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2023-03-31-accounts

The Mount Pleasant Centre

Charity No. 1135873

Company No. 06136043

Trustees' Report and Unaudited Accounts

31 March 2023

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 2023.

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 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.

  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.

Page 2

The Mount Pleasant Centre Trustees Annual Report

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 financial year, ending 31st March 2023, there was a marked increase in the revenue received for hiring out rooms in the Centre. One week early in March 2023 the two main rooms were hired out for a total of 50 hours, a level significantly higher than ever before.

On the first floor of the centre building are two offices. During the year the tenants of office one decided to vacate and left on 31st December 2022 to work from home. Those tenants had been there for six years. New tenants moved in on 1st March 2023 which meant that office one was empty for just 2 months. The trustees are pleased to report that income exceeded expenditure by £15,304 during the financial year.

FINANCIAL REVIEW

Reserves policy

The Trustees maintain reserves at a level they consider appropriate.

The charity receives rent for the two offices upstairs in the centre building and from the Social club, which occupies a separate building on the site. In addition the Charity receives income from local residents parking their cars on the site and hiring out centre rooms.

The Trustees, because the Charity has had a good financial year, knows that it 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).

Signed on behalf of the board

D.N.J. Robins Trustee 31 March 2023

Page 3

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 2023 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 31 March 2023

Page 4

The Mount Pleasant Centre Statement of Financial Activities

for the year ended 31 March 2023

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
2023
£
37,729
102		 Total funds
2023
£
37,729
102		 Total funds
2022
£
21,854
17,822
37,831
14,623
6,786		 37,831
14,623
6,786		 39,676
13,492
6,921
21,409
-		 21,409
-		 20,413
-
16,422
-		 16,422
-		 19,263
-
16,422 16,422 19,263
16,422
285,390		 16,422
285,390		 19,263
266,127
301,812 301,812 285,390

Page 5

The Mount Pleasant Centre Summary Income and Expenditure Account

for the year ended 31 March 2023

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		 2023
£
37,831
37,831
14,623
6,786
21,409
16,422
16,422		 2022
£
39,676
39,676
13,492
6,921
20,413
19,263
19,263

Page 6

The Mount Pleasant Centre Balance Sheet

at 31 March 2023

Company No.
06136043
Notes
2023
£
Fixed assets
Tangible assets
10
247,271
Investments
11
1
247,272
Current assets
Debtors
12
15,229
Cash at bank and in hand
39,254
54,483
Creditors:Amount falling due within one year
13
57
Net current assets
54,540
Total assets less current liabilities
301,812
Net assets excluding pension asset or liability
301,812
Total net assets
301,812
The funds of the charity
Restricted funds
14
Unrestricted funds
14
General funds
301,812
301,812
Reserves
14
Total funds
301,812		 2022
£
253,808
1
253,809
17,676
16,318
33,994
(2,413)
31,581
285,390
285,390
285,390
285,390
285,390
285,390

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 2023 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 31 March 2023

And signed on its behalf by:

D.N.J. Robins Trustee

31 March 2023

Page 7

The Mount Pleasant Centre Statement of Cash flows for the year ended 31 March 2023

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
Decrease/(Increase) in trade and other receivables
Decrease in trade and other payables
Net cash provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash (used in)/from investing activities
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		 2023
£
16,422
6,786
(102)
2,447
(1,352)
24,201
(249)
102
(147)
-
24,054
16,318
40,372
39,254
39,254		 2022
£
19,263
6,921
(17,822)
(509)
(2,587)
5,266
-
17,822
17,822
(15,042)
8,046
6,508
14,554
16,318
16,318

Page 8

The Mount Pleasant Centre Notes to the Accounts

for the year ended 31 March 2023

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.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

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 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 SoFA when the general income recognition criteria are met.

Resources expended

Expenditure is accounted for on an accruals 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 9

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
£
29,229
8,500
37,729
Unrestricted
£
102
-
102		 Unrestricted
funds
2022
£
21,854
17,822
39,676
13,492
6,921
20,413
19,263
19,263
19,263
266,127
285,390
Total
2023
£
29,229
8,500
37,729
Total
2023
£
102
-
102		 Total funds
2022
£
21,854
17,822
39,676
13,492
6,921
20,413
19,263
19,263
19,263
266,127
285,390
Total
2022
£
21,854
-
21,854
Total
2022
£
6,375
11,447
17,822

Page 10

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 2022
Additions
At 31 March 2023
Depreciation and
impairment
At 1 April 2022
Depreciation charge for the
year
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022		 Unrestricted
£
11,013
3,610
14,623
Unrestricted
£
6,786
6,786
2023
£
6,786
Land and
buildings
£
306,572
-
306,572
55,137
6,131
61,268
245,304
251,435		 Total
2023
£
11,013
3,610
14,623
Total
2023
£
6,786
6,786
Fixtures and
fittings
£
10,154
249
10,403
7,781
655
8,436
1,967
2,373		 Total
2022
£
11,479
2,013
13,492
Total
2022
£
6,921
6,921
2022
£
6,921
Total
£
316,726
249
316,975
62,918
6,786
69,704
247,271
253,808

Page 11

The Mount Pleasant Centre Notes to the Accounts

11 Investments

Cost or revaluation
At 1 April 2022
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
12 Debtors
Other debtors
Prepayments and accrued income
13 Creditors:
amounts falling due within one year
Trade creditors
Other creditors
Accruals
14 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds		 At 1 April
2022
285,390
285,390		 2023
£
14,248
981
15,229
2023
£
(2,020)
1
1,962
(57)
Incoming
resources
(including
other
gains/losses
)
£
37,831
37,831		 Other
investments
- Listed
£
1
1
1
1
Resources
expended
£
(21,409)
(21,409)		 Total
£
1
1
1
1
2022
£
16,784
892
17,676
2022
£
(668)
1
3,080
2,413
At 31
March
2023
£
301,812
301,812

Page 12

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
Net debt		 At 1 April
2022
£		 Unrestricted
funds
£
247,271
1
54,540
301,812
Cash flows
£		 Total
£
247,271
1
54,540
301,812
At 31
March
2023
£
16,318 22,936 39,254
16,318
16,318		 22,936
22,936		 39,254
39,254
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		 2023
£
8,500
14,248		 2022
£
6,375
16,784

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

Page 13

The Mount Pleasant Centre Detailed Statement of Financial Activities

for the year ended 31 March 2023

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
2023
£
29,229
8,500
37,729
102
-
102
37,831
11,013
11,013
3,610
3,610
14,623
6,131
655
6,786
6,786
21,409
-
16,422
16,422
-
16,422		 Total funds
2023
£
29,229
8,500
37,729
102
-
102
37,831
11,013
11,013
3,610
3,610
14,623
6,131
655
6,786
6,786
21,409
-
16,422
16,422
-
16,422		 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

Page 14

The Mount Pleasant Centre Detailed Statement of Financial Activities

Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 285,390
301,812		 285,390
301,812		 266,127
285,390

Page 15