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2021-03-31-accounts

The Mount Pleasant Centre

Charity No. 1135873

Company No. 06136043

Trustees' Report and Unaudited Accounts

31 March 2021

The Mount Pleasant Centre Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Summary Income and Expenditure Account 7
Balance Sheet 8
Statement of Cash flows 9
Notes to the Accounts 10 to 16
Detailed Statement of Financial Activities 17 to 18

Page 1

The Mount Pleasant Centre Trustees Annual Report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 06136043

Charity No. 1135873

Registered Office

1a Mount Pleasant Bradford On Avon Wiltshire BA15 1SJ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

J.W. Brockbank

J.A. Hazell A.B. Keating J.D. Parker R. Pound

N.S. Rapson M. Roberts D.N.J. Robins N. Wearing

Accountants

Davey Accounting Services 11 Abrahams Close Trowbridge Wiltshire BA14 0ND

OBJECTIVES AND ACTIVITIES

Objectives and aims

  1. To advance education and to provide facilities in the interest welfare for recreation and leisure time occupation with the object of improving the conditions of life for the inhabitants of Bradford on Avon and the neighbourhood.

  2. To maintain and manage the Mount Pleasant Centre (Whether in co-operation with any local authority or other person or body) in furtherance of these objectives.

  3. To promote such other charitable purposes for the inhabitants of Bradford on Avon and the neighbourhood as the Trustees may from time to time determine.

Public Benefit

Page 2

The Mount Pleasant Centre Trustees Annual Report

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. Maintaining the Centre on the higher side of the town offers the potential for further enrichment activities close to one of the Primary Schools and the main Secondary School population.

ACHIEVEMENTS AND PERFORMANCE

During the financial year the Board of Trustees were unable to hire out the rooms because of the lockdown imposed by Her Majesty's Government.

This lockdown meant that the boxing in of the central heating pipes and the redecoration of the ground floor of the Centre could be carried out, between January and March 2021, without interruption. This was ably carried out by two of the Trustees and two helpers in a very professional manner.

Once finished and our regular clients (Room Hirers) returned and possible new clients viewed the premises they gave it (THE WOW FACTOR)

The Trustees, during the previous years, arrange two loans from HSBC for £75,000 and £25,000. Which were serviced at £1,500 Per month in total. During the lockdown the Board of Trustees were offered a 4 month "Holiday" from servicing the loan which they accepted. Once the "Holiday" was over HSBC would not extend the period of the loan which meant that the monthly payment was increased from £1,500 to £1,815.

The Board of Trustees are pleased to report that the INCOME over EXPENDITURE is £18,229 for the financial year.

FINANCIAL REVIEW

Reserves policy

The Trustees maintain reserves at a level they consider appropriate.

Income from rent, resident's car parking and room hire (Including the contribution from the Club) was at a level which ensures that all outgoings, including loan repayments, are met on a regular basis.

In response to the Coronavirus Pandemic and National lockdowns, the Trustees have accessed the financial solvency of the charity and its going concern and have successfully achieved the following actions in support of this.

  1. In April 2020, the Charity applied, through Wiltshire Council, for the Government backed COVID-19 Business support grants and, received £20,532 in financial support.

  2. The Trustees have checked outgoing costs and have taken on suppliers whose prices were advantageous to the charity or have done work themselves where the only costs were materials used.

As a consequence of these actions, the Charity will move into the next financial year with surplus cash resources and no outstanding liabilities.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Approved by order of the board of Trustees and signed on its behalf by:

Page 3

The Mount Pleasant Centre Trustees Annual Report

D.N.J. Robins Trustee 06 December 2021

Page 4

The Mount Pleasant Centre Independent Examiners Report

Independent Examiner's Report to the trustees of The Mount Pleasant Centre

I report to the charity trustees on my examination of the accounts of The Mount Pleasant Centre for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (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 charity 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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.

Michael O'Neill 5 Birch Grove Bowerhill Melksham Wiltshire

SN12 6SB

06 December 2021

Page 5

The Mount Pleasant Centre Statement of Financial Activities

for the year ended 31 March 2021

Notes
Income and endowments
from:
Charitable activities
3
Other
4
Total
Expenditure on:
Charitable activities
5
Other
6
Total
Net gains on investments
Net income
7
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2021
£
11,805
21,949		 Total funds
2021
£
11,805
21,949		 Total funds
2020
£
23,643
8,500
33,754
8,340
7,185		 33,754
8,340
7,185		 32,143
15,950
7,536
15,525
-		 15,525
-		 23,486
-
18,229
-		 18,229
-		 8,657
-
18,229 18,229 8,657
18,229
247,898		 18,229
247,898		 8,657
239,241
266,127 266,127 247,898

Page 6

The Mount Pleasant Centre Summary Income and Expenditure Account

for the year ended 31 March 2021

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2021
£
33,754
33,754
8,340
7,185
15,525
18,229
18,229		 2020
£
32,143
32,143
15,950
7,536
23,486
8,657
8,657

Page 7

The Mount Pleasant Centre Balance Sheet

at 31 March 2021

Company No.
06136043
Notes
2021
£
Fixed assets
Tangible assets
8
260,729
Investments
9
1
260,730
Current assets
Debtors
10
17,167
Cash at bank and in hand
6,508
23,675
Creditors:Amount falling due within one year
11
(18,278)
Net current assets/(liabilities)
5,397
Total assets less current liabilities
266,127
Creditors:Amounts falling due after more than one year
12
-
Net assets excluding pension asset or liability
266,127
Total net assets
266,127
The funds of the charity
Restricted funds
13
Unrestricted funds
13
General funds
266,127
266,127
Reserves
13
Total funds
266,127		 2020
£
267,914
1
267,915
9,953
1,849
11,802
(19,409)
(7,607)
260,308
(12,410)
247,898
247,898
247,898
247,898
247,898

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 06 December 2021

And signed on its behalf by:

D.N.J. Robins

Trustee

06 December 2021

Page 8

The Mount Pleasant Centre Statement of Cash flows for the year ended 31 March 2021

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase in trade and other receivables
Increase in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Cash flows from financing activities
Repayment of borrowings
Net cash (used in)/from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2021
£
18,229
7,185
(21,949)
(7,214)
921
(2,828)
21,949
21,949
(14,462)
(14,462)
4,659
1,849
6,508
6,508
6,508		 2020
£
8,657
7,536
(8,500)
(9,953)
2,315
55
8,500
8,220
29,504
29,504
37,779
-
37,779
1,849
1,849

Page 9

The Mount Pleasant Centre Notes to the Accounts

for the year ended 31 March 2021

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the the trustees.

Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Incoming resources

All Incoming resources are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; the monetary value can be measured with sufficient reliability.

Grants and donations are only included in the the SoFA when the general income recognition criteria are met.

Resources expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs 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.

Taxation

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

Tangible fixed assets and depreciation

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

useful life:
Freehold property 2% on straight line basis
Fixtures and fittings 25% on reducing balance

Page 10

The Mount Pleasant Centre

Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Charitable activities
Other
Total
Expenditure on:
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from charitable activities
Maintain and manage
property
4
Other income
Rent from Mount Pleasant
Club
Coronavirus Grants		 Unrestricted
£
11,805
11,805
Unrestricted
£
1,417
20,532
21,949		 Unrestricted
funds
2020
£
23,643
8,500
32,143
23,486
23,486
8,657
8,657
8,657
239,241
247,898
Total
2021
£
11,805
11,805
Total
2021
£
1,417
20,532
21,949		 Total funds
2020
£
23,643
8,500
32,143
23,486
23,486
8,657
8,657
8,657
239,241
247,898
Total
2020
£
23,643
23,643
Total
2020
£
8,500
-
8,500

Page 11

The Mount Pleasant Centre

Notes to the Accounts

5 Expenditure on charitable activities

Expenditure on charitable
activities
Maintain and manage
property
Governance costs
Bookkeeping and other
professional fees
6
Other expenditure
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
7
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
8
Tangible fixed assets
Cost or revaluation
At 1 April 2020
At 31 March 2021
Depreciation and
impairment
At 1 April 2020
Depreciation charge for the
year
At 31 March 2021
Net book values
At 31 March 2021
At 31 March 2020		 Unrestricted
£
6,582
1,758
8,340
Unrestricted
£
7,185
7,185
2021
£
7,185
Land and
buildings
£
306,572
306,572
42,875
6,131
49,006
257,566
263,697		 Total
2021
£
6,582
1,758
8,340
Total
2021
£
7,185
7,185
Fixtures and
fittings
£
10,154
10,154
5,937
1,054
6,991
3,163
4,217		 Total
2020
£
13,728
2,222
15,950
Total
2020
£
7,536
7,536
2020
£
7,536
Total
£
316,726
316,726
48,812
7,185
55,997
260,729
267,914

Page 12

The Mount Pleasant Centre Notes to the Accounts

9 Investments

Cost or revaluation
At 1 April 2020
At 31 March 2021
Net book values
At 31 March 2021
At 31 March 2020
10 Debtors
Other debtors
Prepayments and accrued income
11 Creditors:
amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Other creditors
Accruals and deferred income		 2021
£
16,452
715
17,167
2021
£
15,042
1,919
1
1,316
18,278		 Other
investments
- Listed
£
1
1
1
1		 Total
£
1
1
1
1
2020
£
9,953
-
9,953
2020
£
17,094
564
1
1,750
19,409
12 Creditors:
amounts falling due after more than one year
Bank loans and overdrafts		 2021
£
-
-		 2020
£
12,410
12,410

Page 13

The Mount Pleasant Centre Notes to the Accounts

13 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds
14 Analysis of net assets between funds
Fixed assets
Investments
Net current assets
15 Reconciliation of net debt
Cash and cash equivalents
Bank loans
Net debt		 At 1 April
2020
247,898
247,898		 Incoming
resources
(including
other
gains/losses
)
£
33,754
33,754
At 1 April
2020
£		 Resources
expended
£
(15,525)
(15,525)
Unrestricted
funds
£
260,729
1
5,397
266,127
Cash flows
£		 At 31
March
2021
£
266,127
266,127
Total
£
260,729
1
5,397
266,127
At 31
March
2021
£
1,849 4,659 6,508
1,849
(29,504)
(29,504)
(27,655)		 4,659
14,462
14,462
19,121		 6,508
(15,042)
(15,042)
(8,534)

Page 14

The Mount Pleasant Centre Notes to the Accounts

16 Related party disclosures

Related party disclosures
2021 2020
Transactions with related parties £ £
Name of related party Mount Pleasant Club Ltd
Description of transaction
and general amounts Rent
involved
Amount due from/(to) the related party 1,417 8,500
Name of related party Mount Pleasant Club Ltd
Description of transaction
and general amounts Owed the charity
involved
Amount due from/(to) the related party 16,452 9,660
Controlling party

The trustees consider that the charity is jointly controlled by the trustees and that there is no single ultimate controlling party.

Page 15

The Mount Pleasant Centre Detailed Statement of Financial Activities

for the year ended 31 March 2021

Income and endowments from:
Charitable activities
Maintain and manage property
Other
Rent from Mount Pleasant Club
Coronavirus Grants
Total income and endowments
Expenditure on:
Charitable activities
Maintain and manage property
Governance costs
Bookkeeping and other
professional fees
Total of expenditure on charitable
activities
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Fixtures and
fittings
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds		 Unrestricted
funds
2021
£
11,805
11,805
1,417
20,532
21,949
33,754
6,582
6,582
1,758
1,758
8,340
6,131
1,054
7,185
7,185
15,525
-
18,229
18,229
-
18,229		 Total funds
2021
£
11,805
11,805
1,417
20,532
21,949
33,754
6,582
6,582
1,758
1,758
8,340
6,131
1,054
7,185
7,185
15,525
-
18,229
18,229
-
18,229		 Total funds
2020
£
23,643
23,643
8,500
-
8,500
32,143
13,728
13,728
2,222
2,222
15,950
6,131
1,405
7,536
7,536
23,486
-
8,657
8,657
-
8,657

Page 16

The Mount Pleasant Centre Detailed Statement of Financial Activities

The Mount Pleasant Centre
Detailed Statement of Financial Activities
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 247,898
266,127		 247,898
266,127		 239,241
247,898

Page 17