Westmill Community Association Trustees Report 2022-23
The Association fulfils its responsibility by managing the centre and its activities in compliance with all statutory and financial regulations.
The Association has continued to provide its service to members and users with the provision of a range of activities, for all ages. The Association also manages the outside hire of the building for residents.
New activities have taken place this year with the involvement of the local housing Association as well as health providers, who have run new activities at the centre. Hire from local residents has increased.
The treasurer has worked hard to review the financial affairs of the centre. There have been increases in hiring fees which have led to a more stable financial position. Although outgoings have been high due to increase in utilities bills new hirers including a long term committed hirer have proven effective in controlling the finances.
We continue to work with the local Housing Association as a part of the local area regeneration. Phase 1 and 2 now complete. Policies and procedures will be modified in preparation for operating from the new site. The committee has been steady with members, and we continue to look for more.
Will be looking to get more volunteers to organise activities at the centre. The Trustees are very grateful for the continuing support of group members, especially in difficult circumstances, working within a new building.
Trustees/Directors
Vicky Pooley Romina Whitelock Claire Billing Trevor Gillard (Treasurer) Nadine Gilbert (Secretary)
Financial Statements for the Year Ended 31 March 2023
for
Westmill Community Association
Westmill Community Association
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |
|---|---|
| Income Statement | 1 |
| Balance Sheet | 2 |
| Detailed Income and Expenditure Account | 4 |
| Detailed Balance Sheet | 5 |
Westmill Community Association
Income Statement
for the Year Ended 31 March 2023
| TURNOVER Other income Staff costs Other charges Taxation DEFICIT |
2023 £ 60,246 - (43,999) (29,014) - (12,767) |
2022 £ 46,825 30,870 (44,267) (35,486) - (2,058) |
|---|---|---|
Page 1
Westmill Community Association (Registered number: 08504884)
Balance Sheet 31 March 2023
| FIXED ASSETS CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES |
2023 £ 18,289 (4,125) |
£ 1,835 14,164 15,999 15,999 |
2022 £ 31,542 (4,611) |
£ 1,835 26,931 |
|---|---|---|---|---|
| 28,766 | ||||
| 28,766 |
NOTES TO THE FINANCIAL STATEMENTS
1. STATUTORY INFORMATION
Westmill Community Association is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 08504884 Registered office: Westmill Community Centre John Barker Place Hitchin Hertfordshire SG5 2PG
2. AVERAGE NUMBER OF EMPLOYEES
The average number of employees during the year was 2 (2022 - 2).
continued...
Page 2
Westmill Community Association (Registered number: 08504884)
Balance Sheet - continued 31 March 2023
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which 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 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 company.
The financial statements have been prepared in accordance with the micro-entity provisions.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2024 and were signed on its behalf by:
Mrs V Pooley - Director
Page 3
Westmill Community Association
Detailed Income and Expenditure Account for the Year Ended 31 March 2023
| Sales Cost of sales Other direct costs GROSS SURPLUS Other income Sundry receipts Expenditure Wages Pensions Rates and water Light and heat Telephone Post and stationery Advertising Other non property insurances Licences Repairs and renewals Household and cleaning Computer costs Equipment expensed Sundry expenses Accountancy Other legal & professional Donations Finance costs Bank charges NET DEFICIT |
2023 £ 42,455 1,544 1,209 7,564 988 217 219 3,225 1,647 1,127 857 559 67 200 960 13 - |
£ 60,246 9,845 50,401 - 50,401 62,851 (12,450) 317 (12,767) |
2022 £ 42,721 1,546 2,227 8,734 2,263 175 179 3,338 507 2,775 569 1,435 2,032 41 960 13 250 |
£ 46,825 9,782 37,043 30,870 67,913 69,765 (1,852) 206 (2,058) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 4
Westmill Community Association
Detailed Balance Sheet for the Year Ended 31 March 2023
| FIXED ASSETS Fixtures and fittings CURRENT ASSETS Stocks Trade debtors Other debtors Bank account no. 1 Cash in hand CREDITORS Amounts falling due within one year Bank account no. 2 Trade creditors Accrued expenses NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS RESERVES Income and expenditure account |
2023 £ 1,835 350 3,662 715 12,824 738 18,289 - (2,205) (1,920) (4,125) 14,164 15,999 15,999 15,999 |
2022 £ 1,835 200 3,554 1,473 25,909 406 31,542 (68) (3,583) (960) (4,611) 26,931 28,766 28,766 28,766 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 5
Financial Statements for the Year Ended 31 March 2023
for
Westmill Community Association
Westmill Community Association
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |
|---|---|
| Income Statement | 1 |
| Balance Sheet | 2 |
| Detailed Income and Expenditure Account | 4 |
| Detailed Balance Sheet | 5 |
Westmill Community Association
Income Statement
for the Year Ended 31 March 2023
| TURNOVER Other income Staff costs Other charges Taxation DEFICIT |
2023 £ 60,246 - (43,999) (29,014) - (12,767) |
2022 £ 46,825 30,870 (44,267) (35,486) - (2,058) |
|---|---|---|
Page 1
Westmill Community Association (Registered number: 08504884)
Balance Sheet 31 March 2023
| FIXED ASSETS CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES |
2023 £ 18,289 (4,125) |
£ 1,835 14,164 15,999 15,999 |
2022 £ 31,542 (4,611) |
£ 1,835 26,931 |
|---|---|---|---|---|
| 28,766 | ||||
| 28,766 |
NOTES TO THE FINANCIAL STATEMENTS
1. STATUTORY INFORMATION
Westmill Community Association is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 08504884 Registered office: Westmill Community Centre John Barker Place Hitchin Hertfordshire SG5 2PG
2. AVERAGE NUMBER OF EMPLOYEES
The average number of employees during the year was 2 (2022 - 2).
continued...
Page 2
Westmill Community Association (Registered number: 08504884)
Balance Sheet - continued 31 March 2023
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which 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 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 company.
The financial statements have been prepared in accordance with the micro-entity provisions.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2024 and were signed on its behalf by:
Mrs V Pooley - Director
Page 3
Westmill Community Association
Detailed Income and Expenditure Account for the Year Ended 31 March 2023
| Sales Cost of sales Other direct costs GROSS SURPLUS Other income Sundry receipts Expenditure Wages Pensions Rates and water Light and heat Telephone Post and stationery Advertising Other non property insurances Licences Repairs and renewals Household and cleaning Computer costs Equipment expensed Sundry expenses Accountancy Other legal & professional Donations Finance costs Bank charges NET DEFICIT |
2023 £ 42,455 1,544 1,209 7,564 988 217 219 3,225 1,647 1,127 857 559 67 200 960 13 - |
£ 60,246 9,845 50,401 - 50,401 62,851 (12,450) 317 (12,767) |
2022 £ 42,721 1,546 2,227 8,734 2,263 175 179 3,338 507 2,775 569 1,435 2,032 41 960 13 250 |
£ 46,825 9,782 37,043 30,870 67,913 69,765 (1,852) 206 (2,058) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 4
Westmill Community Association
Detailed Balance Sheet for the Year Ended 31 March 2023
| FIXED ASSETS Fixtures and fittings CURRENT ASSETS Stocks Trade debtors Other debtors Bank account no. 1 Cash in hand CREDITORS Amounts falling due within one year Bank account no. 2 Trade creditors Accrued expenses NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS RESERVES Income and expenditure account |
2023 £ 1,835 350 3,662 715 12,824 738 18,289 - (2,205) (1,920) (4,125) 14,164 15,999 15,999 15,999 |
2022 £ 1,835 200 3,554 1,473 25,909 406 31,542 (68) (3,583) (960) (4,611) 26,931 28,766 28,766 28,766 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 5