2023-03-31-accounts - Riverside Community Association Limited

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Registered Charity Number: 1156422

RIVERSIDE COMMUNITY ASSOCIATION LIMITED

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023

Registered Charity Number : 1156422

RIVERSIDE COMMUNITY ASSOCIATION LIMITED

CONTENTS	Page
Reference and Administrative Information	1
Trustee’s Report	2
Independent Examiners Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6

Registered Charity Number: 1156422

RIVERSIDE COMMUNITY ASSOCIATION LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Reference and Administrative Information

Charity Name: Riverside Community Association Limited Registered Charity number: 1156422 Registered Office: Riverside Centre, 113 Culvers Avenue, Carshalton, SM5 2FJ

Trustees:

The Trustees who served during the period were as follows:

Mr Roger Thistle Mr Roger Mills Mr Robert Frogley Mrs Rebecca Kramer Mr Colin Wells

Bankers: Lloyds Bank, High Street, PO Box 1000, Sutton, BX1 1LT Insurers: Ansvar Insurance, Ansvar House, St Leonards Road, Eastbourne, East Sussex, BN21 3UR

Accountants: Community Action Sutton Granfers Community Centre 73-79 Oakhill Road Sutton SM1 1AA

RIVERSIDE COMMUNITY ASSOCIATION LIMITED

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

This report was approved by the Trustees on

r 2023 and signed on their behalf by:

Mrs Susan Stears, Chair

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF RIVERSIDE COMMUNITY ASSOCIATION LIMITED

I report on the accounts of the charity company for the year ended 31 March 2023, which are set out on pages 4 to 10.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act;
To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
To state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention: (1) Which gives me reasonable cause to believe that in any material respect the requirements:

To keep accounting records in accordance with section 386 of the Companies Act 2006:

and

To prepare accounts which accord with accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (January 2015),

Have not been met; or

(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Dunstanette Kuti FCCA MCSI Community Action Sutton Granfers Community Centre 73-79 Oakhill Road Sutton, Surrey, SM1 3AA

Date …………………………………..

Riverside Community Association Limited

Registered Charity Number: 1156422

Statement of Financial Activities for the year ended 31 March 2023

Note Income from: Donations Charitable Activities Grants Total 2 Expenditure on: Charitable Activities 3 Total Net Income / (expenditure) Transfers between funds Net movement in funds Total Funds brought forward Total Funds carried forward 9	Unrestricte d Funds Restricte d Funds Total Funds 2023 Total Funds 2022 £ £ - 1,170 1,170 1,297 111,354 148,343 259,697 87,149 - - - 167,913
	111,354 149,513 260,867 256,359
	103,638 136,045 239,683 211,595
	103,638 136,045 239,683 211,595
	7,716 13,468 21,184 44,764 19,688 (19,688) - -
	27,404 (6,220) 21,184 44,764 17,159 129,513 146,672 101,908
	44,563 123,293 167,856 146,672

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

Riverside Community Association Limited

Registered Charity Number: 1156422

Balance sheet as at 31 March 2023

Not e 2023 2022 £ £ FIXED ASSETS Tangible Assets 6 - - CURRENT ASSETS: Debtors & Prepayments 7 50,325 28,477 Cash at bank and in hand 120,829 123,723 171,154 152,200 CREDITORS : amounts falling due within one year Creditors 8 3,298 5,528 NET CURRENT ASSETS: 167,856 146,672 NET ASSETS 167,856 146,672 THE FUNDS Restricted 9 123,293 129,513 Unrestricted 9 44,563 17,159 167,856 146,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. No members have required the company to obtain an audit of its accounts for the year in question, under Section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies’ subject the small company’s regime.

BEHALF OF THE BOARD:

Approved by the Board on …………………………..Date : 2023

Approved by the Board on ………………………….. Date : 2023

RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

a) Accounting Conventions

The Financial Statements have been prepared in accordance with applicable accounting standards under the historical cost convention and in accordance with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities.

b) Fund Accounting

Restricted Funds are those received which have been earmarked for a special purpose by the donor.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.

c) Incoming Resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.

Voluntary income is received by way of grants and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant.

Activities for generating funds consist of room hire and are accounted for on a receivable basis. Surplus funds are invested in a bank deposit account to earn interest. Interest received is included when receivable. Interest is credited to the unrestricted fund to offset overheads.

Incoming resources from the charitable activities consists of grants, which are related to performance and are accounted for as the Charity earns the right to consideration by its performance. Other sources of Incoming resources from the charitable activities consist of fees and Cafe takings accounted for on a receivable basis.

d) Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred. Cost of generating funds comprises the costs associated with attracting future Income.

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the Independent Examination fees and costs linked to the strategic management of the Charity.

RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

1. ACCOUNTING POLICIES (continued)

d) Resources Expended (continued)

Costs are allocated to charitable activities and the Community Centre on the basis of usage. Costs relating to a particular activity are allocated directly, other overheads are apportioned on an appropriate basis see note.

e) Depreciation

All fixed assets purchased over 6500 are capitalised and Depreciation is provided on all capitalised assets on a Straight-line basis as below:

Office Furniture 8 Equipment 25% per annum Computer Equipment 50% per annum Motor Vehicles 20% per annum

f) Recognition of Liabilities

Liabilities are recognised on an accrual basis.

g) Taxation

As the Company is a registered Charity Company (Registration No: 1156422), carrying out charitable purposes, it is exempt from corporation tax.

h) Transfers between funds

Trustees have the authority to transfer amounts out of the unrestricted funds into the restricted funds when required.

RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

2. INCOME FROM CHARITABLE ACTIVITY

Charitable Activities: Course PayPal Income Projects Room Hire Other [Deposit & Other income] Grants Donation & PayPal giving	Unrestricted Funds Restricted Funds Total 2023 Total 2022 £ £ £ £ - - - (864) - 12,161 12,161 6,355 120 1,944 2,064 674 110,300 - 110,300 79,904 934 121 1,055 1,080
	111,354 14,226 125,580 87,149 - 134,117 134,117 167,913 - 1,170 1,170 1,297
	111,354 149,513 260,867 256,359

3. EXPENDITURE ON CHARITABLE ACTIVITIES

Management and Admin (Note 4) Premises Costs Project Costs Salary (Note 5) Stock	Unrestricted Funds Restricted Funds Total 2023 Total 2022 £ £ £ £ (502) - (502) 6,956 37,466 - 37,466 24,829 - 52,906 52,906 41,568 66,674 83,140 149,814 136,622 - - 1,620 103,638 136,045 239,683 211,595

RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

4. MANAGEMENT EXPENDITURE

Accountancy & Audit Payroll charge Bank Charges Insurance Personnel Marketing Training Project Management Charge Governance	Unrestricted Funds Restricted Funds Total 2023 Total 2022 £ £ £ £ 1,170 - 1,170 850 2,006 - 2,006 1,968 84 - 84 84 2,993 - 2,993 2,525 1,238 - 1,238 113 620 - 620 - 72 - 72 - (12,070) - (12,070) - 3,384 - 3,384 1,417
	(502) - (502) 6,956

5. STAFF COSTS

Salaries Social Security costs Pension costs	Unrestricted Funds Restricted Funds Total 2023 Total 2022 £ £ £ £ 62,595 80,447 143,042 129,631 2,595 1,414 4,009 4,360 1,485 1,278 2,763 2,631
	66,674 83,140 149,814 136,622

During the year no Trustees received any remuneration (2022 –Nil) During the year no Trustees received any benefits in kind (2022 –Nil) During the year no Trustees received any reimbursement of expenses (20221 –Nil)

6. FIXED ASSETS

FIXED ASSETS
Fixed Assets	General Fund Computers NLDC IT TimeOut YP Total
Cost	12,996 1,050 18,860 40,829 73,735
Additions	- - - - -
As at 31 March 2023	12,996 1,050 18,860 40,829 73,735

Accumulated Depreciation	12,996 1,050 18,860 40,829 73,735
Charge	- - - - -
As at 31 March 2023	12,996 1,050 18,860 40,829 73,735

Net Book Values
As at 31 March 2022	- - - - -
As at 31 March 2023	- - - - -

RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

7. DEBTORS

Accounts Receivable	2023 2022 £ £ 50,325 28,477
	50,325 28,477

8. CREDITORS – Amounts falling within one year

Other Creditors Accounts Payable Accrued expenses	2023 2022 £ £ 2,298 4,718 1,000 810
	3,298 5,528

RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (continued)

9. STATEMENT OF FUNDS

Unrestricted Funds Total Riverside Centre General Restricted Funds RCA Core Funding Youth Fund Community & Family Café/Shop Interact SMS Social Integration Fund SCVS Transit WCS All Things Tech Community Café Community Space Covid-19 Discretionary Business Grant Total Event Family Support Hub Food Pantry Total Food Support Total HAF Total Holiday Camp Total MTVH MTVH20 Total Skoot Sutton Community Fund Microgrant Total TOYP Warm Spaces TOTAL FUNDS	At 31 March 2022 Income Expenditure Transfer At 31 March 2023 £ £ £ £ £ (43,489) 111,354 (103,638) - (35,773) 60,648 - - 19,688 80,336
	17,159 111,354 (103,638) 19,688 44,563
	4,292 - - (4,292) - 19,496 - - (19,496) - (1,886) - - 1,886 - (4,622) - - 4,622 - (300) - - 300 - (103) - - 103 - (1,580) - - 1,580 - 3,813 - - (3,813) - (797) - - 797 - (7,057) - - 7,057 - (1,071) - - 1,071 - (1,374) - - 1,374 - 1,148 - - (1,148) - 7,000 - - (7,000) - - 1,509 (1,885) - (376) 130 120 - - 250 5,000 - (2,921) - 2,079 600 - - (600) - 8,707 39,729 (40,600) - 7,836 2,149 12,296 (13,285) - 1,160 (13,788) 24,136 (3,065) - 7,283 2,126 - - (2,126) - 10,253 2,174 (7,014) - 5,413 - 1,000 - - 1,000 97,375 63,447 (66,432) - 94,390 - 5,102 (843) - 4,259
	129,513 149,513 (136,045) (19,688) 123,293
	146,672 260,867 (239,683) - 167,856

10. PENSION COMMITMENTS

The charity operates a defined contribution stakeholder pension scheme.