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2022-03-31-accounts

The Mount Pleasant Centre

Charity No. 1135873

Company No. 06136043

Trustees' Report and Unaudited Accounts

31 March 2022

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 14
Detailed Statement of Financial Activities 15 to 16

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 2022.

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:

S. Blackwell

J.W. Brockbank

J.A. Hazell A.B. Keating J.D. Parker (Resigned 28 October 2021) R. Pound (Resigned 29 March 2022) N.S. Rapson M. Roberts D.N.J. Robins K. Vigar 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.

Page 2

The Mount Pleasant Centre

Trustees Annual Report

  1. 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

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 first Covid lockdown period the opportunity was taken to redecorate/refurbish the interior of the social club buidling. During the second Covid lockdown period the opportunity was taken to box in central heating pipes and redecorate the whole of the ground floor of the Centre building. All this work was carried out by a small group of unpaid volunteers at a cost of materials only thus saving over £10,000 if it had been carried out by a contractor. The result is that both buildings are now fully decorated and refurbished to a high standard such that regular users and possible new users are impressed.

Lettings of the rooms in the centre (average of 24 hours per week) are now higher than before lockdown.

Government Covid Grants - The Trustees are extremely grateful for the grants given out by the Government, which meant that all financial obligations were met without having to ask our bankers for overdraft facilities.

Bank Loan - In 2015 the Trustees secured a loan of £100,000 from our Bankers to finance the renovation of the inside of the centre building. This work involved new toilets at both ends of the building, new central heating throughout, a new staircase renovation of two upstairs offices. The loan was to be paid back over a seven year period and it is pleasing to report that the last monthly instalment was made in December 2021, such that the centre is now debt free.

The Board of Trustees - Cllr Jennie Parker and Rachel Pound resigned from the Board, our thanks are given to them for their service. The Board welcomes Cllrs Katie Vigar and Sam Blackwell to the Board.

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 £11,447 (2021 - £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.

Page 3

The Mount Pleasant Centre Trustees Annual Report

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:

D.N.J. Robins Trustee 05 December 2022

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 financial statements of The Mount Pleasant Centre for the year ended 31 March 2022 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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements 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 financial statements 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 financial statements to be reached.

Michael O'Neill 5 Birch Grove Bowerhill Melksham Wiltshire

SN12 6SB

05 December 2022

Page 5

The Mount Pleasant Centre Statement of Financial Activities

for the year ended 31 March 2022

Notes
Income and endowments
from:
Charitable activities
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
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
2022
£
21,854
17,822		 Total funds
2022
£
21,854
17,822		 Total funds
2021
£
11,805
21,949
39,676
13,492
6,921		 39,676
13,492
6,921		 33,754
8,340
7,185
20,413
-		 20,413
-		 15,525
-
19,263
-		 19,263
-		 18,229
-
19,263 19,263 18,229
19,263
266,127		 19,263
266,127		 18,229
247,898
285,390 285,390 266,127

Page 6

The Mount Pleasant Centre Summary Income and Expenditure Account

for the year ended 31 March 2022

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		 2022
£
39,676
39,676
13,492
6,921
20,413
19,263
19,263		 2021
£
33,754
33,754
8,340
7,185
15,525
18,229
18,229

Page 7

The Mount Pleasant Centre Balance Sheet

at 31 March 2022

Company No.
06136043
Notes
2022
£
Fixed assets
Tangible assets
10
253,808
Investments
11
1
253,809
Current assets
Debtors
12
17,676
Cash at bank and in hand
16,318
33,994
Creditors:Amount falling due within one year
13
(2,413)
Net current assets
31,581
Total assets less current liabilities
285,390
Net assets excluding pension asset or liability
285,390
Total net assets
285,390
The funds of the charity
Restricted funds
14
Unrestricted funds
14
General funds
285,390
285,390
Reserves
14
Total funds
285,390		 2021
£
260,729
1
260,730
17,167
6,508
23,675
(18,278)
5,397
266,127
266,127
266,127
266,127
266,127
266,127

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 2022 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 05 December 2022

And signed on its behalf by:

D.N.J. Robins Trustee

05 December 2022

Page 8

The Mount Pleasant Centre Statement of Cash flows for the year ended 31 March 2022

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
(Decrease)/Increase in trade and other payables
Net cash provided by/(used in) 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 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		 2022
£
19,263
6,921
(17,822)
(509)
(2,587)
5,266
17,822
17,822
(15,042)
(15,042)
8,046
6,508
14,554
16,318
16,318		 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

Page 9

The Mount Pleasant Centre Notes to the Accounts

for the year ended 31 March 2022

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:

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

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 10

The Mount Pleasant Centre

Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Charitable activities
Other
Total
Expenditure on:
Charitable activities
Other
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
4
Income from charitable activities
Maintain and manage
property
5
Other income
Rent from Mount Pleasant
Club
Coronavirus Grants		 Unrestricted
£
21,854
21,854
Unrestricted
£
6,375
11,447
17,822		 Unrestricted
funds
2021
£
11,805
21,949
33,754
8,340
7,185
15,525
18,229
18,229
18,229
247,898
266,127
Total
2022
£
21,854
21,854
Total
2022
£
6,375
11,447
17,822		 Total funds
2021
£
11,805
21,949
33,754
8,340
7,185
15,525
18,229
18,229
18,229
247,898
266,127
Total
2021
£
11,805
11,805
Total
2021
£
1,417
20,532
21,949

Page 11

The Mount Pleasant Centre Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable
activities
Maintain and manage
property
Governance costs
Bookkeeping and other
professional fees
7
Other expenditure
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
8
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
9
Staff costs
No employee received emoluments in excess of £60,000.
10 Tangible fixed assets
Cost or revaluation
At 1 April 2021
At 31 March 2022
Depreciation and
impairment
At 1 April 2021
Depreciation charge for the
year
At 31 March 2022
Net book values
At 31 March 2022
At 31 March 2021		 Unrestricted
£
11,479
2,013
13,492
Unrestricted
£
6,921
6,921
2022
£
6,921
Land and
buildings
£
306,572
306,572
49,006
6,131
55,137
251,435
257,566		 Total
2022
£
11,479
2,013
13,492
Total
2022
£
6,921
6,921
Fixtures and
fittings
£
10,154
10,154
6,991
790
7,781
2,373
3,163		 Total
2021
£
6,582
1,758
8,340
Total
2021
£
7,185
7,185
2021
£
7,185
Total
£
316,726
316,726
55,997
6,921
62,918
253,808
260,729

Page 12

The Mount Pleasant Centre Notes to the Accounts

11 Investments

Cost or revaluation
At 1 April 2021
At 31 March 2022
Net book values
At 31 March 2022
At 31 March 2021
12 Debtors
Other debtors
Prepayments and accrued income
13 Creditors:
amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Other creditors
Accruals
14 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds		 At 1 April
2021
266,127
266,127		 2022
£
16,784
892
17,676
2022
£
-
(668)
1
3,080
2,413
Incoming
resources
(including
other
gains/losses
)
£
39,676
39,676		 Other
investments
- Listed
£
1
1
1
1
Resources
expended
£
(20,413)
(20,413)		 Total
£
1
1
1
1
2021
£
16,452
715
17,167
2021
£
15,042
1,919
1
1,316
18,278
At 31
March
2022
£
285,390
285,390

Page 13

The Mount Pleasant Centre Notes to the Accounts

15 Analysis of net assets between funds

Fixed assets
Investments
Net current assets
16 Reconciliation of net debt
Cash and cash equivalents
Bank loans
Net debt		 At 1 April
2021
£		 Unrestricted
funds
£
253,808
1
31,581
285,390
Cash flows
£		 Total
£
253,808
1
31,581
285,390
At 31
March
2022
£
6,508 9,810 16,318
6,508
(15,042)
(15,042)
(8,534)		 9,810
15,042
15,042
24,852		 16,318
-
-
16,318
17 Related party disclosures
Transactions with related parties
Name of related party
Mount Pleasant Club Ltd
Description of transaction
and general amounts
involved
Rent
Amount due from/(to) the related party
Name of related party
Mount Pleasant Club Ltd
Description of transaction
and general amounts
involved
Owed the charity
Amount due from/(to) the related party
Controlling party		 2022
£
6,375
30,162		 2021
£
1,417
16,452

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

Page 14

The Mount Pleasant Centre Detailed Statement of Financial Activities

for the year ended 31 March 2022

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
2022
£
21,854
21,854
6,375
11,447
17,822
39,676
11,479
11,479
2,013
2,013
13,492
6,131
790
6,921
6,921
20,413
-
19,263
19,263
-
19,263		 Total funds
2022
£
21,854
21,854
6,375
11,447
17,822
39,676
11,479
11,479
2,013
2,013
13,492
6,131
790
6,921
6,921
20,413
-
19,263
19,263
-
19,263		 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

Page 15

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		 266,127
285,390		 266,127
285,390		 247,898
266,127

Page 16