2022-07-31-accounts - Augusta Park Community Association

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CIO : Augusta Park community association Annual report

Period from: 31/07/2021 Period until: 31/07/2022 Charity number: 1159218 Chair at the time of the report: Mr Triquart Current Chair: Mr Frost

Overview

As the world starts to emerge from the covid pandemic APCA too has started to re-launch itself in this new environment of high cost coupled with reduced community support, during a time that support is most needed.

As we restart our community lead programs, we have seen they are widely well received, however due to the pandemic we lost our main source of income (nursery) and had to seek external advice to ensure that we get the right agreements in place to protect the charity. This came at a cost of £7,500 in legal fees. The nursery space has been leased once again and after some teething issues, income is slowing coming in once again.

Last year APCA operated 2 main events to help support the community and provide a costeffective way to enjoy the holiday periods. To hold these events we have been supported by Southern Co–Op community support grant of £1000.00 which was used to hire fun fair equipment and inflatables for the summer family fun day.

The winter event was solely funded by APCA. This event was to allow local businesses to showcase their businesses and sell to the public. This event also allowed families to meet Father Christmas, with children receiving a special gift from him.

We have overspent this year and reduced our savings due to increased costs we have faced, largely due to legal fees. We have also embarked on a new online booking system due to an increase in the use of the Centre our Centre Managers requested that we increased the cleaning of the centre as a part of the COVID policy. This led to our loss this year.

Finances report:

Income

The total income for the financial year to 31.7.22 was £68,000. £13,000 more compared with the previous year to 31.7.21. Out of this income, we received £1000 from COOP and over £2,500 from Test Valley.

Operational Costs

The total expenses for the year to 31.7.22 were £76,000. £21,000 more compared with the previous year to 31.7.21. The main reasons for increased expenses in the year to 31.7.22 were: £8,000 towards the legal bill for Finkley nursery, Gas and electricity £5,000 increase and another £5,000 increase towards the cleaning cost.

Profit & Loss

The total profit& loss for the year to 31.7.22 was loss of nearly -£8,000 compared with the previous year of loss of over -£1,500.

The total cash in the bank has also decreased from £26,500 to £18,500.

END OF REPORT.

Trustees:
Name	Position
Matt Triquart	Chair
William Frost	Treasurer
Sue	Sectary
Ajmal	Trustee
Colleen	Trustee
Alex	Trustee

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) William Frost

Position (eg Secretary, Chair, etc)

Date

Charity No Augusta Park Community Association 1159218 Annual accounts for the period Period start date To 08/01/2021 Period end date 07/31/2022

Statement of financial activities

Recommended categories by activity Total funds £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies - - - - Charitable activities 68,212 - - 68,212 53,229 Other trading activities - - - - - Investments 7 - 7 2 Separate material item of income - - - - - Other - - - - - *Total* 68,219 - - 68,219 53,231 Resources expended Expenditure on: Raising funds - - - - - Charitable activities 76,072 - - 76,072 54,876 Separate material item of expense Other - - - - - *Total* 76,072 - - 76,072 54,876 - 7,853 - - - 7,853 - 1,645 Net gains/(losses) on investments - - - - - Net income/(expenditure) - 7,853 - - - 7,853 - 1,645 Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - *Net movement in funds* - 7,853 - - - 7,853 - 1,645 *Reconciliation of funds:* Total funds brought forward 36,812 - - 36,812 38,457 *Total funds carried forward* 28,959 - - 28,959 36,812 Unrestricted funds Restricted income funds Endowment funds Prior year funds Net income/(expenditure) before investment gains/ (losses) Other recognised gains/(losses):	Recommended categories by activity Total funds £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies - - - - Charitable activities 68,212 - - 68,212 53,229 Other trading activities - - - - - Investments 7 - 7 2 Separate material item of income - - - - - Other - - - - - *Total* 68,219 - - 68,219 53,231 Resources expended Expenditure on: Raising funds - - - - - Charitable activities 76,072 - - 76,072 54,876 Separate material item of expense Other - - - - - *Total* 76,072 - - 76,072 54,876 - 7,853 - - - 7,853 - 1,645 Net gains/(losses) on investments - - - - - Net income/(expenditure) - 7,853 - - - 7,853 - 1,645 Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - *Net movement in funds* - 7,853 - - - 7,853 - 1,645 *Reconciliation of funds:* Total funds brought forward 36,812 - - 36,812 38,457 *Total funds carried forward* 28,959 - - 28,959 36,812 Unrestricted funds Restricted income funds Endowment funds Prior year funds Net income/(expenditure) before investment gains/ (losses) Other recognised gains/(losses):	Recommended categories by activity Total funds £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies - - - - Charitable activities 68,212 - - 68,212 53,229 Other trading activities - - - - - Investments 7 - 7 2 Separate material item of income - - - - - Other - - - - - *Total* 68,219 - - 68,219 53,231 Resources expended Expenditure on: Raising funds - - - - - Charitable activities 76,072 - - 76,072 54,876 Separate material item of expense Other - - - - - *Total* 76,072 - - 76,072 54,876 - 7,853 - - - 7,853 - 1,645 Net gains/(losses) on investments - - - - - Net income/(expenditure) - 7,853 - - - 7,853 - 1,645 Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - *Net movement in funds* - 7,853 - - - 7,853 - 1,645 *Reconciliation of funds:* Total funds brought forward 36,812 - - 36,812 38,457 *Total funds carried forward* 28,959 - - 28,959 36,812 Unrestricted funds Restricted income funds Endowment funds Prior year funds Net income/(expenditure) before investment gains/ (losses) Other recognised gains/(losses):	Recommended categories by activity Total funds £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies - - - - Charitable activities 68,212 - - 68,212 53,229 Other trading activities - - - - - Investments 7 - 7 2 Separate material item of income - - - - - Other - - - - - *Total* 68,219 - - 68,219 53,231 Resources expended Expenditure on: Raising funds - - - - - Charitable activities 76,072 - - 76,072 54,876 Separate material item of expense Other - - - - - *Total* 76,072 - - 76,072 54,876 - 7,853 - - - 7,853 - 1,645 Net gains/(losses) on investments - - - - - Net income/(expenditure) - 7,853 - - - 7,853 - 1,645 Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - *Net movement in funds* - 7,853 - - - 7,853 - 1,645 *Reconciliation of funds:* Total funds brought forward 36,812 - - 36,812 38,457 *Total funds carried forward* 28,959 - - 28,959 36,812 Unrestricted funds Restricted income funds Endowment funds Prior year funds Net income/(expenditure) before investment gains/ (losses) Other recognised gains/(losses):	Recommended categories by activity Total funds £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies - - - - Charitable activities 68,212 - - 68,212 53,229 Other trading activities - - - - - Investments 7 - 7 2 Separate material item of income - - - - - Other - - - - - *Total* 68,219 - - 68,219 53,231 Resources expended Expenditure on: Raising funds - - - - - Charitable activities 76,072 - - 76,072 54,876 Separate material item of expense Other - - - - - *Total* 76,072 - - 76,072 54,876 - 7,853 - - - 7,853 - 1,645 Net gains/(losses) on investments - - - - - Net income/(expenditure) - 7,853 - - - 7,853 - 1,645 Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - *Net movement in funds* - 7,853 - - - 7,853 - 1,645 *Reconciliation of funds:* Total funds brought forward 36,812 - - 36,812 38,457 *Total funds carried forward* 28,959 - - 28,959 36,812 Unrestricted funds Restricted income funds Endowment funds Prior year funds Net income/(expenditure) before investment gains/ (losses) Other recognised gains/(losses):
-	-	-	-	-
-	-	-	-	-
- 7,853	-	-	- 7,853	- 1,645

36,812	-	-	36,812	38,457
28,959	-	-	28,959	36,812

Balance Sheet as at Year End 31.07.22

£ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Intangible assets - - - - - Tangible assets 8,457 - - 8,457 9,750 Heritage assets - - - - - Investments - - - - - *Total fxed assets* 8,457 - - 8,457 9,750 Current assets Stocks 620 - - 620 1,210 Debtors 4,903 - 4,903 767 Investments - - - - Cash at bank and in hand 18,422 - 18,422 26,562 *Total current assets* 23,945 - - 23,945 28,539 3,443 - 3,443 1,477 *Net current assets/(liabilities)* 20,502 - - 20,502 27,062 *Total assets less current liabilities* 28,959 --28,959 36,812 - - - - Provisions for liabilities - - - - *Total net assets or liabilities* 28,959 - - 28,959 36,812 Funds of the Charity Endowment funds - - - - - Unrestricted funds 28,959 - 28,959 36,812 Revaluation reserve - - Total funds 28,959 - - 28,959 36,812 Signature Print Name Unrestricted funds Restricted income funds Endowment funds Total this year Total last year Creditors: amounts falling due within one year Creditors: amounts falling due after one year Restricted income funds Signed by one or two trustees on behalf of all the trustees Date of approval dd/mm/yyyy	£ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Intangible assets - - - - - Tangible assets 8,457 - - 8,457 9,750 Heritage assets - - - - - Investments - - - - - *Total fxed assets* 8,457 - - 8,457 9,750 Current assets Stocks 620 - - 620 1,210 Debtors 4,903 - 4,903 767 Investments - - - - Cash at bank and in hand 18,422 - 18,422 26,562 *Total current assets* 23,945 - - 23,945 28,539 3,443 - 3,443 1,477 *Net current assets/(liabilities)* 20,502 - - 20,502 27,062 *Total assets less current liabilities* 28,959 --28,959 36,812 - - - - Provisions for liabilities - - - - *Total net assets or liabilities* 28,959 - - 28,959 36,812 Funds of the Charity Endowment funds - - - - - Unrestricted funds 28,959 - 28,959 36,812 Revaluation reserve - - Total funds 28,959 - - 28,959 36,812 Signature Print Name Unrestricted funds Restricted income funds Endowment funds Total this year Total last year Creditors: amounts falling due within one year Creditors: amounts falling due after one year Restricted income funds Signed by one or two trustees on behalf of all the trustees Date of approval dd/mm/yyyy	£ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Intangible assets - - - - - Tangible assets 8,457 - - 8,457 9,750 Heritage assets - - - - - Investments - - - - - *Total fxed assets* 8,457 - - 8,457 9,750 Current assets Stocks 620 - - 620 1,210 Debtors 4,903 - 4,903 767 Investments - - - - Cash at bank and in hand 18,422 - 18,422 26,562 *Total current assets* 23,945 - - 23,945 28,539 3,443 - 3,443 1,477 *Net current assets/(liabilities)* 20,502 - - 20,502 27,062 *Total assets less current liabilities* 28,959 --28,959 36,812 - - - - Provisions for liabilities - - - - *Total net assets or liabilities* 28,959 - - 28,959 36,812 Funds of the Charity Endowment funds - - - - - Unrestricted funds 28,959 - 28,959 36,812 Revaluation reserve - - Total funds 28,959 - - 28,959 36,812 Signature Print Name Unrestricted funds Restricted income funds Endowment funds Total this year Total last year Creditors: amounts falling due within one year Creditors: amounts falling due after one year Restricted income funds Signed by one or two trustees on behalf of all the trustees Date of approval dd/mm/yyyy
Signature	Print Name	Date of approval dd/mm/yyyy

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities
• and with* ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }. Yes ü * -Tick as appropriate No

Please disclose:

(i) the nature of the change in accounting policy;

(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and
(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes No ü * -Tick as appropriate

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes No ü * -Tick as appropriate

Please disclose:

(i) the nature of the prior period error;

(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and
(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

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Section C

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GE PRACTICE

Please provide a description of the nature of each change in accounting policy

Reconcilation of funds per previous GAAP to funds deter

Start of End of period period £ £

Fund balances as previously stated Adjustments:

Fund balance as restated

Reconcilation of net income/(net expenditure) per previo 102

End of period £ Net income/(expenditure) as previously stated Adjustments:

Previous period net income/(expenditure) as restated

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Notes to the accounts

Section 35 of FRS102, requires 3 reconciliations to be

ENERALLY ACCEPTED ACCOUNTING

rmined under FRS 102

ous GAAP to net income/(net expenditure) under FRS

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Section C Notes to the accounts

Note 11 Paid employees Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages Social security costs Pension costs (defned contribution scheme) Other employee benefts Total staf costs	This year £
	21,619
	-
	244
	-
	21,863

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excl pension costs) fell within each band of £10,000 from £60,000 upwards. If there are n transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

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Band Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999
----- End of picture text -----

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity

11.2 Average head count in the year

The parts of the charity in which the employees work

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This year
Number
Fundraising -
Charitable Activities 2
Governance -
Other -
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Total 2

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

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(cont)

Last year £ 16,741 - 18 - 16,759

luding employer no such

Last year Number - 2 - -

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CC17a IExcell 0312012023

Section C Notes to the accounts

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expens details of such transactions should be provided in this note. If there are no transaction in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits f employment with their charity or a related entity (True or False)

In the period the charity has paid trustees remuneration and benefits. Please give the for, any remuneration or other benefits paid to a trustee by the charity or any instituti

----- Start of picture text -----
Amounts pa
This ye
Legal authority (eg Remuneration Pension
Name of trustee order, governing contribution
document)
£ £
Please give details of why remuneration or other
employment benefits were paid.
Where an ex gratia payment has been made to a trustee,
provide an explanation of the nature of the payment.
----- End of picture text -----

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such tran this note. If there are no transactions to report, please enter “True” in the box below. report, please enter "False".

No trustee expenses have been incurred (True or False)

This Type of expenses reimbursed £

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Travel Subsistence Accommodation Other (please specify): TOTAL

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in wh interest, including where funds have been held as agent for related parties. If there ar enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False)

----- Start of picture text -----
Name of the trustee Relationship Description of the Balance at
Amount
or related party to charity transaction(s) period end
£ £
In relation to the transactions above, please provide the
terms and conditions, including any security and the
nature of any payment (consideration) to be provided in
settlement.
----- End of picture text -----

For any related party, please provide details of any guarantees given or received.

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(cont)

ses explained in guidance notes) ns to report, please enter “True”

from an

e amount of, and legal authority on or company connected with it.

----- Start of picture text -----
aid or benefit value
ear Last year
Redundancy Other TOTAL
(including
loss of
office)/ex
gratia
£ £
----- End of picture text -----

nsactions should be provided in If there are transactions to

----- Start of picture text -----
year Last year
£ £
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hich a related party has a material re no such transactions, please

----- Start of picture text -----
Amounts
written off
Provision for bad
during
debts at period end
reporting
period
£ £
----- End of picture text -----

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ection C Notes to the accounts (cont)

ote 29 Additional Disclosures

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Independent Examiners Report For the Year Ended 31[st] July 2022

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I have examined the financial statements prepared by Augusta Park Community Association
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's 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.
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 matters 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 130 of the 2011 Act; and

 to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act
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.
Sandra Burch ACMA Dated 29 [th] November 2022
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