**REGISTERED COMPANY NUMBER: 05015149 (England and Wales) REGISTERED CHARITY NUMBER: 1108051**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021**
## **FOR**
## **BUNGAY COMMUNITY CENTRE**
van Dijk Accountants 11 Trinity Street Bungay Suffolk NR35 1EH
**BUNGAY COMMUNITY CENTRE**
## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 28 February 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Statement of Financial Position**|5 to 6|
|**Notes to the Financial Statements**|7 to 12|
|**Detailed Statement of Financial Activities**|13|
**BUNGAY COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES**
## **for the Year Ended 28 February 2021**
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 28 February 2021. 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 of the charity**
To promote the benefit of the inhabitants of Bungay and the neighbourhood without distinction of sex, sexual orientation, race or of 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.
## **Main activities undertaken for the public benefit**
Having commenced construction of the new community centre in early February 2020, work ground to a halt at the start of lockdown. When it resumed some six weeks later, there were issues with the supply of material, mainly the windows. However once they were installed, progress was speedy. The builders are keen to complete the project as soon as possible, because a condition of the planning approval is for the new building to be serviceable before the old is closed. Of course, with various national closures the old centre has hardly been used, though the Food bank has remained and for some week last summer, we became a vegetable packing station, aiding one of the local shops with storage and room for packing. We have been blessed with some Government COVID grants, which have proved useful income whilst we have been closed to hirers.
## **ACHIEVEMENT AND PERFORMANCE**
## **Achievements of the charity during the year**
The Bungay Street Markets, which are a good source of income and publicity for us, were cancelled. As the chairman had already planted the seeds for the plants to sell at the markets, she arranged for a sale to take place outside her house. With the aid of some advertising on Facebook and the fact all garden centres were closed, there were queues of cars along the road and £530 was raised, to be shared with the East Anglian Air Ambulance. Because of restrictions, no other fundraising activities have taken place.
## **FINANCIAL REVIEW**
## **Reserves policy**
It is the trustees policy to maintain reserves at a level it considers necessary to meet cash flow requirements.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
New trustees are recruited and appointed by existing trustees.
## **Risk management**
The trustees have a duty 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.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
05015149 (England and Wales)
## **Registered Charity number**
1108051
Page 1
**BUNGAY COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES**
## **for the Year Ended 28 February 2021**
## **Registered office**
11 Trinity Street Bungay Suffolk NR35 1EH
## **Trustees**
Mrs R L Botham Mrs J Cloke M Evans Mrs S M Knights K W Parker (resigned 5.6.20) C L Reeve (resigned 8.10.20) Mrs B Herring S Honeywood S G Went (appointed 17.9.20) Ms J L Groom (appointed 21.6.20)
## **Company Secretary**
M Evans
## **Independent Examiner**
van Dijk Accountants 11 Trinity Street Bungay Suffolk NR35 1EH
## **CHANGE OF NAME**
The charitable company passed a special resolution on 26 April 2021 changing its name from Bungay Honeypot Centre to Bungay Community Centre.
Approved by order of the board of trustees on 9 June 2021 and signed on its behalf by:
M Evans - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUNGAY COMMUNITY CENTRE**
## **Independent examiner's report to the trustees of Bungay Community Centre ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FMAAT which is one of the listed bodies.
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.
J van Dijk FMAAT van Dijk Accountants 11 Trinity Street Bungay Suffolk NR35 1EH
9 June 2021
Page 3
**BUNGAY COMMUNITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **for the Year Ended 28 February 2021**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
385,491
Other trading activities
2
2,990
Other income
-
**Total**
388,481
**EXPENDITURE ON**
Raising funds
7,903
**NET INCOME**
380,578
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
59,961
**TOTAL FUNDS CARRIED FORWARD**
440,539|Restricted
fund
£
-
-
-
-
-
-
2,582
2,582|28.2.21
Total
funds
£
385,491
2,990
-
388,481
7,903
380,578
62,543
443,121|28.2.20
Total
funds
£
3,153
15,792
264
19,209
13,959
5,250
57,293
62,543|
|---|---|---|---|
The notes form part of these financial statements
Page 4
**BUNGAY COMMUNITY CENTRE**
## **STATEMENT OF FINANCIAL POSITION**
## **28 February 2021**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
397,100
**CURRENT ASSETS**
Stocks
7
150
Debtors
8
105
Cash at bank
74,488
74,743
**CREDITORS**
Amounts falling due within one year
9
(5,388)
**NET CURRENT ASSETS**
69,355
**TOTAL ASSETS LESS CURRENT LIABILITIES**
466,455
**CREDITORS**
Amounts falling due after more than one year
10
(25,916)
**NET ASSETS**
440,539
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
2,582
2,582
-
2,582
2,582
-
2,582|28.2.21
Total
funds
£
397,100
150
105
77,070
77,325
(5,388)
71,937
469,037
(25,916)
443,121
440,539
2,582
443,121|28.2.20
Total
funds
£
47,340
150
1,538
34,193
35,881
(5,387)
30,494
77,834
(15,291)
62,543
59,961
2,582
62,543|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 5
**BUNGAY COMMUNITY CENTRE**
## **STATEMENT OF FINANCIAL POSITION - continued**
## **28 February 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 9 June 2021 and were signed on its behalf by:
M Evans - Trustee
The notes form part of these financial statements
Page 6
**BUNGAY COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 28 February 2021**
## **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.
## **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.
Equipment and fittings
- 25% on reducing balance
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **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.
continued...
Page 7
**BUNGAY COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued**
## **for the Year Ended 28 February 2021**
## **2. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||28.2.21|28.2.20|
||£|£|
|Hirings|2,661|14,613|
|Fundraising|329|1,179|
||2,990|15,792|
|**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|28.2.21
£
568|28.2.20
£
757|
## **3. NET INCOME/(EXPENDITURE)**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 28 February 2021 nor for the year ended 28 February 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 28 February 2021 nor for the year ended 28 February 2020.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2,973
180
Other trading activities
15,792
-
Other income
264
-
**Total**
19,029
180
**EXPENDITURE ON**
Raising funds
12,334
1,625
**NET INCOME/(EXPENDITURE)**
6,695
(1,445)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
53,266
4,027
**TOTAL FUNDS CARRIED FORWARD**
59,961
2,582|Total
funds
£
3,153
15,792
264
19,209
13,959
5,250
57,293
62,543|
|---|---|
continued...
Page 8
**BUNGAY COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2021**
## **6. TANGIBLE FIXED ASSETS**
|**COST**
At 29 February 2020
Additions
At 28 February 2021
**DEPRECIATION**
At 29 February 2020
Charge for year
At 28 February 2021
**NET BOOK VALUE**
At 28 February 2021
At 28 February 2020
**7.**
**STOCKS**
Stocks
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other loans (see note 11)
Accrued expenses|Equipment
and
Building
fittings
£
£
45,063
11,025
350,328
-
395,391
11,025
-
8,748
-
568
-
9,316
395,391
1,709
45,063
2,277
28.2.21
£
150
28.2.21
£
105
28.2.21
£
4,667
721
5,388|Totals
£
56,088
350,328
406,416
8,748
568
9,316
397,100
47,340
28.2.20
£
150
28.2.20
£
1,538
28.2.20
£
4,667
720
5,387|
|---|---|---|
continued...
Page 9
**BUNGAY COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2021**
|**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Other loans (see note 11)
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
Amounts falling between one and two years:
Other loans - 1-2 years
Amounts falling due between two and five years:
Other loans - 2-5 years
**12.**
**MOVEMENT IN FUNDS**
At
29.2.20
£
**Unrestricted funds**
General fund
59,961
**Restricted funds**
Youth club
2,582
**TOTAL FUNDS**
62,543
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
388,481
**TOTAL FUNDS**
388,481|28.2.21
28.2.20
£
£
25,916
15,291
28.2.21
28.2.20
£
£
4,667
4,667
9,333
9,333
16,583
5,958
Net
movement
At
in funds
28.2.21
£
£
380,578
440,539
-
2,582
380,578
443,121
Resources
Movement
expended
in funds
£
£
(7,903)
380,578
(7,903)
380,578|
|---|---|
continued...
Page 10
**BUNGAY COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2021**
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
||||Net||
|---|---|---|---|---|
|||movement||At|
||At 1.3.19||in funds|28.2.20|
||£||£|£|
|**Unrestricted funds**|||||
|General fund|53,266||6,695|59,961|
|**Restricted funds**|||||
|Youth club|4,027||(1,445)|2,582|
|**TOTAL FUNDS**|57,293||5,250|62,543|
|Comparative net movement in funds, included in the above are as follows:|||||
|**Unrestricted funds**|Incoming
resources
£|Resources
expended
£||Movement
in funds
£|
|General fund|19,029||(12,334)|6,695|
|**Restricted funds**|||||
|Youth club|180||(1,625)|(1,445)|
|**TOTAL FUNDS**|19,209||(13,959)|5,250|
|A current year 12 months and prior year 12 months combined position is as follows:|||||
|**Unrestricted funds**|At 1.3.19
£|Net
movement
in funds
£||At
28.2.21
£|
|General fund|53,266||387,273|440,539|
|**Restricted funds**|||||
|Youth club|4,027||(1,445)|2,582|
|**TOTAL FUNDS**|57,293||385,828|443,121|
||||||
continued...
Page 11
**BUNGAY COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 28 February 2021**
## **12. 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:
|**Unrestricted funds**
General fund
**Restricted funds**
Youth club
**TOTAL FUNDS**|Incoming
resources
£
407,510
180
407,690|Resources
Movement
expended
in funds
£
£
(20,237)
387,273
(1,625)
(1,445)
(21,862)
385,828|
|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 28 February 2021.
Page 12
**BUNGAY COMMUNITY CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 28 February 2021**
||28.2.21|28.2.20|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations and gift aid|13,379|2,973|
|Grants|372,112|-|
|Youth Club|-|180|
|**Other trading activities**|385,491|3,153|
|Hirings|2,661|14,613|
|Fundraising|329|1,179|
|**Other income**|2,990|15,792|
|Exceptional items|-|264|
|**Total incoming resources**|388,481|19,209|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Opening stock|150|150|
|Closing stock|(150)|(150)|
|**Support costs**|-|-|
|**Management**|||
|Rates and water|611|539|
|Insurance|869|863|
|Light and heat|2,705|2,993|
|Premises maintenance|-|35|
|Postage and stationery|-|107|
|Caretaking|2,080|4,160|
|Sundries|13|249|
|Repairs and renewals|196|1,497|
|Waste and cleaning|141|146|
|Subscriptions and licences|-|268|
|Accountancy|720|720|
|Youth Club|-|1,625|
|Equipment and fittings|568|757|
||7,903|13,959|
|Total resources expended|7,903|13,959|
|**Net income**|380,578|5,250|
||||
This page does not form part of the statutory financial statements
Page 13