Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED
(A Company Limited by Guarantee)
Financial Statements 31 December 2022
Registered Company Number: 07461119 Registered Charity Number: 1142636
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Financial Statements for the Year Ended 31 December 2022
CONTENTS PAGE
| Page | |
|---|---|
| Legal and Administrative information | 3 |
| Trustees’ report | 4 –12 |
| Independent Examiners’ report | 13 - 14 |
| Statement of financial activities | 15 |
| Balance sheet | 16 |
| Notes | 17 – 25 |
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Legal and Administrative Information 31 December 2022
COMPANY REGISTERED NUMBER: 07461119 CHARITY REGISTERED NUMBER: 1142636
TRUSTEES / DIRECTORS:
Lisa Mytton Lucy Holmes Eloise O’Sullivan Toby Bicknell (resigned 1 February 2022) Sarah Miriam Cutler (appointed 3 May 2022) Bryony Elizabeth Barras (appointed 3 May 2022) Gavin Alain Musimbe-Rix (appointed 20 February 2023)
REGISTERED ADDRESS:
Old Boat Corner Community Centre Carden Park Carden Hill Brighton East Sussex BN1 8GN
BANKERS:
RBS 60 Castle Square Brighton BN1 1DX
INDEPENDENT EXAMINER:
Rachel Balchin FCA Bulldog Accounting Ltd 12 Brogdale Place Faversham Kent ME13 0AF
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Trustees Annual Report and Accounts 31 December 2022
ORGANISATIONAL STRUCTURE AND MANAGEMENT
The Old Boat Corner Community Association is a charitable company limited by guarantee: it was incorporated on 6th December 2010 and registered as a charity on 29[th] June 2011. It was established under a Memorandum of Association, which describes the objects and powers of the charitable company; it is governed under its Articles of Association. Under those Articles, the Trustees are elected from amongst the membership of the Association at the Annual General Meeting.
Trustees
The following trustees were elected by members at the Annual General Meeting on 2 August 2022:
Bryony Barrass
- Sarah Cutler
The following trustee was re-elected by members at the same meeting:
Lucy Holmes
The above are all Trustees and Company Directors.
Toby Bicknell, our Chair, stepped down on 1 February 2022 due to personal circumstances and then moving out of the area. We would like to thank Toby for all of his hard work and leadership since his involvement. He brought great planning, structure and vision to our work.
Ellie Tuck commenced maternity leave in August 2022.
Governance and decision making
Voluntary and not-for-profit associations and organisations which wish to support or further the aims of the Association may become affiliated groups on payment of an annual fee. Affiliated groups may nominate a representative to vote at general meetings.
The Trustees of the Association share the overall management of the Association and form the Trustee Board which meets every two months and oversees the running of the centre. The Centre Manager, Reyna Kothari is charged with day to day running and decision making of the centre, with guidance set by Trustees.
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Trustees Annual Report and Accounts 31 December 2022 (continued)
The duties and responsibilities of Trustees are explained to candidates before the elections at the AGM. The first Trustee Board meeting after the AGM is largely taken up by an induction session for newly elected Trustees. Trustees are encouraged to attend appropriate training provided by local organisations and to refer to appropriate sources of information, in particular the Charity Commission website.
OBJECTIVES AND ACTIVITIES
Objects
The principal activity of the company and its charitable objects is that of: promoting the benefit of the inhabitants of the local area (Patcham and Hollingbury Ward) by associating together the said inhabitants, the local authority, 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; establishing a community centre and maintaining and managing the same in furtherance of the above objects.
How Old Boat Corner Community Association’s activities deliver public benefit The main activity of the OBCCA is the management of Old Boat Corner Community Centre which provides facilities and amenities to the public which would not otherwise be available in the local area. As described in the following section on its activities, the Centre is well used by community groups and local residents.
RISK REVIEW
The Trustees have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are mitigated by the implementation of procedures for authorisation of all transactions and events and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are reviewed periodically to ensure that they still meet the needs of the charity.
Challenges in 2022
Trustees were alerted to the fact we were likely to reach the threshold for VAT registration in the first half of the year. We sought professional advice and tendered for a piece of work to help us achieve registration, submit our first return and put in place systems to enable us to make subsequent returns. We sought 3 quotes and commissioned Chariot House to work with us to achieve our aims. We registered for VAT in July and are satisfied that we are meeting our legal duties and will continue to do so.
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Trustees Annual Report and Accounts 31 December 2022 (continued)
RISK REVIEW (continued)
Trustees were alerted to the fact we were likely to reach the threshold for VAT registration in the first half of the year. We sought professional advice and tendered for a piece of work to help us achieve registration, submit our first return and put in place systems to enable us to make subsequent returns. We sought 3 quotes and commissioned Chariot House to work with us to achieve our aims. We registered for VAT in July and are satisfied that we are meeting our legal duties and will continue to do so.
The redevelopment of Carden Park by Brighton & Hove City Council, whilst a hugely welcome investment in the area, was a challenge for the centre during building works. We lost approximately £13,280 in income while the park was closed. However, we were proud to be able to advocate on the communities behalf around the timetable of the work and we put on extra activities and resources that the community could use for free to try to mitigate the park being closed over the summer period. We also prioritised our staff at this time, reassuring them we were not choosing to cut their hours and we re-prioritised their work where possible.
Another challenge was building on the success of the cafe and its increased usage. This meant we needed to upgrade kitchen equipment and cafe furniture away from domestic grade to being more commercial.
The increase in the revenue from our low-cost cafe and room hire has also brought a challenge in that we are not longer eligible for grants from various grant-making bodies with income thresholds. We are looking at ways to address this issue so that we can continue applying for sufficient grant income to provide our community services, through diversifying our fundraising and / or setting up a trading subsidiary.
Centre Manager and Staff
We added a new role to the staff team, a Community Kitchen, Pantry and Garden Coordinator, to help us implement our long held ambition to implement our community kitchen project. This post was successfully recruited in October for six months and we were lucky to employ two people who brought great skills in these areas.
The staff team has gone from strength to strength and for the first time we ran a wellbeing survey for staff and volunteers, which will become an annual survey. Line management and supervision structures were reviewed as a result and staff have attended training on subjects such as food hygiene and enjoyed socials to foster a sense of team and for trustees to be able to say thank you for their commitment.
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Trustees Annual Report and Accounts 31 December 2022 (continued)
The volunteer team has also grown significantly to around 20 people regularly volunteering. In addition, wee've held successful volunteer days for different companies and organisations. Volunteers continue to support various parts of our community projects and are essential to our work. We are very grateful for their time and energy.
We continue to be hugely grateful to our Centre Manager for the skills that she brings to managing the centre and all of its services to the community.
ACHIEVEMENTS IN 2022
Priorities for the year were:
-
Establish the Community Kitchen
-
Establish the Youth Group
-
Confirm VAT and accounts
-
Café / internal redo
Community Services
Providing services and opportunities to people in our diverse community remains a top priority for the organisation and we made great progress in 2022:
The Pantry - We increased Fareshare deliveries to twice a week, initially as a trial and then confirmed for the year. This meant we stopped topping it up from supermarket buys and managed the increase in demand in the best way possible. As we are open 9-5 every day, we are more accessible than most other provisions which means we have higher numbers of users. We started collections from Sainsbury's of food that would go to waste which volunteers collect 3 times a week and we continue to collect excess fruit and milk from the local school. As our visibility has increased through word of mouth and social media we have also found that we are supported more and more from individuals through donations on a weekly basis. The project has also encouraged other services to connect with us. This year we have partnered with Hey Girls. They have donated reusable and bio-degradable period products on a regular basis for us to distribute to the community.
Boatopia - Clothes donations have increased dramatically as well as the number of volunteers that help in the service. Public awareness has increased within the community and we have made partnerships with other charities to share donations to get rid of excess stock. Boatopia has gone from strength to strength.
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Trustees Annual Report and Accounts 31 December 2022 (continued)
Local Household Support Fund (HSF) - we continue to distribute funds through the HSF and support local people with food, heating and much more. The amount allocated to us to distribute in 2022 was £10,000.
Community Kitchen/ - We now provide pre-made meals to people that need the extra support as well as using any excess food (if any) from the pantry. We received funding from the National Lottery through partnership working with the Brighton and Hove Food Partnership which enabled us to try out some community food based events and also incorporate a compost tumbler in the community garden.
Free cinema nights - well established, weekly film which is well attended.
Youth Project - identified and refurbished a youth space as a first step (a locker room). We held a Young People’s Panel and the feedback gave up evidence that the youth project is needed. We received sponsorship from The Ladies Mile public house as well as the Patcham Community Foundation for the refurbishment.
Community Events - free Jubilee Events were held thanks to funding from the Arts Council for workshops for children throughout the holidays and also take part in a Jubilee Show. We had a Christmas Fayre and gave out toys for all local children, thanks to the OS&B Society. We were also able to put on three Christmas shows where all the childrenwent home with a present.
‘Pay as you feel’ men and boys haircuts and shaves - thanks to the wonderful offer from Barber George, we are able to offer free or donation short haircuts and shaves once a month at the centre.
Low-cost Soft Play - This weekly service for under 5s continued gto flourish with iot being consistently used week on week..
Low cost cafe - leading on from the previous year's huge turnaround in income bought in by the cafe, we did not see this slow down in 2022. We are now a staple in the community for good, low cost food and we have increased our staffing to reflect that.
Centre Infrastructure
A rent review for hirers was carried out.
Our CCTV system was upgraded in September which has enabled reassurance to staff when issues of antisocial behavior arise.
Cafe and lounge furniture was upgraded inside.
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Trustees Annual Report and Accounts 31 December 2022 (continued)
Our partnership project with Brighton & Hove City Council Energy Efficiency Project entered the implementation stage; we are working with the council to make the building more efficient and cheaper to run.
Governance
We held a successful Board Away Day held in September, with an additional budget session held in December, agreeing the Brighton Living Wage for cafe and cleaning staff. For the first time, we were able to create reserves, amounting to 3 months running costs should we need to close.
Groups using the centre
Various groups used the centre in 2022 and these are as follows:
5th Patcham Brownies and Guides B-RIGHT-ON Basketball Brighton Electors Brighton Guide Depot Carden Tots Childminders Group Edge Girlguiding Sussex Hollingbury Library Little Learners PW Performers Sama Karate Sparks Basketball Tumble Tots Drop in Soft Play Dragon Head Fencing Hollingbury Library Spun Glass Theatre Varndean Adult Education
We continue to hear that people are enjoying the centre, feeling supported by the services and to see it bustling with activities and people is the biggest reward for all of us. The centre receives around 3000 visits on average each month.
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Trustees Annual Report and Accounts 31 December 2022 (continued)
FINANCIAL REVIEW
The financial statements are set out on pages 15 to 25. 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).
Overview
The year ended 31st December 2022 saw a substantial increase in both income and expenditure at the charity, reflecting a busy year. Total income of £241,037 (2021: £144,724) was received, including a substantial increase in revenue from lettings and room hire, which has more than doubled in comparison to 2021. As a result, the organisation has now become registered for value added tax and began submitted returns in Summer 2022. The charity also received £43,983 in grant funding (£23,268 in 2021) which has helped to expand the activities undertaken.
The increased activities during the year have led to an increase in expenditure with a total of £230,615 being spent during the year (2021: £129,193). There has been an increase in staffing levels, with staff costs increasing from £65,642 in 2021 to £115,379 in 2022, again reflecting the increased demand for the charity’s services.
Overall, the charity recorded net income over expenditure of £10,422 (2021: £15,531). Of this, there was £13,917 net income over expenditure in restricted funds, and a deficit of £3,495 in unrestricted funds. At 31 December 2022, the charity holds £45,995 in unrestricted funds and £22,501 in restricted funds, a total of £68,496.
PLANS FOR THE FUTURE
Plans on how to take the Centre forward include the following:
Room Hire
o Maximise room rental opportunities and pro actively looking to fill empty slots especially in the lounge area. Also look at booking in regular functions as this can be done on weekend evenings.
o To look at party packages and look at ways of partnering up with other suppliers to offer packages.
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Trustees Annual Report and Accounts 31 December 2022 (continued)
PLANS FOR THE FUTURE (continued)
Decrease expenditure:
o Continue to work towards reducing the amount of electricity used by working with the council to spend the grant in the best way possible moving forward.
o Look at other green energy options and funding possibilities to expend the amount of work that can be done.
o Explore energy options and funding. Insulate loft areas.
Staff/ Volunteers
o To ensure we are supporting staff in their roles and their wellbeing, and ensure they have the tools needed.
o Check in with the team regularly to make sure there is nothing that we can be doing to support through the cost of living crisis and other external factors.
o Ensure training is given and updates when needed including training that may not be what they currently do but what they may want to do in future.
o Look at recruiting a volunteer manager or train someone up to be the point of call for volunteers so that they are managed and looked after in the best way possible. Also so that we can make sure volunteers are aware of training and different projects they can take part in. o Look at training or courses for the centre manager and trustees to take part in so that they are continuing their learning and expanding on their skills sets as the centre grows.
PLANS FOR THE FUTURE
Funding
o We plan to target funding opportunities to large projects which we want to undertake eg community food projects and youth projects. We need to ensure we have the finances to sustain them.
Community projects
Building on the success of our community projects in 2022 we hope to increase and continue those already in place. We also want to focus on:
-
Building a youth club and other youth focused activities.
-
Strengthening and having a consistent and regular community food programme.
-
Start an international women’s group to cater to the needs of the users in the
-
building currently as well as welcome members to the building that may need support
-
Build new partnerships to make sure we are connecting with other providers in the
-
city as much as we can to maximise what we can offer and also who we can refer to.
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Re8iStcred Chariry Numbcr. 1142630 Registertd Company Number. 07461119 OLD BOAT CORNER COMMU]YITY ASSOCIATION LIMITED Trustees Annual Report and Accounts 31 December 2022 (continued) STATEMENT OFTRUSTEES RESPONSIBILITIES The Trustees are responsible for preparing the fjnancial statements in accordance with applicable law and United Kingdom Generdlly Accepted Accounting Practice. Company law requires the Tnjstees to prepare financial statements for each financial year, which givc a true and fair view of thc state of the affairs of the company and of the results of the company for that period. ID preparing these financial statements, the Trustees are required to • select suitsble accounting policies and then apply them consistently: ' make judgements and estimates that are reasonable and prudcnt; prepare the financial statements on the going concern basis unless it is not appropriate to presume that the company will continue in business. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitsble company and enables them to ensure that the fjnancial statements comply with the Companies Act 2(KJ6. They are also rcsponsible for safeguarding the assets of the charitable company and hence for king reasonable steps for the prevention and dctcction of fraud and other Iegularlti&s. This report has been prcpared in accordance with the Ststement of Recommended Practice Accounting and Rq)orting by Charities and in accordance with thc special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the Trustees on . and signed on their behalf by: Lisa Mytton (Director l Ttee)
Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Independent Examiner’s Report to the Trustees for the year ended 31 December 2022
I report on the accounts of the company for the year ended 31 December 2022, which are set out on pages 15 to 25.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity
-
Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
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ResL5tud LTh8ri1y Nvntbcr I 142636 Rigiskrtd CompDy Nwnl*r. 07461119 OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Independent Examiller's Report to the Trustees for the year ended 31 December 2022 - continued IndepeAdekt tMiner'S statemeDI In Connection with my examination. no mattcr has come to my atlentioii: (l ) which gives me reasonable Caiise to believe Ihal in any materi¢l1 respect (he requirements: lo kcep accountsng rordS in accordance with slI0n 386 of the Companies A 2006. and to prep8r¢ accounts which accord with the AeLounting reLord5, comply with the accounling requircments of section 39(> of thc CoinpaniL's ALI 2U06 or arc noi LoiisisILnl with th¢ Charities SORP (FRS102) have not been met. or (2) to which. in my opinion, attention should b¢ drawn in ord¢r to enablL a proper undcrslanding of IhL accounts to be reached. Rachel Balchin FCA Bulldog Accounting Liinited 12 Brogdale Place raversha Kent MEIJ OAt.' Signature.. DalL'.. 14
Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Statement of Financial Activities for the year ended 31 December 2022
| Note Income from: Donations 2 Fundraising activities 3 Charitable activities 4 Trading activities 5 Other income 6 Investment income 6 Total Expenditure from: Fundraising activities 8 Charitable activities 9 Trading activities 10 Total Net Income / (Expenditure) Transfer Net movement in funds 17 Reconciliation of funds: Funds brought forward Funds carried forward |
Unrestricted Funds Restricted Funds Total 2022 Unrestricted Funds Restricted Funds Total 2021 £ £ £ £ £ £ 9,708 7,351 17,059 4,147 680 4,827 5,265 - 5,265 - - - 1,000 43,983 44,983 11,348 11,920 23,268 173,264 - 173,264 78,158 - 78,158 322 - 322 38,468 - 38,468 144 - 144 3 - 3 |
|---|---|
| 189,703 51,334 241,037 132,124 12,600 144,724 |
|
| 2,373 - 2,373 - - - 138,863 37,417 176,280 99,293 11,071 110,364 51,962 - 51,962 18,829 - 18,829 |
|
| 193,198 37,417 230,615 118,122 11,071 129,193 |
|
| (3,495) 13,917 10,422 14,002 1,529 15,531 - - - |
|
| (3,495) 13,917 10,422 14,002 1,529 15,531 |
|
| 49,490 8,584 58,074 35,488 7,055 42,543 |
|
| 45,995 22,501 68,496 49,490 8,584 58,074 |
There have been no recognised gains or losses other than the result for the financial year and all surpluses or deficits have been accounted for on an historical cost basis.
The Statement of Financial Activities also complies with the requirements of an income and expenditure account under the Companies Act 2006
The notes on pages 17 to 25 form part of these financial statements.
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Rewstej ChKity Nwnbcr: 1142636 RewJter¢dComp•ny Number.. 07461119 OLD BOAT CORNER COMMUNITY ASSOCJATION LIMITED Balance Sheet as at 31 December 2022 2022 2021 Note Flxed Assets 13 28.208 19.016 Curremt Assets 14 6,971 3.220 Cash ai Bank Ind in Hand 57.132 50.368 Current Ll•biliti Crcditors- Atnounts falling due within onc ye 15 16.845 11.310 Currtht Alts 40,287 39.058 Net Asietg 16 Represented by: Unrcslnctcd Funds Restri¢d Funds 17 17 45,995 49.4• F(Y the yearending 31. Decemb¢r 2022. the company w•s entitled to exemplion from audit under SectiLm 477 of the Companies Act 26. The memtT3 hav¢ not required the company to obtain Audit of its finaDcial $4temcnts for the year enthd 31. December 2022 und¢r Seciion 476 ofthe CoMp•DI Act 26. The diTr¢lots acknowldg¢ thcir ruponsibiliti for. ensurin8 that the company keeps accounting records which comply with Sections 386 387 of the Companies Act 2006. b) prepAring finwcial statements thai give a true and fair view of the sta* of aff4irJ of the ¢(Knpw at the end of each finan¢i41 year and of its profit and loss foT ach finAncial year in accordance with rtyuiremcnts of Se¢tsons 394 and 395 and which otherwise comply with the Companies Art 2(Xk5 fflatin8 10 financial statements, 50 far as appliuble the company. The rllwici have been prepaTal in accordCe to the special provisions of Part 15 of the Companies Act 21K)6 r¢l•ting io small companies and with the Financial Reporting Stsndard 4)plicable in thc UK Republi¢ of Ireland {FRS 102) (effective l January 2015). The fInela1 ststem¢nts on p4¢5 15 to 25 w¢r¢ approved by the Ixwd of Direc On •nd were Signed OD its beknlf by.. . 2024 Lisa Mytton DIlorrrrUStee Th¢ notes OD pges 17 10 25 form part of these fitwKial statements.
Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 December 2022
1. Accounting Policies
(a) 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 (FRS102) (effective 1 January 2015) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The charity meets the definition of a public benefit entity under FRS 102.
These financial statements have been prepared on the going concern basis. The charity has sufficient reserves, and the trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
(b) Accounting Convention
The financial statements are prepared under the historical cost convention
(c) Grants Receivable
Grants are recognised on an accruals basis, accounted for in relation to the period that they relate. Where grants have been received for capital items, the total grant has been disclosed in the SOFA and depreciation, in accordance with the accounting policies, has been charged against that income over the estimated useful economic life of the asset.
Where grants are received during the year under review but relate to a later period the amount is deferred under Grants in Advance in the Balance Sheet.
[(d) Expenditure ]
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration on each activity, comprising the salary and overhead costs of the central function, is apportioned on a basis which is an estimate, based on the proportion of cost of each activity to the total cost of all activities.
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
(e) Depreciation
Depreciation is provided on all tangible fixed assets of over £200 at rates calculated to write off the cost less estimated residual value on a straight line basis over their estimated useful lives as follows:
| Improvements to buildings | 4 years |
|---|---|
| Computer Equipment | 3 years |
| Club Equipment | 5 years |
Where the purchase of tangible fixed assets has been funded from restricted funding, the life of the asset has been depreciated over the duration of the funding period.
(f) Fund Accounting
The accounts distinguish between restricted and unrestricted funds. The former have been raised by the charity for specific purposes or are received from donors and are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions and are available for use at the discretion of the Trustees for expenditure on its objects or appropriated to reserves for internally designated purposes.
2. Donations
| Donations | ||
|---|---|---|
| Donations | Unrestricted Funds Restricted Funds Total 2022 £ £ £ 9,708 7,351 17,059 9,708 7,351 17,059 |
Total 2021 £ 4,827 |
| 4,827 |
3. Income from fundraising activities
| Income from fundraising events | Unrestricted Funds Restricted Funds Total 2022 £ £ £ 5,265 - 5,265 5,265 - 5,265 |
Total 2021 £ - |
|---|---|---|
| - |
Income from fundraising events was included under note 5 “Income from other trading activities” in the prior year’s financial statements.
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
4. Income from charitable activities
| Grants: Trust for Developing Communities – Healthy Hollingbury Fund Brighton & Hove City Council Sussex Community Foundation Sainsbury’s “Neighbourly Fund” Brighton & Hove Food Partnership Sussex Police The Soil Association One Church – CHOMP Total Grants Facilitation fees |
Unrestricted Funds Restricted Funds Total 2022 £ £ £ - 6,000 6,000 - 22,513 22,513 - 8,970 8,970 - 5,000 5,000 - 1,500 1,500 - - - - - - - - - - 43,983 43,983 1,000 - 1,000 1,000 43,983 44,983 |
Total 2021 £ 2,000 20,348 - - 500 150 270 |
|---|---|---|
| 23,268 - |
||
| 23,268 |
5. Income from trading activities
| Fundraising events Hire, lettings and soft play Café income |
Unrestricted Funds Restricted Funds Total 2022 - - - 58,025 - 58,025 115,239 - 115,239 173,264 - 173,264 |
Total 2021 1,845 28,581 47,732 |
|---|---|---|
| 78,158 |
For the current year, income from fundraising activities of £5,265 has been shown under note 3 above.
6. Other Income
| Other Income | ||
|---|---|---|
| COVID Support: Brighton & Hove City Council - Business rates support HMRC: Job Retention Scheme Bank interest received Other income |
Unrestricted Funds Restricted Funds Total 2022 - - - - - - 144 - 144 322 - 322 466 - 466 |
Total 2021 £ 28,057 10,411 - - |
| 38,468 |
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
| 7. Net movement in funds |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| This is stated after charging: | ||
| Depreciation | 1,598 | 1,598 |
| Independent examiner’s fees | 650 | 650 |
8. Resources expended - Fundraising Activities
| Fundraising Events Costs | Unrestricted Funds Restricted Funds Total 2022 2,373 - 2,373 2,373 - 2,373 |
Total 2021 - |
|---|---|---|
| - |
9. Resources expended - Charitable Activities
| Project Costs Community Kitchen Community Garden Household Support – COVID Winter COVID fund Healthy Hollingbury Fund Food CHOMP COVID Survey Neighbourly Fund Arts Council Jubilee Project Youth Project Total Project Costs |
Unrestricted Funds Restricted Funds Total 2022 £ £ £ - 604 604 - 2,161 2,161 - 7,545 7,545 - 4,130 4,130 - 1,626 1,626 72 5,009 5,081 - 4 4 - 1,600 1,600 320 5,000 5,320 - 8,743 8,743 - 223 223 392 36,645 37,037 |
Total 2021 £ 1,464 3,032 5,853 6,275 872 683 77 - - - - |
|---|---|---|
| 18,256 |
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
9. Resources expended - Charitable Activities (continued)
| Direct costs Children’s toys and play equipment Small grants to community groups Performance Costs Staff costs Rent Water rates Insurance Light and heat Maintenance, repairs and fire safety Cleaning and refuse collection Licences Subscriptions Equipment and resources Depreciation Adjustment for reclaimed VAT Sundries Total Direct Costs Support costs Office supplies Advertising & Marketing I.T. expenses Telephone Bank & credit card fees Accountancy and independent examination Consultancy fees Legal expenses Total Support Costs TOTAL CHARITABLE ACTIVITIES |
Unrestricted Funds Restricted Funds Total 2022 - 604 604 582 - 582 - - - 115,379 - 117,719 1,500 - 1,500 2,170 - 2,170 3,078 - 3,078 6,576 - 6,576 2,600 - 2,600 1,518 - 1,518 1,014 - 1,014 549 - 549 4,664 168 4,832 641 - 641 (4,908) - (4,908) 38 - 38 135,401 772 136,173 458 - 458 93 - 93 131 - 131 1,208 - 1,208 - - - 1,030 - 1,030 150 - 150 - - - 3,070 - 3,070 138,863 37,417 176,280 |
Total 2021 350 - 950 65,642 - (248) 1,701 6,513 7,972 306 147 1,111 2,083 1,598 - 35 |
|---|---|---|
| 85,160 1,757 102 1,327 1,009 69 1,214 110 1,360 |
||
| 6,948 110,364 |
10. Resources expended – Trading activities
| Café items TOTAL TRADING ACTIVITIES |
Unrestricted Funds Restricted Funds Total 2022 £ £ £ 51,962 - 51,962 51,962 - 51,962 |
Total 2021 £ 18,829 |
|---|---|---|
| 18,829 |
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
11. Staff Costs
| Wages and Salaries Social Security Costs Pension Costs Temporary staff and contractors Other staff costs |
2022 2021 £ £ 106,468 63,731 4,101 - - 602 3,660 - 1,150 1,309 |
|---|---|
| 115,379 65,642 |
The average number of persons employed by the company during the year was 12 (2021: 9)
Old Boat Corner Community Association Limited considers that the key management personnel comprise the Board of Trustees.
12. Trustees’ Remuneration and Reimbursed Expenses
None of the Trustees have received remuneration during the year or any other form of benefit. £NIL was paid to Trustees during the period for Board meeting expenses; (2021: £Nil).
13. Tangible Fixed Assets
| Cost or valuation At 1 January 2022 Additions At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 1 January 2022 At 31 December 2022 |
Office Equipment Computer Equipment Kitchen & Café Equipment Plant & Machinery Total - 982 19,395 359 20,736 304 347 13,373 - 14,024 |
|---|---|
| 304 1,329 32,768 359 34,760 |
|
| - 405 1,297 18 1,720 30 354 4,376 72 4,832 |
|
| 30 759 5,673 90 6,552 |
|
| - 577 18,098 341 19,016 |
|
| 274 570 27,095 269 28,208 |
22
Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
14. Debtors
| 14. Debtors |
|
|---|---|
| Prepayments Other Debtors |
2022 2021 £ £ 150 150 6,821 3,070 |
| 6,971 3,220 |
15. Creditors: Amounts falling due within one year
| Trade creditors Deposits – room hire Payroll Accruals |
2022 2021 £ £ 5,346 2,618 1,635 1,450 45 - 9,819 7,242 |
|---|---|
| 16,845 11,310 |
16. Analysis of Net Assets between Funds
| Restricted Funds Unrestricted Funds Restricted Funds Unrestricted Funds |
Tangible Fixed Assets Net Current Assets Total 2022 £ £ £ - 22,501 22,501 28,208 17,786 45,995 |
|---|---|
| 28,208 40,287 68,495 |
|
| Tangible Fixed Assets Net Current Assets Total 2021 £ £ £ - 8,584 8,584 19,016 30,474 49,490 |
|
| 19,016 39,058 58,074 |
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
17. Movement in Funds
| 17. Movement in Funds |
|||||
|---|---|---|---|---|---|
| Balance | Income | Expenditure | Transfers | Balance | |
| 1 Jan 2022 | 31 Dec | ||||
| 2022 | |||||
| £ | £ | £ | £ | £ | |
| Restricted Funds | |||||
| Trust for Developing Communities – | 1,031 | - | - | - | 1,031 |
| Community event | |||||
| Trust for Developing Communities – Healthy | 1,801 |
2,000 | (1,626) | - | 2,175 |
| Hollingbury Fund | |||||
| Trust for Developing Communities – CCTV | - | 4,000 | (168) | - | 3,832 |
| Community Garden Access | 3,718 | - | (2,161) | - | 1,557 |
| Community Kitchen Project | - | 994 | (604) | (390) | - |
| One Church: CHOMP | 193 | - | (4) | (189) | - |
| Household Support Fund: COVID | - | 19,413 | (11,674) | - | 7,739 |
| COVID Survey | - | 1,600 | (1,600) | - | - |
| Sussex Community Foundation | 172 | - | - | (172) | - |
| Children’s toys and play equipment | 518 | 1,061 | (605) | - | 974 |
| Clift Memorial Fund | 1,151 | - | - | - | 1,151 |
| Sainsbury’s Neighbourly Fund | - | 5,000 | (5,000) | - | - |
| Brighton & Hove Food partnership | - | 4,258 | (5,009) | 751 | - |
| Older People Project | - | 1,188 | - | - | 1,188 |
| Youth Project | - | 2,350 | (223) | - | 2,127 |
| Jubilee Fun Day | - | 9,470 | (8,743) | - | 727 |
| 8,584 | 51,334 | (37,417) | - | 22,501 | |
| Balance | Income | Expenditure | Transfers | Balance | |
| 1 Jan 2022 | 31 Dec | ||||
| 2022 | |||||
| Unrestricted Funds | |||||
| General | 46,990 | 189,702 | (193,198) | - | 43,495 |
| Designated | 2,500 | - | - | - | 2,500 |
| 49,490 | 189,702 | (193,199) | - | 45,995 | |
| Total Funds | 68,495 | 241,036 | (230,615) | - | 68,496 |
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Registered Charity Number: 1142636 Registered Company Number: 07461119
OLD BOAT CORNER COMMUNITY ASSOCIATION LIMITED Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
18. Movement in Funds (continued)
Previous year
| Previous year | |||||
|---|---|---|---|---|---|
| Balance | Income | Expenditure | Transfers | Balance | |
| 1 Jan 2021 | 31 Dec | ||||
| 2021 | |||||
| £ | £ | £ | £ | £ | |
| Restricted Funds | |||||
| Trust for Developing Communities – | 1,031 | - | - | - | 1,031 |
| Community event | |||||
| Trust for Developing Communities – Healthy | 1,801 |
2,000 | 872 | - | 1,801 |
| Hollingbury Fund | |||||
| Community Garden Access | 2,600 | 4,150 | 3,032 | - | 3,718 |
| Community Kitchen Project | 60 | 500 | 560 | - | - |
| One Church: CHOMP | - | 270 | 77 | - | 193 |
| Household Support Fund: COVID | - | 5,000 | 5,000 | - | - |
| Musical Performance | - | 680 | 680 | - | - |
| Patcham United Defibrillation Machine | 500 | - | 500 | - | - |
| Sussex Community Foundation | 172 | - | - | - | 172 |
| Children’s toys and play equipment | 868 | - | 350 | - | 518 |
| Clift Memorial Fund | 1,151 | - | - | - | 1,151 |
| 7,055 | 12,600 | 11,071 | - | 8,584 | |
| Balance | Income | Expenditure | Transfers | Balance | |
| 1 Jan 2021 | 31 Dec | ||||
| 2021 | |||||
| Unrestricted Funds | |||||
| General | 32,988 | 132,124 | 118,122 | - | 46,990 |
| Designated | 2,500 | - | - | - | 2,500 |
| 35,488 | 132,124 | 118,122 | - | 49,490 | |
| Total Funds | 42,543 | 144,724 | 129,193 | - | 58,074 |
17. Related party transactions
There were no related party transactions in the year ended 31 December 2022.
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