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REGISTERED COMPANY NUMBER: 08163367 (England and Wales) REGISTERED CHARITY NUMBER: 1153133
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2021
FOR
STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
DocuSign Envelope ID: B240D3D0-875A-4B61-99DC-EB2C6999167C
STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
DocuSign Envelope ID: B240D3D0-875A-4B61-99DC-EB2C6999167C
STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021
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 July 2021. 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).
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
08163367 (England and Wales)
Registered Charity number
1153133
Registered office
Standbridge Community Centre Standbridge Lane Wakefield West Yorkshire WF2 7NP
Trustees
Mr N Ahmed Teacher Miss O Ekpeh Project Worker (resigned 19.4.22) Mrs M L Graham None (resigned 19.4.22) Mrs M A Mortimer None Mr A Nwagwu Education Mr M Roberts Private Hire Driver Mr A R Hall Management Consultant (resigned 1.12.20) Mr A D Nelson Managing Director (appointed 1.12.20) (resigned 18.3.22)
Independent Examiner
Sherice Parfitt ACCA Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 19 April 2022 and signed on its behalf by:
Mrs M A Mortimer - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
Independent examiner's report to the trustees of Standbridge Lane Community Development Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2021.
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
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:
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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
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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
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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.
Sherice Parfitt ACCA Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
19 April 2022
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Charitable activities General 11,751 Other trading activities 2 38,870 Total 50,621 EXPENDITURE ON Raising funds - Charitable activities General 48,443 Total 48,443 NET INCOME/(EXPENDITURE) 2,178 RECONCILIATION OF FUNDS Total funds brought forward 122,568 TOTAL FUNDS CARRIED FORWARD 124,746 |
Restricted fund £ 52,504 - - 52,504 - 59,688 59,688 (7,184) 57,924 50,740 |
2021 Total funds £ 52,504 11,751 38,870 103,125 - 108,131 108,131 (5,006) 180,492 175,486 |
2020 Total funds £ 110,925 - 63,270 174,195 1,212 161,449 162,661 11,534 168,958 180,492 |
|---|---|---|---|
The notes form part of these financial statements
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
BALANCE SHEET 31 JULY 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 108,868 CURRENT ASSETS Debtors 8 6,853 Cash at bank and in hand 16,786 23,639 CREDITORS Amounts falling due within one year 9 (7,761) NET CURRENT ASSETS 15,878 TOTAL ASSETS LESS CURRENT LIABILITIES 124,746 NET ASSETS 124,746 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 1,825 - 48,915 48,915 - 48,915 50,740 50,740 |
2021 Total funds £ 110,693 6,853 65,701 72,554 (7,761) 64,793 175,486 175,486 124,746 50,740 175,486 |
2020 Total funds £ 116,063 1,768 67,540 69,308 (4,879) 64,429 180,492 180,492 122,568 57,924 180,492 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 notes form part of these financial statements
continued...
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
BALANCE SHEET - continued 31 JULY 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 April 2022 and were signed on its behalf by:
Mrs M A Mortimer - Trustee
Virtual Signed
Mr A Nwagwu - Trustee
Mrs M L Graham - Trustee
Mr N Ahmed - Trustee
Mr M Roberts - Trustee
Virtual Signed
Miss O Ekpeh - Trustee
The notes form part of these financial statements
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 8 years Computer equipment - 20% Straight line
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...
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
2. OTHER TRADING ACTIVITIES
| Fundraising events 3. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets 4. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries |
2021 £ 38,870 2021 £ 5,370 2021 £ 22,162 |
2020 £ 63,270 2020 £ 5,368 2020 £ 21,744 |
|---|---|---|
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| Support staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 251 Other trading activities 62,338 Total 62,589 EXPENDITURE ON Raising funds 1,212 Charitable activities General 68,039 Total 69,251 NET INCOME/(EXPENDITURE) (6,662) |
2021 2 Restricted fund £ 110,674 932 111,606 - 93,410 93,410 18,196 |
2020 2 Total funds £ 110,925 63,270 174,195 1,212 161,449 162,661 11,534 |
|---|---|---|
continued...
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ RECONCILIATION OF FUNDS Total funds brought forward 129,230 TOTAL FUNDS CARRIED FORWARD 122,568 7. TANGIBLE FIXED ASSETS Fixtures Short and leasehold fittings £ £ COST At 1 August 2020 and 31 July 2021 117,950 15,171 DEPRECIATION At 1 August 2020 13,157 7,758 Charge for year 2,359 1,897 At 31 July 2021 15,516 9,655 NET BOOK VALUE At 31 July 2021 102,434 5,516 At 31 July 2020 104,793 7,413 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors |
continued Restricted fund £ 39,728 57,924 Computer equipment £ 13,142 9,285 1,114 10,399 2,743 3,857 2021 £ 6,853 |
Total funds £ 168,958 180,492 Totals £ 146,263 30,200 5,370 35,570 110,693 116,063 2020 £ 1,768 |
|---|---|---|
continued...
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors Accrued expenses |
2021 £ 6,714 86 961 7,761 |
2020 £ 4,039 - 840 4,879 |
|---|---|---|
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.8.20 £ 122,568 57,924 180,492 Incoming resources £ 50,621 52,504 103,125 At 1.8.19 £ 129,230 39,728 168,958 |
Net movement At in funds 31.7.21 £ £ 2,178 124,746 (7,184) 50,740 (5,006) 175,486 Resources Movemen expended in funds £ £ (48,443) 2,178 (59,688) (7,184) (108,131) (5,006) Net movement At in funds 31.7.20 £ £ (6,662) 122,568 18,196 57,924 11,534 180,492 |
|---|---|---|
continued...
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 62,589 111,606 174,195 |
Resources Movement expended in funds £ £ (69,251) (6,662) (93,410) 18,196 (162,661) 11,534 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 1.8.19 £ 129,230 39,728 168,958 |
Net movement in funds £ (4,484) 11,012 6,528 |
At 31.7.21 £ 124,746 50,740 175,486 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 113,210 164,110 277,320 |
Resources Movement expended in funds £ £ (117,694) (4,484) (153,098) 11,012 (270,792) 6,528 |
|---|---|---|
continued...
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021
11. CONTINGENT LIABILITIES
It has been brought to the trustees attention that no water rates have been charged to the charity in relation to the freehold property since its acquisition from Wakefield Council. It may transpire that the council have maintained payment of the rates to Yorkshire Water and therefore no liability will ensue. As the amount is as yet unquantifiable and very much uncertain no monetary adjustments have been made to the accounts.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2021.
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Charitable activities Grants Total incoming resources EXPENDITURE Other trading activities Bad debts Support costs Management Trustees' salaries Wages Pensions Insurance Light and heat Telephone Printing postage stationery Advertising and promotional Sundries Short leasehold Fixtures and fittings Computer equipment Repairs Cleaning and hygiene Repairs and renewals Computers and software Equipment Grounds Health and safety Governance costs Sundries Accountancy fees Carried forward |
2021 £ 52,504 38,870 11,751 103,125 - 22,162 4,843 442 3,333 16,461 1,205 - 310 921 2,359 1,897 1,113 55,046 5,077 35,679 409 1,791 1,586 1,412 45,954 - 1,470 1,470 |
2020 £ 110,925 63,270 - 174,195 1,212 21,744 2,421 420 3,203 13,935 2,906 154 245 2,721 2,359 1,896 1,113 53,117 8,375 82,793 216 682 2,274 521 94,861 179 760 939 |
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This page does not form part of the statutory financial statements
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STANDBRIDGE LANE COMMUNITY DEVELOPMENT TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021
| Governance costs Brought forward Legal fees Total resources expended Net (expenditure)/income |
2021 £ 1,470 5,661 7,131 108,131 (5,006) |
2020 £ 939 12,532 13,471 162,661 11,534 |
|---|---|---|
This page does not form part of the statutory financial statements
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