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|
|---|---|
Page 11