Charlty Re8iStratlon No. 1162716 Company Re£lstration No.08489974 {England and Wales I TIPTON COMMUNITY ASSOCIATION LIMrrED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 111 *A4)tVHU 1811212021 COMPANIES HOUSE A12 291
TIPTON COMMUNITY ASSOCIATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr B Williams Mr A Wainwright Mr P len Mrs P Baglev Mr R Hemmings Ideceased 25 No¥ember 20211 Secretary Mr A Wainwright Charlty number 1162716 Company number 8489974 Registered office Brook Street Community Centye Brook Street ripton United Kingdom DY49DD Independent examlner Xiu Mei Yiong Apartment 31. 26 Lon8leat Avenue "miingham B15 2EX
TIPTON COMMUNITY ASSOCIATION LIMITED CONTENTS Pa8e Trustees report Independent examiner's report Statement of financial actiwtie5 Balance sheet Notes to the financial Statements 7-13
TIPTON COMMUNITY ASSOCIATION LIMITED TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present thelr port and financial statements forthe year ended 31 March 2021. The accounts have been prepared in actordance with the accounling policies set out in Note l of the accounts and complywith the ThaTbty'S commissioners. the Companies Act 2(X)6 and the siatement of Recommended PrdCtite,"Accounting and Reporting by Charities.. issued in March 2CKJS. Oblectives and artivities The main objectives of the Charity are to secure. maintain and further develop the faality currently known a5 Brook Street Community Centre in fipton. and also to organsse events and functions to impro¥e the quality of life for the inhabitants of fipton and the neighbwthood and to advance the education of the public in the leisure activities available within the area. To further benefit the residents of Tipton in the Metropolitan Borough of Sandwell. West Midlands aThd the neighbourhood without distlnction of sei sexual orientation, race or of ptrlitical. religious or other opinitsns by associating together the said residents and the local authOrie5, voluntary and other organisations in common effort to advance edLSCation and to provide facillitie5 in the interest of social welfare for recreation and leisure time occupatioH with the objective of iMprong the cotmlitions of life for the residents. The stated objectives will achleve the longertemi strategy ofthe Charity. TheTrustees have paid due re8ard to guidan issued bythe Charity Commissbon in decidlnB wltat activities the Charity should undertake. In addition to developing activites and social welfare seTrices both at and from the Community Centre, the Charity has undertaken many rnalor events vthich indude the annual Santa's Sleigh tour and other general activites. The Management Commitee and othervolunteers donate their time free of charge to the Charity and the Trustees wish to place on ¥ecord their thanks and appreciation fortheir effort5. A¢hlevements and performance Due to the pandernic. the Charity was not able to carry out all the intended activities as organised in prior vears. The main event during the year was the Santa's Sleigh Tour and the Charity hopes to resume various Christmas community-led events and other8eneral actitieS in the following year. Thè Trustees believe ihat these three events prowde a Significant contributyon towards the Charitable objettlves. Covld-19 The development ol the Co¥id-19 pandemic has had 3 notable impact Whe the Charity was not able to carry out most of their Major events and remained closed fora big part of the finanoal year.
TIPTON COMMUNITY ASSOCIATION LIMITED TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORn (copiriNUED} FOR THE YEAR ENDED 31 MARCH 2021 Flnanclal revlew The Trustees are mlndful that there has been è svrplus in fijnds duiin8 the year due to receipts of government grants exceeding expenditureswhich was lower due to the pandemlc. The Trustees wlll continue to reeW activities in the current year In order to have sufficientfundinE levels to contr.nue with the pro8ress that has already been achieved. It is the policy of the ChaT¥ty that unrestricred fvnds which have not been designated for a specific use should be maintained at a level equivalent to betsleen three and six month's expenditure. Although the level of reseNes have fa15en this year. the Trustees are fully committed to maintaining adequate levels of reserves tn the forthcoming period. Each year. theTrustees carry out a risk assessment upon the activrfties undertaken in orderto safeguard the assets of the Charity. The Trustees intend tts rewew the assessment each ye3r In order to maintain the effertiveness of any measures Implemented as a result of the assessmenL The Trustees Intend to continue to advan the principal aims of the Charsty and explore alternative avenues order to athieve further progress in the future. 5tructure• governan and mana8ement The Charity is a company limited by guardntee. The Trustees, who are a150 the directors for the purpose of company law, and who 5eThed duringthe year and up 10 the date of signature of the financial statements were- Mr B Williams Mr A Wainwright Mr P Alle Mrs P Bagley IAr R Hemmlngs Ideceased 25 November 20211 None of the Trvstees has any beneficial interest in the company. All of theTrustees are members of the company and guarnntee to contribute £1 in the e¥entof a winding up. The organlsational structure Vrill be of standard rewstration of other charities. The Charity maintains links and works wtth anyand all partie5 who have an interesi In the hlrtherance of its charitable objectives. The Trustees report was approved by the Board of Trustees. Mr B will$ rrustee 13 December 2021
TIPTON COMMUNITY ASSOCIATION LIMrrED INDEPENDETrif EXAMINER'S REPORT TO THE TRUSTEES OF TIPTON COMMUNITY ASSOCIATION LIMITED I report to the Trustees on rny examination of the financial statements of fe In Community C.l.C Ithe Charity) for ihe year ended 31 MaTch 2021. Responslbllites and basis of report As the Trustees of the Charity land also ts directors for the purpose of company lawl you are reponsible for the preparation of the financial Statements in accordance with the requrements of the Companies Act 2CK)6 Ithe 2CM)6 Actl. Havlng satisfied myself that the financial statements of the a)aTity afe not required to be audited under Part 16 of the 2LK16 Act and are eligible for independent examination, I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In earrying out rny examination I have followed all the applicable Directions glven by the Charity Commisston under section 14515llbl of the 2011 Act. Independent exzminer's statement I have completed my examination. I confirm that no matters have come to my attention In contsection with the examination giwng me cause to believe that in any material respeci: il accounting records were not kepi in resped of the Charity as required by section 386 of the 2(KJ6 Art or lil the financial statement5 do not accord with those records.. or iiil the financial ststement5 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 falr vlew which is not a matter considered as part of an independent examTnation.' or I the financial statements have not been prepared in accordance with the methods and prinuples of the Ststement of Recommended Practice for accounting and reporting by charities applicable to chaTiiies preparing thelr accounts in accordance with the Financial Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have ctsme across no other matters in connettion with the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Xiu Mei Wiong Apartment 31, 26 Longleat Avenue Birmingham B15 2EX 13 December 2021
TIPTON COMMUNITY ASSOCIATION LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted Restricted lunds fvnds 2021 2021 Totsl 2021 Toial 2020 Notes Income from: Donations and legacies Charitable activities Government grants 6,550 742 5.176 45.(17 7,292 5.220 86,507 4,856 132,092 41,5(Xl Total Income 50.925 99,019 136.948 Expenditure on: Charitable acti¥ities 75,276 2,163 77,439 142,015 Net In¢omellexpenditurtl lorthe year Net movement in funds -27.183 48.762 21,580 -5.067 Fund balances a5 at l April 2020 -6.596 10,428 3,832 8,899 Funds balances as at 31 Marth 2021 -33.779 59,190 25.412 3,832 The statement of firbanoal activities indudes all gains and losses recognised in the year. Ail income and expenditure derive from continulng activlties. The staternent of financial activitie5 also complies with the requirements for an income and expenditure account under the Companies Act 2ti)6.
TIPTON COMMUNITY ASSOCIATION UMITED BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Notes Fixed Assets Tangible assets 2,574 2.629 Current assets Investments Cash at bank and in hand io 23.337 23,338 2.403 2.404 Credltors: amounts falling due withln one year Net current a55ets li -1.201 22,838 1.203 Totsl assets less current liabilitles 25.412 3,832 Income fvnds Restritted funds Unrestricted fund5 59.19) -33.779 10,428 -6,596 25.412 3,832 The Char¢ty is entitled to the exemption frorn the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021. The Trustees acknowled8e their responsibilites for ensuring that the charity keeps accountlng record5 which comply with section 386 of the Act and for preparing financial statements which gwe a true and fair view of the state of affairs of the company a5 at the end of the financial year and OF its incoming sourceS and application of resource5. includlnB its incorne and expenditure, for the financial year in accordan with the requirements of sections 394 and 395 and which othen1ri5e comply with the requirements of the Companies Act 2006 relating to financia15tatements, 50 far as applicable to the companv. The members have not required the comp3ny to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions appllcable to companies subjert to the small companies re8ime. The financial starements were approved bythe Trustees on 13 December 2021. Mr B Wlllams Trustee Company Registratlon No 08489974
TIPTON COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng polides Charity information pton CommunityAssociation Limlted is a private company limited by guarantee incorporated in England and Wales. The registered offjce is Brook Street Community Centre. Brook Street. fipton. DY4 9DD. United Kingdom. AttountlnB ¢onvention The financial statements have been prepared in accordance with the Charity's 8overnsng document, the Companies Act 2(MJ6 and "Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities prepaiinR their accounts in accordance with the Financial Reporung Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounling periods commencing fomi l January 20161. The Charity 15 a Public Benefit Entity as defined by FRS 102. The Charlty has taken advantage of the provisions in the Ststement of Recommended Practi (SORPI for charities applwng FRS 102 Update Bulletin I notto prepare a Ststement of Cash Flows. The financial statements are Prepared in sterlin& which is the functional turrencyof the Charity. Monetsry amounts in these financial statements are rotsnded to the nearest £. The fTrnancial statements havè been prepared under the hlstorical cost convention. The principal accounting policies are Set out below. Going concern Atthe tlme of approving the flnancial statements. the Trustees have a reasonable expectation ihat the Charity has adequate resources tts continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting In preparin8 the financial statements. Charrtable funds Unrestricted funds are avallable for use at the disuetion of the Trustees in furtherance of thelr charitsble objertives unlessthe fund5 have been designated for other purposes. Restricted lunds are subjecito specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial 5tstements. Endowrnent funds are subject to specific condilions bydonors that ihe capital must be maintained by the Charity. Incomln8 resources Income is recognised when the charity is legally entitled to it after any performance conditons have been met, Ihe amounts can be measured reliabty. and r( Is probable that Income will be received. Cash donations are recognised on receipt Other donations are recognised once the charity has been notified of the donation, unless performance conditons reqlre defeNal of the amourni. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recoEnised at the time of the donation.
TIPTON COMMUNttY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Incornine resourfes Icontinuedl Legacies are recognSsed on receipt or otherwise rfthe Charity has been notilied of an ImpedIng distribution, the amount is known. and receipt is expected. If the arnount is not known. the legaey is treated as a contingent asset. Turn¢)ver is measured at the fair value of the consideratlon received or e1Vable and represents amounts receivable for 8oods and services provided in the nornial course of business. net of discounts. VAT and other sales related taxes. Tanwljle fixed assets Tangible fixed asset5 are initially measured at cost and subsequently Measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the followin8 bases: Plant and machinery 15% Straight Line The gain or loss arising on the disposal of an asset is determined as the difference betweeo the sale pr¢xeeds and the carrying value of the assel and is recognised in net incomellexpenditurel for the year. Impairment of fixed assets At each reportin8 end date. the Charity rewews the carrying amounts of its tangible assets to determine whether there is any Indication that those assets have suffered an impairment10ss. If any such indication exists, the recoverable amount of the asset is estimated in orderto determine the extent of the irnpalmient loss lif any). Intangible assets with indeffinite usefvl lives and intsnEible assets not yet available for use are tested for impairment annualty. and whenever there is an Indicalion that the asset may be Impalred. Cash and Cash equlvalents Cash and cash equivalents indude cash in hand, deposits held at call with banks. tsther short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in currer5t liabilities. Flnanclal Instruments The Charity has elected to applythe provisions of SetLion Il'Basic Financial Instruments, and Section 12'0ther Financial Instruments155ues' of FRS 102 to all of its financi81 Instruments. Financial instruments are recognised in the ChariVs balance sheet when the Charity bKomes party to the contractual provisions of the instrument. Flnanclal assets and liabilities are offset, with the net amounts presented in the financial statements, when there 15 a legally enforceable flght lo set off the c0S1sed amounts and there is an intention to settle on a net basis orto realise the asset and settle the liability slmultaneously.
TIPTON COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Finan¢lal Instruments {continued} Impairment of financial assets Financial assets. other than those held at fairydlue through income and eKpenditure. are aesSed for Indicators of irnpaiment at each reporting date. Finanoal assets are impaired where there is objective evidence that. as a result of one or rnOTe events that occurred after the illitial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired. the impalrment loss is the difference between the carrying amount arnd the present value of the estimated tash flows discounted at the asset's original effective interest rate. The Impalrment105s is recognised in net lexpenditurelrtncome for the year. If there is a decrease in the impairment105s aiising from an event occurring after the impairment was recognised. the impaiment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been rewsnised. The impairmeni reversal is recognised in net lexpenditurel/iTrcome for the year. Dere¢¢)8nition of finanaal a55ets Financial assets are derecognised onlywhen the tontractual rights to the cash flow5 from the asset expire or are settfed. or when the Charity transfers the financial assets and substantlally all the risks 2nd rewards of ownership to another eThtity. or if some stgnificant risks and rewards ol ownership are retained but control of the asset has tranSfed to another party ihat is able to sell the asset in its entirety to an unrelated third party. Ba51t finandal liabilities BasTrc financial liabilities, Including creditors and bank loans are initially recognised at transaction price unles5 the arrangement constitutes a financial transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities cla55ifed as payable within one year are not amortised. Oebt Instruments are subsequentlycarried at amortised c05L using the effective interest rate method. Trade creditors are oblFgation5 to payforgoods or semces that have been acquired in the ordinary course of operatlons from suppliers. Amounts payable are das5ifed as current liabilities if payment is due within one year or less. If not. they are presented as non current liabllites. Trade creditors are recognised inilia51y at transaction proce and subsequently measured at amortised cost usingthe effective interest method. D¢rèco8nftlon of financlal liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are dlscharged
TIPTON COMMUNTfY AssoaATION UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINVEDI FOR THE YEAR ENDED 31 fvIARCH 2021 Employee beneffts The cost of any unused holiday entitlemen1fj5 reca8rdsed in the in whith the emple'S seNces aTe reIved. Termination bettefits are recogntsed Immediatelyas an expense when Ehe Charityis demonstrabty commltted to tÈmiinate the empioymentof an employee orto prthide termination benefits. Donationsand kgacies Unre5trirted fvnds 2Qtt Unrestrided funds 2020 Donètlons and gffts 6,550 4.856 Chatable Caml¥all (anal festival santa's dei8h 2011 Annual Minibus & actitIeS photowpier 2021 2021 General events 2021 Total Z021 Totsl 2020 Sales within tharit8ble ctNitles S,176 5.220 132,092 Anatygs by fund UnrÈstricted fund5 Restricted funds 5,176 5.220 130,663 1,429 132,092 S.176 5.220 Forthe yearemded 31 March 2020 Unrestricted funds Restricied hJnd5 85,945 1.429 87374 3.463 25.171 16.084 130.663 IA29 132,092 3,463 25.171 16.084 Gwernment grants Due to the Cowi&19 pandemk, the Charityhas recfftd 8o%vrmentgranis lor the support tost purposes whleh includes staff furfough wages. io
TIPTON COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 charlble actlvities Charitable Expenditure Recharge Total 2021 Total Z020 Projects Mini bus and photocopier Hire and attivitie5 Events expense pblic[ty expense 3,946 S,584 19,845 11,422 744 2,163 2,163 2.163 2.163 75.276 41,541 ICK>,474 Share of governance costs Inote 61 75.276 2.163 75.276 77.439 142,015 Support costs Support Govemance tosts Total 2021 2020 Staff costs Depreciation Rates Insurance Light and heat Repairs and Maintenance Postage and stationery Telephone Sundry AccountaFbry 49,113 1.620 49,113 1,620 64.799 1.578 4.083 2,904 10,034 5,226 314 570 9.634 1,332 2.729 5.629 7.685 182 742 7,444 132 2,729 5,629 7.685 182 742 132 75,276 75,276 100,474 Analysed beeert Charitable artivities 75.276 75.276 108,080 Governance costs includes payments to the auditor5 of E5(K)120211 for audit fees. Trustoes None of the Trustee5 lor any persons connected with iheml e1ved any remuneration during the year. li
TIPTON COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Employees Numberof employees The average monthly number ofemployees durFngthe year was: 2021 Number 2020 Number Employment tosts 2021 2020 Wages and salaries 49.113 64,799 Tanglblefixed assets Plant and mathinery Motor ¥ehides Total Cost At l April 2020 Additions in the year At 31 March 2021 10,524 1,565 12,089 6,211 16,735 6,211 16,735 Deprecbation and Impabnnent At l April 2019 Charge for the year At 31 March 2020 Charge for the year At 31 March 2021 6,317 1,578 7,895 1.620 9.515 6.211 12,528 1,578 14,106 6,211 6,211 14.106 Carryingamount At 31 March 2020 2,629 2,629 At 31 March 2021 2,574 2,629 12
TIPTON COMMUNITY ASSOCIATION UMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 io Current asset Investments 2021 2020 Unlisted investments li reditors: amountsfalllng due within onè year 2021 2020 Other creditors Accruals and deferred incomè 51JO 1,2 501 1.201 12 Analysis of net assets between funds Unrestricted Restrided 2021 2021 Totsl 2021 Totsl 2020 FuNd balances at 31 March 2021 are represented by.. Tangible assets Current assetsllliabilitiesl 2.574 22.838 2.629 1.203 2,629 1,203 25411.81 3.832 3.832 13