## **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:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under 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
- the accounts have not been prepared in accordance with the Charities SORP (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.
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**
- 1 **Accounting policies**
## **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