REGISTERED COMPANY NUMBER: 07557971 (England and Wales)
REGISTERED CHARITY NUMBER: 1143537
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
MYTHOLMROYD COMMUNITY ASSOCIATION
Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD
MYTHOLMROYD COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
|
Page |
Page |
Page |
Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
|
3 |
|
Statement of Financial Activities |
|
4 |
|
Balance Sheet |
|
5 |
|
Notes to the Financial Statements |
6 |
to |
11 |
Detailed Statement of Financial Activities |
12 |
to |
13 |
MYTHOLMROYD COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2021.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Itisnow46yearssincethepeopleofMytholmroyddecidedtoacquireaderelictchickenhutand convert
itintoacommunitycentreprovidingaccommodationfortheScouts,playgroup,youthcluband a
community hall.
ThetrusteesarepleasedtoseethatthecharityhasbeenabletoweatherthestormofCovidthat has
sweptthecountry.Theassociationhascontinuedtoinvestinthecentreduringthelockdown,with the
Jubileeroombeingrefurbishedandallareasofthecentrebeingredecorated.Thishashelpedthe centre
recoverfromsignificantperiodsofclosure.Thetrusteesarealsopleasedthatduringthisperiodwe have
beenabletomaintainapresenceinthecommunitythroughthedeliveryofonlineclasses. Unfortunately,
notalluserhavebeenabletorestartandwewouldliketothankgroupssuchastaekwondo, netball,
business breakfast and Methodist Ladies for the support in previous years.
OBJECTIVES AND ACTIVITIES Significant activities Groups and Organisations
ScoutGroup:Thescoutgrouphasbeenunabletomeetduringlongperiodsoftheyearandthis has
meantadropinrevenue.TheTrusteesarepleasedtohavebeenabletooffersupportthrough a
reductioninrentsforthefinancialyear.Asrestrictionshavebeeneasedthescoutgrouphasbeenable to
resume activities.
LittleVillageLearners:Thenurseryhasremainedopenthroughouttheyearprovidingcarefor key
workerchildren.Asrestrictionshaveeasedtheyhavemovedtowardsnormaloperationswith preschool
and after school clubs.
TheCalderValleyFellRunners:Thefellrunnershavehadrestrictivetimesbuthavebouncedback as
strong as ever. They will be celebrating their 50th anniversary in 2021.
MytholmroydWeightliftingClub:Theweightliftingclubhasbeenunabletomeetatthecentredue to
socialdistancingregulations.Despitethistheyhavecontinuedtosupportthecentrebymaintaining their
monthlypayments.Thishasbeenappreciatedandwearepleasedthattheyarenowinapositionto pick
up from where they finished.
A list of the present user groups and organisations are listed below.
Group |
Frequency |
Group |
Frequency |
Scout Group |
5 evenings & weekends |
Slimming World |
Twice weekly |
Little Village Learners |
5 days a week |
Elliot's Antique Fair |
Monthly |
Pre-school and after |
|
Organic Gardener's |
|
school club |
5 days a week |
Club |
Monthly |
Youth Club |
Term time |
Table Tennis |
3 times a week |
Calder Valley Fell |
|
|
|
Runners |
Weekly |
Weightlifting Club |
5 times a week |
Karate |
Twice weekly |
Gym |
Daily |
Calderdale Cyclist |
|
|
|
Touring Group |
4 weekends a year |
Fitness classes |
35 classes a week |
Taekwondo |
Weekly |
|
|
|
|
Hebden Bridge Brass |
|
Pilates/yoga |
4 times a week |
Band |
Twice yearly |
Hebden Bridge Probus |
|
|
|
Group |
Monthly |
Zumba |
3 times a week |
African Drumming |
|
|
|
Group |
Weekly |
CI Adventures |
On-going |
5 Rhythms Dance |
Monthly |
Ladies Keep Fit |
Weekly |
Weddings & birthdays |
Various |
Badminton club |
Weekly |
Page 1
MYTHOLMROYD COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW
Reserves policy
Thetrusteespurposeistomaintainitscurrentpolicyofmaintainingthereservesatalevel of
approximately six months operational expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07557971 (England and Wales)
Registered Charity number
1143537
Registered office
Mytholmroyd Community Centre
Caldene Avenue
Mytholmroyd
Hebden Bridge
HX7 5AF
Trustees
Exors Mr R H Marshall Company Director (deceased 17.1.2022)
M Newsome Company Director
R Haynes Company Director
A R Heptinstall Trustee
Mrs J D Clayton Trustee
Mrs S Slater Trustee
Company Secretary
Independent Examiner
Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD
ACKNOWLEDGEMENTS
Thetrusteeswishtoplaceonrecordtheirthankstotheirconscientiousstaff,whoensuretheefficient day
todayrunningofthecommunityandleisurecentre.WealsowishtothankHebdenRoydTown Council
whosupporttheAssociationandallmembersofthelocalcommunitywhocontinuetousethecentre and
thereby ensure it continued presence as part of local life.
Our thanks to John Dakin FCA, of Cresswells, our independent accountants.
Approved by order of the board of trustees on 25 March 2022 and signed on its behalf by:
R Haynes - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MYTHOLMROYD COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Mytholmroyd Community Association ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2021.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5)
(b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Mr John Dakin
FCA
Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD
25 March 2022
Page 3
MYTHOLMROYD COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
Unrestricted
funds
Notes
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
11,263
Charitable activities
Trading
16,789
Other trading activities
2
75,707
Investment income
3
1
Other income
-
Total
103,760
EXPENDITURE ON
Other
104,028
Net gains/(losses) on
investments
10,525
NET
INCOME/(EXPENDITURE)
10,257
RECONCILIATION OF
FUNDS
Total funds brought
forward
17,714
TOTAL FUNDS CARRIED
FORWARD
27,971 |
Insurance
claim
£
-
-
-
-
6,527
6,527
1,885
-
4,642
(4,642)
- |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
10,003
10,003 |
2021
Total
funds
£
11,263
16,789
75,707
1
6,527
110,287
105,913
10,525
14,899
23,075
37,974 |
2020
Total
funds
£
60,725
51,267
46,968
2
102,800
261,762
271,655
(337)
(10,230)
33,305
23,075 |
|
|
|
|
|
The notes form part of these financial statements
Page 4
MYTHOLMROYD COMMUNITY ASSOCIATION
BALANCE SHEET 31 MARCH 2021
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
7
5,397
Investments
8
1
5,398
CURRENT ASSETS
Cash at bank and in hand
28,120
CREDITORS
Amounts falling due within
one year
9
(5,547)
NET CURRENT ASSETS
22,573
TOTAL ASSETS LESS
CURRENT LIABILITIES
27,971
NET ASSETS
27,971
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Insurance
claim
£
-
-
-
79,406
(79,406)
-
-
- |
Restricted
fund
£
-
-
-
10,003
-
10,003
10,003
10,003 |
2021
Total
funds
£
5,397
1
5,398
117,529
(84,953)
32,576
37,974
37,974
27,971
10,003
37,974 |
2020
Total
funds
£
5,397
1
5,398
112,278
(94,601)
17,677
23,075
23,075
13,072
10,003
23,075 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
-
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
25 March 2022 and were signed on its behalf by:
R Haynes - Trustee
The notes form part of these financial statements
Page 5
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.
ThefinancialstatementsarepresentedinSterlingwhichisthefunctionalcurrencyofthe company
and rounded to the nearest £.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Freehold property- over 15 years
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
2. OTHER TRADING ACTIVITIES
OTHER TRADING ACTIVITIES |
|
|
Sport facility receipts
Sundry receipts
Bar takings |
2021
£
4,266
71,441
-
75,707 |
2020
£
40,197
1,420
5,351 |
|
|
46,968 |
continued...
Page 6
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
3. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
|
|
2021 |
|
2020 |
|
|
£ |
|
£ |
|
Interest receivable - trading |
|
1 |
|
2 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021nor for
the year ended 31 March 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2021norfortheyear ended
31 March 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
Employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Insurance
funds
claim
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
60,725
-
Charitable activities
Trading
51,267
-
Other trading activities
46,968
-
Investment income
2
-
Other income
-
102,800
Total
158,962
102,800
EXPENDITURE ON
Other
168,855
102,800
Net gains/(losses) on investments
(337)
-
NET INCOME/(EXPENDITURE)
(10,230)
-
RECONCILIATION OF FUNDS
Total funds brought forward
27,944
(4,642)
TOTAL FUNDS CARRIED FORWARD
17,714
(4,642) |
2021
10
Restricted
fund
£
-
-
-
-
-
-
-
-
-
10,003
10,003 |
2020
12
Total
funds
£
60,725
51,267
46,968
2
102,800
261,762
271,655
(337)
(10,230)
33,305
23,075 |
|
|
|
continued...
Page 7
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
7. TANGIBLE FIXED ASSETS
TANGIBLE FIXED ASSETS |
|
|
Freehold |
|
property |
|
£ |
COST |
|
At 1 April 2020 and 31 March 2021 |
181,393 |
DEPRECIATION |
|
At 1 April 2020 and 31 March 2021 |
175,996 |
NET BOOK VALUE |
|
At 31 March 2021 |
5,397 |
At 31 March 2020 |
5,397 |
FIXED ASSET INVESTMENTS |
|
|
Shares in |
|
group |
|
undertakings |
|
£ |
MARKET VALUE |
|
At 1 April 2020 and 31 March 2021 |
1 |
NET BOOK VALUE |
|
At 31 March 2021 |
1 |
At 31 March 2020 |
1 |
8. FIXED ASSET INVESTMENTS
There were no investment assets outside the UK.
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 10)
Trade creditors
Amounts owed to group undertakings
Social security and other taxes
Pensions
Accruals and deferred income |
2021
£
-
3,215
721
1,544
67
79,406
84,953 |
2020
£
2,023
4,591
361
1,637
55
85,934 |
|
|
94,601 |
Includedintheaboveismoniesreceivedfromtheinsurancepolicyforthedamagecausedin the
floods. At the balance sheet date the amount still to be spent was £79,406 (2020 £85,934)
10. LOANS
An analysis of the maturity of loans is given below:
|
2021 |
|
2020 |
|
£ |
|
£ |
Amounts falling due within one year on demand: |
|
|
|
Bank overdrafts |
|
- |
2,023 |
continued...
Page 8
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
11. MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
2,714
Capital Fund
15,000
Insurance claim
(4,642)
13,072
Restricted funds
General Restricted
10,003
TOTAL FUNDS
23,075
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
103,760
(104,028)
Insurance claim
6,527
(1,885)
110,287
(105,913)
TOTAL FUNDS
110,287
(105,913) |
Net
movement
in funds
£
10,257
-
4,642
14,899
-
14,899
Gains and
losses
£
10,525
-
10,525
10,525 |
At
31.3.21
£
12,971
15,000
-
27,971
10,003
37,974
Movement
in funds
£
10,257
4,642
14,899
14,899 |
|
|
|
Comparatives for movement in funds
Unrestricted funds
General fund
Capital Fund
Insurance claim
Restricted funds
General Restricted
TOTAL FUNDS |
Net
movement
At 1.4.19
in funds
£
£
12,944
(10,230)
15,000
-
(4,642)
-
23,302
(10,230)
10,003
-
33,305
(10,230) |
At
31.3.20
£
2,714
15,000
(4,642)
13,072
10,003
23,075 |
|
|
|
continued...
Page 9
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Insurance claim
TOTAL FUNDS |
Incoming
resources
£
158,962
102,800
261,762
261,762 |
Resources
expended
£
(168,855)
(102,800)
(271,655)
(271,655) |
Gains and
losses
£
(337)
-
(337)
(337) |
Movement
in funds
£
(10,230)
-
(10,230)
(10,230) |
|
|
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Capital Fund
Insurance claim
Restricted funds
General Restricted
TOTAL FUNDS |
Net
movement
At 1.4.19
in funds
£
£
12,944
27
15,000
-
(4,642)
4,642
23,302
4,669
10,003
-
33,305
4,669 |
At
31.3.21
£
12,971
15,000
- |
|
|
27,971
10,003 |
|
|
37,974 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Insurance claim
TOTAL FUNDS |
Incoming
resources
£
262,722
109,327
372,049
372,049 |
Resources
expended
£
(272,883)
(104,685)
(377,568)
(377,568) |
Gains and
losses
£
10,188
-
10,188
10,188 |
Movement
in funds
£
27
4,642
4,669
4,669 |
|
|
|
|
|
TherestrictedfundisthedonationsreceivedfromtheGreenBusinessEnviroFundtowards the
foyer improvements.
continued...
Page 10
MYTHOLMROYD COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 11
MYTHOLMROYD COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
INCOME AND ENDOWMENTS
Donations and legacies
Subscriptions
Donations
Other trading activities
Sport facility receipts
Sundry receipts
Bar takings
Investment income
Interest receivable - trading
Charitable activities
Rents receivable
Function room rent
Other income
Insurance claim
Total incoming resources
EXPENDITURE
Support costs
Finance
Bank charges
Other
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Advertising
Repairs and refurbishment
Other trading activities
Bar expenses
Governance costs
Accountancy and legal fees
Carried forward |
2021
£
877
10,386
11,263
4,266
71,441
-
75,707
1
13,016
3,773
16,789
6,527
110,287
1,119
56,656
-
525
1,595
4,409
10,898
647
485
190
1,003
22,143
98,551
479
1,645
1,645 |
2020
£
3,994
56,731 |
|
|
60,725
40,197
1,420
5,351 |
|
|
46,968
2
15,734
35,533 |
|
|
51,267
102,800 |
|
|
261,762
2,219
86,386
1,530
840
3,607
8,053
16,854
708
1,630
4,484
3,499
129,157 |
|
|
256,748
7,465
2,380
2,380 |
This page does not form part of the statutory financial statements
Page 12
MYTHOLMROYD COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
Governance costs
Brought forward
Subscriptions
Total resources expended
Net income/(expenditure) before
gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset
investments
Net income/(expenditure) |
2021
£
1,645
4,119
5,764
105,913
4,374
10,525
14,899 |
2020
£
2,380
2,843
5,223
271,655
(9,893)
(337)
(10,230) |
|
|
|
This page does not form part of the statutory financial statements
Page 13