31.3.22
Support costs
Finance
Bank charges	114	124
Governance costs
Postage and stationery	1,130
Auditors Remuneration		1,500
Long leasehold	19,308	19,057
Fixtures and fittings	3,317	3,419
	23,755	23,976
Total resources expended	230,782	203,904
Net expenditure	("v,708)	(13,557)