REGISTERED COMPANY NUMBER: 07842311 (England and Wales) REGISTERED CHARITY NUMBER: 1144955
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022
for Firthmoor and District Community Association
J P Walters & Co Chartered Accountants 67 Duke Street Darlington Co. Durham DL3 7SD
Firthmoor and District Community Association
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Cash Flow Statement | 5 |
| Notes to the Cash Flow Statement | 6 |
| Notes to the Financial Statements | 7 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
Firthmoor and District Community Association
Report of the Trustees
for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2019).
STRATEGIC REPORT
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07842311 (England and Wales)
Registered Charity number
1144955
Registered office
Firthmoor Community Centre Burnside Road Darlington Co. Durham DL1 4SU
Trustees
Steven Tait Susan Dulston Lynsey Munro Victoria Hamilton Yvonne Richardson (appointed 28.07.21) Sandra Mellor (appointed 28.07.21) Sue Watson (appointed 28.07.21) Kayleigh Tait (appointed 28.07.21) Gillian Garbutt (appointed 28.07.21) Margaret Thompson (appointed 28.07.21)
Company Secretary
Mrs K Tait
Independent Examiner
J P Walters & Co Chartered Accountants 67 Duke Street Darlington Co. Durham DL3 7SD
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:
........................................................................ Mrs K Tait - Secretary
Page 1
Independent Examiner's Report to the Trustees of Firthmoor and District Community Association
Independent examiner's report to the trustees of Firthmoor and District Community Association ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements 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
-
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)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J P Walters BSc BFP FCA ICAEW J P Walters & Co Chartered Accountants 67 Duke Street Darlington Co. Durham DL3 7SD
Date: .............................................
Page 2
Firthmoor and District Community Association
Statement of Financial Activities for the Year Ended 31 March 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 4 Nursery Kitchen General Other trading activities 3 Total EXPENDITURE ON Raising funds 5 Charitable activities 6 Nursery Kitchen General General Restricted Total NET INCOME/(EXPENDITURE) Transfers between funds 16 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 28,538 426,785 49,560 59,311 142,448 706,642 4,700 414,365 63,278 168,782 - 651,125 55,517 (47,542) 7,975 256,233 264,208 |
Restricted funds £ - - - - - - - - - - 28,577 28,577 (28,577) 47,542 18,965 929,318 948,283 |
31.3.22 Total funds £ 28,538 426,785 49,560 59,311 142,448 706,642 4,700 414,365 63,278 168,782 28,577 679,702 26,940 - 26,940 1,185,551 1,212,491 |
31.3.21 Total funds £ 500 350,391 25,714 93,671 102,471 572,747 - 321,617 35,606 119,244 28,803 505,270 67,477 - (15,034) 1,118,074 1,185,551 |
||||
|---|---|---|---|---|---|---|---|---|
The notes form part of these financial statements
Page 3
Firthmoor and District Community Association
Balance Sheet 31 March 2022
| Notes FIXED ASSETS Tangible assets 13 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 60,143 208,165 (4,100) 204,065 264,208 264,208 |
Restricted funds £ 948,283 - - - 948,283 948,283 |
31.3.22 Total funds £ 1,008,426 208,165 (4,100) 204,065 1,212,491 1,212,491 264,208 948,283 1,212,491 |
31.3.21 Total funds £ 963,551 227,812 (5,812) 222,000 1,185,551 1,185,551 256,233 929,318 1,185,551 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Steven Tait - Trustee
The notes form part of these financial statements
Page 4
Firthmoor and District Community Association
Cash Flow Statement
for the Year Ended 31 March 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
31.3.22 £ 65,696 65,696 (85,343) (85,343) 19,647 227,812 208,165 |
31.3.21 £ 99,361 99,361 (31,585) (31,585) 67,776 160,036 227,812 |
|---|---|---|
The notes form part of these financial statements
Page 5
Firthmoor and District Community Association
Notes to the Cash Flow Statement for the Year Ended 31 March 2022
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| OPERATING ACTIVITIES | ||||
|---|---|---|---|---|
| 31.3.22 | 31.3.21 | |||
| £ | £ | |||
| Net income/(expenditure) for the reporting period (as per the | ||||
| Statement of Financial Activities) | 26,940 | 67,477 | ||
| Adjustments for: | ||||
| Depreciation charges | 40,468 | 35,568 | ||
| (Decrease)/increase in creditors | (1,712) | (3,684) | ||
| Net cash provided by operations | 65,696 | 99,361 | ||
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | |||
| 31.3.22 | 31.3.21 | |||
| £ | £ | |||
| Notice deposits (less than 3 months) | 208,165 | 227,812 | ||
| Overdrafts included in bank loans and overdrafts falling due within one year | - | (-) | ||
| Total cash and cash equivalents | 208,165 | 227,812 | ||
| 3. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.4.21 | Cash flow | At 31.3.22 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | 227,812 | (19,647) | 208,165 | |
| Total | 227,812 | (19,647) | 208,165 |
The notes form part of these financial statements
Page 6
Firthmoor and District Community Association
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
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 objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
Firthmoor and District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. DONATIONS AND LEGACIES
| Donations 3. OTHER TRADING ACTIVITIES Fundraising events Rental income Trips Feed in tariffs 4. INCOME FROM CHARITABLE ACTIVITIES Activity Nursery fees Nursery Grants Nursery Miscellaneous income Nursery Café income Kitchen Grants Kitchen Grants General Photocopying/Tool hire General Grants received, included in the above, are as follows: DBC Special Educational Needs Grant DBC Nursery Education Grant DBC Early Years Grant ASDA Grant CDCF Grant Charities Trust DBC Re-Start Grants Job Retention Scheme Grants Small Business Rates Relief Grant DBC Closure Grant Teesside University Grant Cummins Global Giving Grant |
31.3.22 £ 28,538 31.3.22 £ 5,891 135,579 - 978 142,448 31.3.22 £ 128,860 297,925 - 41,560 8,000 58,406 905 535,656 31.3.22 £ 8,175 154,094 135,656 - - - 30,000 28,406 - 8,000 - - 364,331 |
31.3.21 £ 500 31.3.21 £ 4 102,467 - - 101,471 31.3.21 £ 54,269 296,122 - 125 25,589 93,120 551 469,776 31.3.21 £ 11,499 155,898 75,728 - 1,636 - - 110,998 25,000 25,219 4,798 3,858 414,634 |
|---|---|---|
continued...
Page 8
Firthmoor and District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
5. RAISING FUNDS
Other trading activities
| Other trading activities | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Purchases | 4,700 | - |
6. CHARITABLE ACTIVITIES COSTS
| Nursery Kitchen General General Restricted 7. GRANTS PAYABLE Nursery 8. SUPPORT COSTS Nursery Kitchen General General Restricted |
Grant funding of activities Support Direct (see note costs (see Costs 7) note 8) £ £ £ 392,751 - 21,614 62,752 - 526 982 - 167,800 - - 28,577 456,485 - 218,517 31.3.22 £ - Governance Management costs £ £ 21,614 - 526 - 165,316 2,484 28,577 - 216,033 2,484 |
Totals £ 414,365 63,278 168,782 28,577 675,002 31.3.21 £ 3,471 Totals £ 21,614 526 167,800 28,577 218,517 |
|---|---|---|
continued...
Page 9
Firthmoor and District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 40,468 | 35,568 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
11. STAFF COSTS
| Wages and salaries Pension costs The average monthly number of employees during the year was as follows: Full time Part time |
31.3.22 £ 414,163 7,044 421,207 31.3.22 16 8 24 |
31.3.21 £ 309,878 7,950 |
||
|---|---|---|---|---|
| 317,828 | ||||
| 31.3.21 15 8 23 |
No employees received emoluments in excess of £60,000.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Nursery Kitchen General Other trading activities Total |
Unrestricted funds £ 500 350,391 25,714 93,671 102,471 572,747 |
Restricted funds £ - - - - - - |
Total funds £ 500 350,391 25,714 93,671 102,471 572,747 |
|---|---|---|---|
continued...
Page 10
Firthmoor and District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ EXPENDITURE ON Raising funds - Charitable activities Nursery 321,617 Kitchen 35,606 General 119,244 General Restricted - Total 476,467 NET INCOME/(EXPENDITURE) 96,280 Transfers between funds (-) Net movement in funds (-) RECONCILIATION OF FUNDS Total funds brought forward 159,953 TOTAL FUNDS CARRIED FORWARD 256,233 |
- continued Restricted funds £ - - - - 28,803 28,803 (28,803) - - 958,121 929,318 |
Total funds £ - 321,617 35,606 119,244 28,803 505,270 67,477 - (-) 1,118,074 1,185,551 |
|---|---|---|
continued...
Page 11
Firthmoor and District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
13. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 1 April 2021 1,381,327 Additions 47,543 Disposals - At 31 March 2022 1,428,870 DEPRECIATION At 1 April 2021 452,010 Charge for year 28,577 Eliminated on disposal - At 31 March 2022 480,587 NET BOOK VALUE At 31 March 2022 948,283 At 31 March 2021 929,317 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 15) Trade creditors Social security and other taxes Accrued expenses 15. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts |
Plant and machinery £ 94,516 37,800 - 132,316 60,282 11,891 - 72,173 60,143 34,234 31.3.22 £ - - - 4,100 4,100 31.3.22 £ - |
Totals £ 1,475,843 85,343 - 1,561,186 512,292 40,468 - 552,760 1,008,426 963,551 31.3.21 £ - 2,412 - 3,400 5,812 31.3.21 £ - |
|---|---|---|
continued...
Page 12
Firthmoor and District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund Nursery Kitchen Restricted funds General TOTAL FUNDS |
At 1.4.21 £ 191,326 53,667 11,240 256,233 929,318 1,185,551 |
Net movement in funds £ 56,815 12,420 (13,718) 55,517 (28,577) 26,940 |
Transfers between funds £ (57,624) - 10,082 (47,542) 47,542 - |
At 31.3.22 £ 190,517 66,087 7,604 264,208 948,283 1,212,491 |
|---|---|---|---|---|
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Nursery Kitchen Restricted funds General TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Nursery Kitchen Restricted funds General TOTAL FUNDS |
At 1.4.20 £ 153,931 (109) 6,131 159,953 958,121 1,118,074 |
Incoming resources £ 230,297 426,785 49,560 706,642 - 706,642 Net movement in funds £ 77,395 28,776 (9,891) 96,280 (28,803) 67,477 |
Resources expended £ (173,482) (414,365) (63,278) (651,125) (28,577) (679,702) Transfers between funds £ (40,000) 25,000 15,000 - - - |
Movement in funds £ 56,815 12,420 (13,718) 55,517 (28,577) 26,940 At 31.3.21 £ 191,326 53,667 11,240 256,233 929,318 1,185,551 |
||
|---|---|---|---|---|---|---|
continued...
Page 13
Firthmoor and District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
16. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Nursery Kitchen Restricted funds General TOTAL FUNDS |
Incoming resources £ 196,639 350,393 25,715 572,747 - 572,747 |
Resources Movement expended in funds £ £ (119,244) 77,395 (321,617) 28,776 (35,606) (9,891) (476,467) 96,280 (28,803) (28,803) (505,270) 67,477 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Nursery Kitchen Restricted funds General TOTAL FUNDS |
At 1.4.20 £ 153,931 (109) 6,131 159,953 958,121 1,118,074 |
Net movement in funds £ 134,210 41,196 (23,609) 151,797 (57,380) 94,417 |
Transfers between funds £ (97,624) 25,000 25,082 (47,542) 47,542 - |
At 31.3.22 £ 190,517 66,087 7,604 264,208 948,283 1,212,491 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources |
Movement | |
|---|---|---|---|
| resources | expended |
in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 426,936 | (292,726) | 134,210 |
| Nursery | 777,178 | (735,982) | 41,196 |
| Kitchen | 75,275 | (98,884) | (23,609) |
| 1,279,389 | (1,127,592) | 151,797 | |
| Restricted funds | |||
| General | (-) | (57,380) | (57,380) |
| TOTAL FUNDS | 1,279,389 | (1,184,972) | 94,417 |
continued...
Page 14
Firthmoor and District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 15
Firthmoor and District Community Association
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2022 | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 28,538 | 500 |
| Other trading activities | ||
| Fundraising events | 5,891 | 4 |
| Rental income | 135,579 | 102,467 |
| Trips | - | - |
| Feed in tariffs | 978 | - |
| 142,448 | 102,471 | |
| Charitable activities | ||
| Nursery fees | 128,860 | 54,269 |
| Cafe income | 41,560 | 125 |
| Grants | 364,331 | 414,831 |
| Photocopying/Tool hire | 905 | 551 |
| Miscellaneous income | - | - |
| 535,656 | 469,776 | |
| Total incoming resources | 706,642 | 572,747 |
| EXPENDITURE | ||
| Other trading activities | ||
| Cost of trips and fund raising | 4,700 | - |
| Charitable activities | ||
| Wages | 329,817 | 257,669 |
| Pensions | - | - |
| Sundries | - | - |
| Consumables | 57,652 | 18,826 |
| Nursery meals | 11,206 | 593 |
| Core overhead contribution | 54,618 | 72,000 |
| Cleaning | 2,210 | 498 |
| Donations | 982 | 2 |
| Special Needs & Early Years funding costs | - | 3,471 |
| 456,485 | 353,057 | |
| Support costs | ||
| Management | ||
| Wages | 84,346 | 52,209 |
| Pensions | 7,044 | 7,950 |
| Staff training | 881 | 1 |
| Rates and water | 1,201 | 3,571 |
| Insurance | 8,009 | 5,784 |
| Light and heat | 17,377 | 14,058 |
| Carried forward | 118,858 | 83,572 |
This page does not form part of the statutory financial statements
Page 16
Firthmoor and District Community Association
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |
||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Management | ||
| Brought forward | 118,858 | 83,572 |
| Bank charges | 675 | - |
| Telephone | 2,204 | 2,612 |
| Office supplies | 23,376 | 5,911 |
| Advertising | 232 | - |
| Sundries | - | 1,561 |
| Maintenance contracts | 6,175 | 6,293 |
| Licences and subscriptions | 5,330 | 5,150 |
| Cleaning | 729 | - |
| Employment engagement | 16 | 37 |
| Volunteer expenses | - | - |
| Repairs and renewals | 17,970 | 9,083 |
| Depreciation of property | 28,577 | 28,803 |
| Depreciation of fixtures | 11,805 | 6,636 |
| Depreciation of computer equipment | 86 | 129 |
| 216,033 | 149,787 | |
| Governance costs | ||
| Accountancy fees | 2,484 | 2,426 |
| Legal fees | - | - |
| 2,484 | 2,426 | |
| Total resources expended | 679,702 | 505,270 |
| Net income/(expenditure) | 26,940 | 67,477 |
This page does not form part of the statutory financial statements
Page 17