2022-04-30-accounts

Kingdon House Community Association

Charity No. 1152091

Company No. 08490544

Trustees’ Report and Unaudited Accounts

For the year ended

30 April 2022

Kingdon House Community Association

Year ended 30 April 2022

Contents

	Page
Trustees’ Annual Report	3-4
Summary Income and Expenditure Account	5
Balance Sheet	6
Statement of cash flows	7
Notes to the Accounts	8 - 12
The following does not form part of the financial statements
Detailed Profit and Loss Account	13

2

Kingdon House Community Association

Year ended 30 April 2022

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 30 April 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No.

08490544

Charity registered number 1152091

Principal Office

Kingdon House, Pym Street, Tavistock, PL19 0OW

Registered Office

Kingdon House, Pym Street, Tavistock, PL19 0OW

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:

R L Farrant B A Fyfield-Shayler J Houghton A Johnson P A D Jones M W Taylor K Woodward

Accountants

Dennathorne Accountancy Services Dennathorne Down Road Tavistock PL19 9AG

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Kingdon House Community Association

Year ended 30 April 2022

Trustees’ Annual Report (continued)

Objectives and Activities:

The purpose of the charity as set out in its governing document is to promote the benefit of the inhabitants of Tavistock and district without distinction of sex or political, religious or other opinions by associating with the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare, for recreation and leisure time for the said inhabitants.

The main activities undertaken in relating to those purposes are the establishment of the Community Centre and maintenance and management of the same.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Approved by the Board on 27 October 2022 and signed on its behalf by

P A D Jones

Trustee

4

Kingdon House Community Association

Year ended 30 April 2022

Income & Expenditure Account

Notes Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Expenditure on: Charitable activities 6 Other Net income/(expenditure) Reconciliation of funds Total funds brought forward 11 Total funds carried forward	Total funds 2022 £ 2,593 38,014 60 40,667 (19,909) (12,699) 8,059 69,341 77,400	Total funds 2021 £ 213 24,779 107
		25,099 (36,597) (12,397)
		(23,895) 93,236
		69,341

All income and expenditure derive from continuing activities and are unrestricted funds. The statement of financial activities includes all gains and losses recognised during the year.

The notes on pages 8 to 12 form part of these financial statements.

5

Kingdon House Community Association

Year ended 30 April 2022

Balance Sheet

Notes Fixed assets Tangible assets 8 Current assets Debtors 9 Cash and cash equivalents Creditors:Amounts falling due within one year 10 Net Current Assets TOTAL ASSETS LESS CURRENT LIABILITIES Total Net Assets CAPITAL AND RESERVES Unrestricted funds General reserves 11 Total Charity Funds	£ 1,812 31,070	2022 £ 45,298	£ 283 25,046	2021 £ 44,762
		45,298 32,102		44,762 24,579
	32,882 (780)		25,329 (750)
		77,400		69,341
		77,400		69,341
		77,400		69,341
		77,400		69,341

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 30 April 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The financial statements were approved and authorised for issue by the Board on 27 October 2022 and signed on their behalf by:

J Houghton

Trustee

The notes on pages 8 to 12 form part of these financial statements.

6

Kingdon House Community Association

Year ended 30 April 2022

Statement of Cash Flows

Net cash generated from/(used in) operating activities(see below) Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash flows from investing activities Net increase/ (decrease) in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Cash flows from operating activities Surplus/(Deficit) for the year Depreciation of tangible fixed assets Investment income Working capital adjustments: (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash generated from/(used in) operating activities	2022 £ 6,937 (973) 60 (913) 6,024 25,046 31,070 2022 £ 8,059 437 (60) 8,436 (1,529) 30 6,937	2021 £ (23,487) 107
		107 (23,380) 48,426
		25,046
		2021 £ (23,895) 258 (107)
		(23,744) 258 (1)
		(23,487)

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Kingdon House Community Association

Year ended 30 April 2022

Notes to the Accounts

1. Accounting policies

Basis of preparation

The financial statements are prepared on a going concern basis, under the historical cost convention, as modified by certain assets measured at fair value through the income statement.

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 (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102 and the Companies Act 2006.

Income

Income is derived from one class of business comprising charges for use of rooms.

Interest receivable and other income

Interest receivable is recognised using the effective interest rate method. Other income consists of dividend income, which is recognised when the right to receive payment is established, and the release of the social housing association grant (SHG), which is recognised on a systematic basis over the expected life of the asset.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible assets

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, and costs directly attributable to bringing the asset to its working condition for its intended use. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures, fittings and equipment 25% reducing balance

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

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Kingdon House Community Association

Year ended 30 April 2022

Notes to the Accounts (continued)

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand, deposits held with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. Company status

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

9

Kingdon House Community Association

Year ended 30 April 2022

Notes to the Accounts (continued)

3. Income from donations and legacies Donations and fundraising 4. Income from charitable activities Community room hire WDBC running costs grant Grant for building CJRS grants received 5. Income from investments Deposit account interest 6. Expenditure on charitable activities Community room hire Grant for building works 7. Other expenditure Publicity Website development Employee costs Depreciation of fixed assets General administrative costs Legal and professional costs	2022 £ 2,593 2,593 2022 £ 22,142 13,817 940 1,115 38,014 2022 £ 60 2022 £ 19,909 - 19,909 2022 £ - - 10,230 437 1,282 750 12,699	2021 £ 213
		213
		2021 £ 6,309 12,003 - 6,467
		24,779
		2021 £ 107
		2021 £ 12,162 24,435
		36,597
		2021 £ 16 126 9,937 258 1,310 750
		12,397

Employee costs comprise salaries and wages. No employee received emoluments in excess of £60,000.

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Kingdon House Community Association

Year ended 30 April 2022

Notes to the Accounts (continued)

8. Tangible fixed assets

Cost At 1 May 2021 Additions At 30 April 2022 Accumulated depreciation At 1 May 2021 Depreciation charge for year At 30 April 2022 Net Book Values At 30 April 2022 At 30 April 2021	Land and building £ 43,987 43,987 . . . 43,987 43,987	Fixtures and Fittings £ 1,377 973 2,350 602 437 1,039 1,311 775	Total £ 45,364 973
			46,337
			602 437
			1,039
			45,298
			44,762

9. Debtors

9. Debtors
Trade debtors 10. Creditors: Amounts falling due within one year Accruals	2022 £ 1,812 1,812 2022 £ 780 780	2021 £ 283
		940
		2021 £ 750
		10,346

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Kingdon House Community Association

Year ended 30 April 2022

Notes to the Accounts (continued)

11. Reserves

At 1 May 2020 Surplus/(deficit) for year At 1 May 2021 Surplus/(deficit) for year At 30 April 2022	Unrestricted general reserve Total £ £ 93,236 93,236 (23,895) (23,895)
	69,341 69,341 8,059 8,059
	77,400 77,400

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Kingdon House Community Association

Year ended 30 April 2022

Detailed Profit and Loss Account

Income Donations and legacies Donations and fundraising Charitable activities Community room hire Grants for building works Government grants CJRS grants received Investments Deposit account interest Total income and endowments Expenditure Charitable activities Community room hire Grants for building works Total expenditure on charitable activities Other expenditure Publicity Website development Salaries and wages Depreciation of fixtures, fittings and equipment Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Audit/Independent examination fees Total Expenditure Surplus/(Deficit) for the year	2022 £ 2,593 2,593 22,142 940 13,817 1,115 38,014 60 60 40,667 19,909 - 19,909 - - 10,230 437 30 50 56 80 381 685 750 12,699 (32,608) 8,059	2021 £ 213
		213
		6,309 - 12,003 6,467
		24,779
		107
		107
		25,099 12,162 24,435
		36,597
		16 126 9,937 258 26 34 38 80 351 781 750
		12,397
		(48,994)
		(23,895)

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