2022-06-30-accounts

Beaumont Lodge Neighbourhood Association CIO

Report and Financial Statements

For the year ended 30 June 2022

Charity No: 1166871

Beaumont Lodge Neighbourhood Association CIO

Contents of the Financial Statements for the Year Ended 30 June 2022

	Page
Charity Information	1
Report of the Trustees	2 - 3
Independent Examiner Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7 - 11

Beaumont Lodge Neighbourhood Association CIO

Charity Information

for the Year Ended 30 June 2022

TRUSTEES:	M Buchanan (Chair)
	R K Jagota
	F Freakley
	J Marvin (Appointed 07/07/21)
REGISTERED OFFICE:	Beaumont Lodge Neighbourhood CIO
	Beaumont Lodge Neighbourhood Centre
	250 Astill Lodge Road
	Beaumont Leys
	Leicester
	Leicestershire
	LE4 1EF
CHARITY NUMBER:	1166871
BANKERS:	HSBC
	Leicester Clock Tower
	2 - 6 Gallowtree Gate
	Leicester
	LE1 1DA
ACCOUNTANTS:	Trouble with your figures
	73 Leicester Road
	Thurcaston
	Leicester
	LE7 7JH

Page 1

Beaumont Lodge Neighbourhood Association CIO

Report of the Trustees for the Year Ended 30 June 2022

The Trustees present their report with the financial statements of the charity for the year ended 30 June 2022.

OBJECTIVES AND ACTIVITIES

The principal activity of the organisation in the period under review was that of providing benefit to children, young people and adults, primarily but not exclusively, and without limitation, within the Beaumont Leys Ward of Leicester. To ensure a better quality of life for the residents of Beaumont Leys.

ACHIEVEMENTS AND PERFORMANCE

The trustees of Beaumont Lodge Neighbourhood Association would like to thank all of our members, supporters and community partners for all their help and support in ensuring we continue to survive and thrive in difficult circumstances. The trustees have dedicated an enormous amount of their time which is all undertaken in a voluntary capacity. We owe a gratitude of thanks to E2 - The Cooke E-Learning Foundation, The National Lottery Community Fund, Leicester City Council and our Ward Councillors.

FINANCIAL REVIEW

The last financial year has been particularly challenging for us. We have increased costs and decreased revenues to navigate through and we are yet to identify a solution. Financially, we have a lot of work to do in order to meet the rising costs of energy services. We have enough in reserves to survive the next financial year, however, we need to take immediate action to improve our income streams so we can continue to keep our centre open and operate a normal service.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Beaumont Lodge Neighbourhood CIO is a registered charity, was formed in May 2016 and is governed by it's CIO constitution.

REFERENCE AND ADMINISTRATIVE DETAILS

Key charity details, including Trustees who served during the year under review are detailed on page 1.

Page 2

Beaumont Lodge Neighbourhood Association CIO

Report of the Trustees (Continued) for the Year Ended 30 June 2022

STATEMENT OF TRUSTEES RESPONSIBILITIES

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the net surplus or deficit of the charity for that period. In preparing those financial statements, the Trustees are required to:-

• select suitable accounting policies and apply them consistently

• make judgements and estimates that are reasonable and prudent

• prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity

• will not continue in operation

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charities SORP FRS 102. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The organisation has taken advantage of the small companies exemption in preparing the report above. The trustees declare that they have approved the trustees report above.

ON BEHALF OF THE COMMITTEE

Mr M Buchanan

Date:

Beaumont Lodge Neighbourhood Association CIO

Page 3

Beaumont Lodge Neighbourhood Association CIO

Independent Examiners Report to the Trustees for the Year Ended 30 June 2022

I report on the accounts of the Charity for the year ended 30 June 2022 which are set out on pages 4 to 7.

This report is made solely to the trustees, as a body, in accordance with the regulations made under Section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for my work, for this report, or for the opinions I have formed.

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 of the Charities Act 2011 (the Act)) and that an independent examination is needed.

It is my responsibility to:

• examine the accounts (under section 145 of the Act)

• to follow the procedures laid down in the General Directions given by the Charity Commissioners (under) section 145(5)(b) of the Act); and

• to state whether particular matters have come to my attention.

Basis of independent examiners report

My examination is carried out in accordance with the General Directions given by the Charity Commissioners. 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 the seeking of 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, I do not express an audit opinion on the "true and fair" view given by the accounts, 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 to indicate that:

• Accounting records have not been kept in accordance with section 386 of the Companies Act 2006.

• The accounts do not accord with such records.

• Where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting

requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102).

• Any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.

Linda Kimberley-Brooks (ACMA)

Trouble with your figures 73 Leicester Road

Thurcaston

Leicester LE7 7JH Date:

Page 4

Beaumont Lodge Neighbourhood Association CIO

Statement of Financial Activities for the Year Ended 30 June 2022

Income Donations and legacies Charitable Activities Total Expenditure Raising Funds Charitable Activities Separate material expense Total Net income/(expenditure) Total funds bought forward Total funds carried forward	Notes Restricted Unrestricted Total Prior Year £ £ £ £ 3 4 15,150 1,665 16,815 3,550 - 9,205 9,205 5,931 15,150 10,870 26,020 9,481 5 - - - - 9,662 13,272 22,934 10,308 6 - 484 484 580 9,662 13,756 23,418 10,888 5,488 (2,886) 2,602 (1,407) 5 19,180 19,185 20,592 5,493 16,294 21,787 19,185 2021/22

Page 5

Beaumont Lodge Neighbourhood Association CIO

Balance Sheet

As at 30 June 2022

Notes Restricted Unrestricted £ £ CURRENT ASSETS: Debtors 7 - 244 Bank Account 9 5,493 16,992 Total Current Assets 5,493 17,236 CREDITORS FALLING DUE WITHIN ONE YEAR: 8 - 942 TOTAL NET ASSETS/(LIABILITIES) 5,493 16,294 FUNDS OF THE CHARITY 10 Restricted Income Funds 5,493 - Unrestricted Funds - 16,294 Total Funds 5,493 16,294 30/06/2022	Total Total last year £ £ 244 244 22,485 19,485 22,729 19,729 942 544 21,787 19,185 5,493 5 16,294 19,180 21,787 19,185

The charity was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Approved by the trustees and signed on their behalf by:

Mr M Buchanan

Trustee Date:

R K Jagota

Trustee

Date:

Page 6

Beaumont Lodge Neighbourhood Association CIO

Notes to the Financial Statements For the year ended 30 June 2022

1) Basis of preparation

Basis of accounting

The financial statements 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 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.

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

Going Concern

These accounts are prepared on the going concern basis.

Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2.

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period.

Material prior year errors

No material prior year error have been identified in the reporting period.

2) ACCOUNTING POLICIES

2.1) Reconciliation with previous generally accepted accounting practice

None required for this period.

2.2) Income

Recognition of income

These are included in the Statement of Financial Activities (SoFA) when:

• the charity becomes entitled to the resources;

• it is more likely than not that the trustees will receive the resources;

• the monetary value can be measured with sufficient reliability.

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses.

Grants and Donations

Grants and donations are only included in the SOFA when the general income recognition criteria are met. (5.10 to 5.12 FRS102 SORP).

No performance related grants were received.

Government grants

The charity has received no government grants in the reporting period.

Page 7

Beaumont Lodge Neighbourhood Association CIO

Notes to the Financial Statements For the year ended 30 June 2022

2.3) Expenditure and Liabilities

Liability Recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty..

Governance and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by time spent and other costs by their usage.

Grants with performance conditions

Where the charity gives a grant for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants payable without performance conditions

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Redundancy cost

The charity made no redundancy payments during the reporting period.

Deferred income

No material item of deferred income has been included in the accounts.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

Provision for liabilities

A liability is measure on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

Basic financial instruments

The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

2.4) Assets

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Page 8

Beaumont Lodge Neighbourhood Association CIO

Notes to the Financial Statements

For the year ended 30 June 2022

3) Income

Donations and legacies Donations and gifts General grants provided by government/other charities Total Charitable activities Fundraising Membership Room hire 4) Government Grants LCC Funding 5) Expenditure Expenditure on raising funds: Coffee Morning Expenses Community Café Expenses Community Fun Day Expenses Fun day Expenses Total Expenditure on raising funds Expenditure on Charitable Activities: Office Expenses Project Expenses	Restricted Unrestricted £ £ - 465 15,150 1,200 15,150 1,665 - 661 - - - 8,544 - 9,205 2021/22 2020/21 3,250 3,550 Restricted Unrestricted - - - - - - - - - - - 13,756 9,662 - 9,662 13,756 2021/22 2021/22	2020/21 Total £ 465 - 16,350 3,550 16,815 3,550 661 - - - 8,544 5,931 9,205 5,931 2020/21 Total - - - - - - - - - - 13,756 6,064 9,662 4,245 23,418 10,309

Page 9

Beaumont Lodge Neighbourhood Association CIO

Notes to the Financial Statements For the year ended 30 June 2022

6) Details of certain types of expenditure

6.1) Fees for examination of the accounts

Independent examiner's fees Accountancy services paid to independent examiner 7) Debtors 7.1) Analysis of debtors Trade Debtors Prepayments and accrued income 8) Creditors 8.1) Analysis of creditors Trade Creditors Accruals and deferred income 9) Cash at bank and in hand Cash at bank and on hand	2021/22 £ 484 - 484 2021/22 £ - 102 102 2021/22 £ - 942 942 2021/22 £ 22,485	2020/21 £ 580 - 580 2020/21 £ - 244 244 2020/21 £ - 544 544 2020/21 £ 19,485

Page 10

Beaumont Lodge Neighbourhood Association CIO

Notes to the Financial Statements

For the year ended 30 June 2022

10) MOVEMENTS IN FUNDS Restricted/ Unrestricted A4A Bingo (LCF) Restricted Bling 17 Restricted Bounce Back (BBYS) Restricted Ward Funding 2022 (Get Growing) Restricted Ward Funding 2022 (Queen's Jubilee) Restricted Garden Project 2020 Restricted Other funds Unrestricted Total Funds as per balance sheet	At 1 July 2021 Incoming Resources Outgoing Resources At 30 June 2022 0 2,500 2,500 0 - 600 - 600 - 10,000 5,538 4,462 - 1,300 1,300 - - 750 324 426 5 - - 5 19,180 10,870 13,756 16,294 19,185 26,020 23,418 21,787

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