Registered number: 08588589 Charity number: 1155278
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 7 |
| Trustees' Responsibilities Statement | 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 - 12 |
| Notes to the Financial Statements | 13 - 23 |
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2023
| Trustees | D L Brooks-Hutchinson, Trustee |
|---|---|
| L Edwards, Trustee | |
| R Clarke, Trustee | |
| Company registered number 08588589 Charity registered number 1155278 Registered office Belvedere House Community Resource Centre Lemon Grove Feltham Middlesex TW13 4DH Independent examiner Desaur LLP Chartered Certified Accountants CEME Campus Marsh Way Rainham Essex RM13 8EU |
Page 1
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023
The Trustees present their annual report together with the financial statements of the Company for the 1 July 2022 to 30 June 2023. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) 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 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
To further or benefit the residents of Feltham and the neighbourhood by bringing together the residents and the local authorities, voluntary groups, and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare with the objective of improving the conditions of life for the residents.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Trustees
We currently have 3 trustees who have a history of committed active community involvement –
Richard Clarke
Lauren Edwards
Danielle Hutchinson
During the current financial year, we were also assisted by Committee members Susie John and Raheela Narchoor.
We are looking to build an even stronger committee and trustee board to help secure the future of the resource centre and the charity; to this end, within the first few months of the 2023/2024 financial year we recruited five additional Committee members who we are very excited to work with – Lyndon Baptiste, Paul Gibbinson, Allan Joseph, Shahine Korimbocus and Jermaine McLeod.
Achievements and performance
a. Main achievements of the Company
Adult Education
Community Keys continues to arrange a variety of adult education courses through provider Learning Curve. The courses are popular, and we have had many students returning to attend different courses throughout the year. The courses also provide opportunities for attendees to learn about and access other FCDA provisions.
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FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023
Achievements and performance (continued)
During the 2022/2023 financial year, the courses delivered included Early Years Education Level 2, Understanding Autism, Challenging Behaviour, Counselling Skills, and Support Work in Schools. The start of the 2023/2024 year also saw the start of two popular ESOL (English Speakers of Other Languages) classes.
Centre for Human Development
The CHD is an OISC-accredited and CPD-certified organisation that supports women to help them understand their immigration status in relation to work or setting up a business, and also advises victims of domestic abuse who want to leave partners but are concerned about their immigration status.
The CHD has rented space in the Centre to provide personalised skills, knowledge, and information services to BAME women whose education or employment have been disrupted by conflict / migration, long-term unemployment, and other life-changing events.
FCDA Centre Refurbishment
During the 2023/2024 year, we applied for and received a substantial grant from Hounslow’s Thriving Community Capital Fund (in the amount of £42,840.57) for the refurbishment of our Centre! The funding was used to (1) repaint all the internal walls, (2) lay new flooring in three rooms, (3) buy new furniture and equipment for several rooms, (4) purchase a new cooker, (5) purchase and install new blinds on all the windows, (6) install new toilets, and (7) complete a variety of small repairs and purchases to improve the comfort and aesthetics of the Centre.
FCDA Sewing Club
The FCDA Sewing Club (funded by Hounslow’s Thriving Community Fund with a £24,714 grant awarded in December 2022) has been successful beyond anything we had hoped. Classes have been running during termtime since February 2023, three classes a week with an average of 5 students in each class, and will continue to do so until February 2024.
The workshops are delivered by experienced Tutor, Kim Lee. She is a skilled sewing teacher who is also PTTLS-qualified, and has vast experience in delivering such workshops, including the six-week workshop held at the FCDA in the previous financial year.
The classes have proved so successful that the FCDA has opened up an additional room in the Centre for “graduates” of the class to use for their sewing projects. With the encouragement of Kim, they are invited to come in at the same time as the classes are running, and request assistance from Kim and her assistants. They also enjoy the social and community aspects of the activity, with many students returning regularly to visit with their new community and to share news of their current sewing projects.
The feedback received from students has been phenomenal, and the positive impact of these classes will be felt for many years to come.
Feltham Arts’ Creative Thursdays
Feltham Arts rents space at the Centre for their long-running Mosaics Class, for referred local adults who support the design and creation of beautiful public artworks for the area with resident community artist Susie John.
The past year also saw Feltham Arts, together with the Hounslow Wellbeing Network, run a separate sevenweek Mosaic class, also facilitated by Susie, focused on increasing social wellbeing and interaction between vulnerable residents.
Page 3
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023
Achievements and performance (continued)
Pulse Youth Club
Pulse Youth Club continues to be run through the FCDA, in partnership with local youth organisation Rise and Thrive. Pulse has been a real success; it has exceeded expectations. Our aim is to offer even more provision for the community and to bring the community closer together.
Pulse facilitator Darren Beecroft is currently looking into what funding is available, as the initial start-up funding – received via the Hounslow’s Thriving Community and Safer Communities Funds – is now depleted.
The Reach Foundation
The Reach Children's Hub rents the Centre on Wednesdays to run a drop-in session for parents called Our House. The Hub team provides a warm, welcoming space for people experiencing multiple vulnerabilities, particularly social isolation. People cook and eat together, do crafts, there is a creche facility, and parenting courses in the afternoon. The Hub also works in collaboration with Surplus to Supper and the Hounslow Council (Thriving Communities Fund) to provide food packages for the community on Wednesdays.
b. Fundraising activities and income generation
Income and Expenditure
The charity generates revenue in two ways. Firstly, through the receipt of funding for various community projects. An appropriate portion of each grant is set aside (as per the application) for FCDA expenses such as venue hire, administrative duties, utilities, and staff costs. Secondly, revenue is generated by third-party hiring of rooms for community interest groups. We have a sliding scale of charges from free (if the activity has strong community value and the organising group does not have funding) to up to £25 per room per hour for organisations that are not community-driven.
FCDA expenses fall into two categories, namely (1) expenses that are related to and paid for by external funding (mainly grants), and (2) expenses incurred in the running of the organisation itself and the Centre.
Financial review
a. Financial Position
FCDA's financial position at the end of this period is shown in the financial statements following. Income and expenditure increased in the period due the activities carried out in the year. The trustees are pleased to report the financial position of FCDA as stable despite the various challenges in the year.
b. Going Concern
It is the intention of the trustees to keep the charity viable until we can resume working for the local community. We will also be looking to apply for grants from both Council and other institutions. The current trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 4
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023
c. Reserves Policy
The Trustees have examined the charity's requirements for reserves needed to meet the working capital requirements of the charity and they are confident that FCDA is able to continue the current charitable activities.
Structure, governance and management
a. Constitution
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 14 November 2013 and is a registered charity number 1155278.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Based on the Board of Trustees’ skills audit, trustee recruitment is undertaken to seek candidates with the skills sets identified. FCDA operates an open recruitment process using appropriate recruitment sites, local and socialmedia. Prospective candidates are asked to provide a CV and demonstrate the skills they would bring to theboard and why they wish to engage with the charity. An opportunity to visit the operational site and or, attend a Trust Board meeting as an observer is made. Respondents are then asked to complete a Trustee application form and attend for interview and are appointed by a majority vote by existing Trustees. Following completion of the declaration of interest form and agreeing to a DBS, Trustees are then appointed and registered as Directors of the Company.
FCDA also co-opts members to the Trust Board, a direct invitation is made by the Trustees if a candidate is know to have a required skill set. Co-opted members are asked to follow the same appointment process as Trustees. Co-opted members have full board voting rights but are not required to become Director’s of the Company.
None of the members of the Trustees has any beneficial interest in the company. All of the members of the Trustees are members of the company and guarantee to contribute £10 in the event of a winding up.
c. Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 5
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023
Plans for future periods
Once again, the FCDA is looking to the new year with ambitious plans and goals!
Current External Groups (using the Centre, not run by FCDA)
We are happy to confirm that most of the groups that used the Centre on an ongoing basis during the 2022/2023 financial year will continue to do so in the 2023/2024 financial year. This includes:
-
Anna’s Art afterschool classes (sadly coming to an end in December 2023)
-
Community Keys Adult Education courses
-
Feltham Arts’ Creative Thursdays
-
Reach Children's Hub’s programme Our House
-
Svitanok Ukrainian Culture and Language School
-
Trinity School of Carnatic Music
-
West London Tamil School
Please visit https://fcda.org.uk/activities/ for more information on any of these worthwhile community activities..
Combating Anti-Social Behaviour
We have recently applied for and received a grant of £29,347.00 for our project aiming to combat anti-social behaviour. The project consists of three parts, all of which will run throughout 2024:
1.FCDA ManCave
The creation and year-long support of the FCDA ManCave, a space where men can engage in a variety of healthy recreational pursuits.
2.Football Association Coach training
The training of 18 individuals to become youth football coaches, via an accredited Football Association course including prerequisite First Aid and Safeguarding training.
3.Skill Builders for Youth
The provision of three categories of education – (a) First Aid training and potential NHS careers, (b) Coding, Website Development, and careers in a digital world, and (c) Financial Literacy.
Arts & Crafts Provision
The FCDA has always enjoyed providing local residents with a variety of art and crafts activities which allow individuals to express themselves creatively, interact with fellow residents, and participate in mindful and stimulating activities. Over the last year, we have noticed an increase in the number of people interested in these types of classes, and conversely, a decrease in their availability. This decrease is due mainly to a lack of funding, where facilitators are eager to continue but are finding it financially unfeasible despite them often making many sacrifices on their part. For this reason, we will be applying in 2023/2024 for funding for a large Arts & Crafts provision, which will encompass many different forms of art and cater to several different age groups.
Page 6
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................
L Edwards
Date: 1 March 2024
Page 7
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2023
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 1 March 2024 and signed on its behalf by:
................................................
L Edwards
Page 8
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023
Independent Examiner's Report to the Trustees of Feltham Community Development Association ('the Company')
We report to the charity Trustees on our examination of the accounts of the Company for the year ended 30 June 2023.
Responsibilities and Basis of Report
As the Trustees of the Company (and 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 ourselves 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, we report in respect of our examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us 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)].
We 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.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the Company's Trustees those matters we are required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for our work or for this report.
Signed:
Signed: Dated: 1 March 2024 Jaswinder S Vasir MAAT, FCCA
Desaur LLP
Chartered Certified Accountants CEME Campus Marsh Way Rainham Essex RM13 8EU
Page 9
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2023
| Note Income from: Donations and legacies 3 Investments 4 Other income Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2023 £ 17,719 36 371 18,126 25,688 25,688 (7,562) 10,335 (7,562) 2,773 |
Restricted funds 2023 £ 37,527 - - 37,527 27,255 27,255 10,272 23,211 10,272 33,483 |
Total funds 2023 £ 55,246 36 371 55,653 52,943 52,943 2,710 33,546 2,710 36,256 |
Total funds 2022 £ 13,798 1 15,411 |
|---|---|---|---|---|
| 29,210 | ||||
| 23,866 | ||||
| 23,866 | ||||
| 5,344 | ||||
| 28,202 5,344 |
||||
| 33,546 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 23 form part of these financial statements.
Page 10
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee) REGISTERED NUMBER: 08588589
BALANCE SHEET AS AT 30 JUNE 2023
| Note Tangible assets 10 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
37,877 37,877 (2,147) |
2023 £ 526 526 35,730 36,256 36,256 36,256 33,483 2,773 36,256 |
36,085 36,085 (2,539) |
2022 £ - |
|---|---|---|---|---|
| - 33,546 |
||||
| 33,546 | ||||
| 33,546 | ||||
| 33,546 | ||||
| 23,211 10,335 |
||||
| 33,546 |
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 01 March 2024 and signed on their behalf by:
Page 11
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee) REGISTERED NUMBER: 08588589
BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2023
................................................
L Edwards
The notes on pages 13 to 23 form part of these financial statements.
Page 12
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. General information
Feltham Community Development Association is a private company limited by guarantee incorporated in England and Wales. The registered office is Belvedere House Community Resource Centre, Lemon Grove, Feltham, Middlesex, TW13 4DH.
The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Feltham Community Development Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The trustees have considered the current economic uncertainty and price volatility caused by economic conditions. Despite this, the charity continues to carry out its functions and plans on continuing business as normal.
On this basis, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity
Page 13
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
2. Accounting policies (continued)
2.4 Expenditure (continued)
and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
Fixtures and fittings - 20%
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Page 14
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
2. Accounting policies (continued)
2.8 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
3. Income from donations and legacies
| Grants Grants |
Unrestricted funds 2023 £ 17,719 Unrestricted funds 2022 £ 960 |
Restricted funds 2023 £ 37,527 Restricted funds 2022 £ 12,838 |
Total funds 2023 £ 55,246 |
|---|---|---|---|
| Total funds 2022 £ 13,798 |
4. Investment income
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2023 | 2023 | |
| £ | £ | |
| Interest receivable | 36 | 36 |
Page 15
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
4. Investment income (continued)
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2022 | |
| £ | £ | |
| Interest receivable | 1 | 1 |
5. Analysis of expenditure on charitable activities
Summary by fund type
| Courses and projects Courses and projects |
Unrestricted funds 2023 £ 25,688 Unrestricted funds 2022 £ 18,201 |
Restricted funds 2023 £ 27,255 Restricted funds 2022 £ 5,665 |
Total 2023 £ 52,943 |
|---|---|---|---|
| Total 2022 £ 23,866 |
Summary by expenditure type
| Staff costs | Depreciation | Other costs | Total | |
|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | |
| Community and youth projects | 9,587 | 132 | 43,224 | 52,943 |
Page 16
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
5. Analysis of expenditure on charitable activities (continued)
Summary by expenditure type (continued)
| Staff costs | Other costs | Total | |
|---|---|---|---|
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Community and youth projects | 9,677 | 14,189 | 23,866 |
6. Analysis of expenditure by activities
| Community and youth projects Community and youth projects Analysis of direct costs Charitable activities |
Activities undertaken directly 2023 £ 19,282 Activities undertaken directly 2022 £ 6,671 |
Support costs 2023 £ 33,661 Support costs 2022 £ 17,195 Charitable events 2023 £ 19,282 |
Total funds 2023 £ 52,943 |
|---|---|---|---|
| Total funds 2022 £ 23,866 |
|||
| Total funds 2023 £ 19,282 |
Page 17
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
6. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Charitable activities Analysis of support costs Staff costs Depreciation Administration costs Governance costs Staff costs Administration costs Governance costs 7. Independent examiner's remuneration Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts |
Charitable events 2022 £ 6,671 Charitable events 2023 £ 9,587 132 22,862 1,080 33,661 Charitable events 2022 £ 9,677 6,437 1,081 17,195 2023 £ 1,080 |
Total funds 2022 £ 6,671 |
|---|---|---|
| Total funds 2023 £ 9,587 132 22,862 1,080 |
||
| 33,661 | ||
| Total funds 2022 £ 9,677 6,437 1,081 |
||
| 17,195 | ||
| 2022 £ 1,080 |
Page 18
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
8. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2023 £ 9,280 34 273 9,587 |
2022 £ 9,633 44 - |
|---|---|---|
| 9,677 |
The average number of persons employed by the Company during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Support | 1 | 1 |
No employee received remuneration amounting to more than £60,000 in either year.
Page 19
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .
During the year ended 30 June 2023, no expenses were reimbursed to trustees (2022 - £NIL ).
10. Tangible fixed assets
| Cost or valuation Additions At 30 June 2023 Depreciation Charge for the year At 30 June 2023 Net book value At 30 June 2023 At 30 June 2022 |
Fixtures and fittings £ 658 |
|---|---|
| 658 | |
| 132 | |
| 132 | |
| 526 | |
| - |
11. Creditors: Amounts falling due within one year
| Other taxation and social security Pension fund loan payable Other creditors Accruals and deferred income |
2023 £ 34 64 789 1,260 2,147 |
2022 £ - 250 - 2,289 |
|---|---|---|
| 2,539 |
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FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds LB Hounslow Total of funds Statement of funds - prior year Unrestricted funds General Funds - all funds Restricted funds LB Hounslow Total of funds |
Balance at 1 July 2022 £ 10,335 23,211 33,546 Balance at 1 July 2021 £ 12,164 16,038 28,202 |
Income £ 18,126 37,527 55,653 Income £ 16,372 12,838 29,210 |
Expenditure £ (25,688) (27,255) (52,943) Expenditure £ (18,201) (5,665) (23,866) |
Balance at 30 June 2023 £ 2,773 |
|---|---|---|---|---|
| 33,483 | ||||
| 36,256 | ||||
| Balance at 30 June 2022 £ 10,335 |
||||
| 23,211 | ||||
| 33,546 |
Page 21
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
13. Summary of funds
Summary of funds - current year
| General funds Restricted funds Summary of funds - prior year General funds Restricted funds |
Balance at 1 July 2022 £ 10,335 23,211 33,546 Balance at 1 July 2021 £ 12,164 16,038 28,202 |
Income £ 18,126 37,527 55,653 Income £ 16,372 12,838 29,210 |
Expenditure £ (25,688) (27,255) (52,943) Expenditure £ (18,201) (5,665) (23,866) |
Balance at 30 June 2023 £ 2,773 33,483 |
|---|---|---|---|---|
| 36,256 | ||||
| Balance at 30 June 2022 £ 10,335 23,211 |
||||
| 33,546 |
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2023 £ Tangible fixed assets 526 Current assets 4,394 Creditors due within one year (2,147) Total 2,773 |
Restricted funds 2023 £ - 33,483 - 33,483 |
Total funds 2023 £ 526 37,877 (2,147) 36,256 |
|---|---|---|
Page 22
FELTHAM COMMUNITY DEVELOPMENT ASSOCIATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
14. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 12,874 (2,539) 10,335 |
Restricted funds 2022 £ 23,211 - 23,211 |
Total funds 2022 £ 36,085 (2,539) 33,546 |
|---|---|---|---|
15. Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £273 (2022 - £Nil). At the balance sheet date there was £64 (2022: £250) payable to the fund.
16. Related party transactions
The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 30 June 2023.
Page 23