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
1
## **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
2
## **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 …………………………………..
3
## **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.**
4
## **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
5
**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.
6
**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.
7
## **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|
|---|---|
8
## **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**|-
-
-
-
**-**|
9
**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|
10
**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.
11