OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-09-30-accounts

Eagles Nest Community Action

UNAUDITED FINANCIAL STATEMENTS For the year to 30 September 2022

Charity Reg No 1170232 (A Company limited by Guarantee 10373798)

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Contents

Page 1
Page
Page 2/3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9		 Company Information
Contents
Directors Trustees' Report
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements - Accounting Policies
Notes to the Financial Statements (Continued)
Notes to the Financial Statements (Continued)

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Company Information

Directors & Officers Julian Mark Bond Chairman Tina Leonardi Treasurer Rob Jones Address Eagles Nest Community Centre Arnold Nottingham Nottinghamshire NG5 6NZ Registered Office 87 Main Street Newtown Linford Leicestershire LE6 0AF Independent Examiner A Pearson FCMA Exec Practice 87 Main Street Newtown Linford Leicestershire LE6 0AF

Page 1

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Directors Trustees' Report (1)

The Directors, who are also trustees have pleasure in presenting their report and financial statements for the year ended 30 September 2022.

Constitution

Eagles Nest Community Action is a charity and a company limited by guarantee, and does not have a share capital. It is governed by its Memorandum and Articles of Association.

Objectives & Policies of the Charity

(A) To further or benefit the inhabitants of the area of benefit without the distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents particularly (but not exclusively) by

(I) Establishing or securing the establishment of a community site for activities promoted by the Company (hereinafter referred to as 'The Community Site'), and

(ii) Maintaining and managing or co-operating with any local statutory authority in the maintenance and management of such community site, and

(B) To promote such other purposes recognised as charitable under the laws of England and Wales in such parts of the United Kingdom as the directors from time to time may think fit.

Directors & Trustees

Directors who have held office are also Trustees of the charity as follows

Julian Mark Bond Chairman Tina Leonardi Treasurer Rob Jones

Subject to appointments at the Annual General Meeting the directors shall appoint members and committees to control of the affairs of the Club and may delegate any part of its duties to such committees. Without prejudice to the generality of the foregoing, the Directors powers shall include the appointment, control and dismissal of all members and staff.

Review of the Business

The charity reported an excess of income over expenditure of £7,081 (2021 £20,880 surplus) for the year.

Scope

On the 2 June 2017 ENCA took over management and responsibility for running the community centre, now known as Eagle’s Nest Community Centre (formally named Arnold Hill Community Centre) with the aim of managing, renovating & repurposing it. ENCA has a 99 year, full repairing lease.

Our vision in managing the Community Centre is to provide a multi-use, multi-generational community hub of excellence that is widely used by the people of Arnold. We will build community, be a catalyst for volunteer projects and partner with others to increase social provision.

The strategic aims as outlined in our business plan are as follows:

How we are fulfilling our strategic aims:

Throughout 2021-2022, Eagles Nest Community Centre continued to be used as a vaccine site for Covid19. The centre remained the only site providing vaccines in the NG5 area and during the winter months the centre was able to give around 1000 vaccinations per weekend.

This financial year has been much more stable with groups able to increase capacity and new groups opening due to Covid restrictions coming to an end. We also have been able to once again been able to hire out the centre to the local community for private functions.

Page 2

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Directors Trustees' Report (2)

From October 2021 a wide demographic from the local area continued to benefit from use of the community centre. Regular users of the centre provided the following groups and services: friendship groups for seniors, exercise classes, youth and children performing arts clubs, personal development courses, first aid courses and baby and toddler sensory groups.

Once again we extend a huge thank you to our local community for your support in choosing Eagle’s Nest Community Centre to hold your events.

The Trustees are satisfied that the charity has adequate resources to continue operating as a 'Going Concern for the forseeable future.

Reserves Policy

The Reserve Policy agreed by the Committee is to maintain Unrestricted Funds in the form of bank deposits.

Public Interest

The Directors aim to ensure management systems are in place to ensure that correct procedures are maintained for the safe operation of activities throughout the charity. Activities are planned which provide broad interest for all users in the locality of the community centre.

The Committees' 'Quality Assurance' sub committee is committed to raise standards and safeguard young people. As part of this review, management systems are in place to ensure that correct procedures are maintained for the safe operation of activities throughout the Association.

Statement of Trustees Responsibilities

The Trustees are required as a charity and under the Companies Act 2006 and Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the affairs of the company and disclose the net income or expenditure of the charity for that period and

The Trustees are also responsible for:

Small Company Exemptions

In preparing the report the directors have taken advantage of the small companys exemptions in Part 15 of the Companies Act 2006

Approved by the Director Trustees on ………………………………… And signed on its behalf by:

Julian Bond Director Chairman Tina Leonardi Director Treasurer

Page 3

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Independent Examiners Report

Independent Examiners Report to the Trustees

I report on the accounts of the company for the year ended 30 September 2022 which which are set out on pages 5 to 9

Respective responsibilities of Trustees and Examiner

The trustees' (who are also directors of the company for company law) are reponsible 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. I am qualified to undertake the independent examination, by being a qualified member of CIMA.

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:

• follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

Basis of Independent Examination

My examination was carried out in accordance with the directions given by the Charity Commissioners. An examination includes review of accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of the any unusual items or disclosures in the accounts and seeking explanations from Director Trustees on any such matters. The procedures undertaken do not provide all the evidence that would be required for 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 Examiners Statement

In connection with my examination, no matter has come to my attention

Mr A Pearson FCMA

Exec Practice Ltd 87 Main Street Newtown Linford Leicestershire LE6 0AF Date: 14-Dec-22

Page 4

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Statement of Financial Activities

Note
Incoming Resources
Grants & Donations
2
Lockdown Grants
Job Retention Scheme
Charitable Activities
3
Other incoming resources
Investment Income
Total Income
Resources expended
Raising Funds
Activities
Charitable Activities
Light & Heat
Computer & IT
Cleaning & Maintenance
Refurbishment
Wages & Salaries
Insurance
Accounts
Professional Services
Office & Sundry Expenses
Bank Charges
Refuse Collection
Fund raising
Charity Hub
Depreciation
Other Costs
Independent Examination
Total Expenditure
Net Income/(Expenditure) for the Year
Net movements for the year
Accumulated Reserves b/f
Prior Year Adjustment
Total Reserves		 £
£
£
£
Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
-
-
-
2,000
-
-
23,087
-
-
1,689
38,107
-
38,107
13,859
-
-
-
-
-
-
38,107
-
38,107
40,635
-
-
-
-
-
-
-
-
7,450
-
7,450
3,516
432
432
432
5,707
5,707
5,867
-
-
-
10,904
10,904
4,169
795
795
717
750
750
720
206
206
206
263
263
-
308
308
141
1,978
1,978
1,030
-
-
-
1,873
1,873
2,597
-
-
-
30,666
-
30,666
19,395
360
-
360
360
31,026
-
31,026
19,755
7,081
-
7,081
20,880
7,081
-
7,081
20,880
29,614
-
29,614
8,852
(118)
36,695
-
36,695
29,614

Page 5

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Balance Sheet

Note
Assets
Fixed Assets
4
Current Assets
Stock
6
Debtors & Prepayments
Cash at Bank and in hand
Less Current Liabilities
Creditors less than one year
7
Net Current Assets
Creditors more than one year
Net Assets
Reserves
Designated Funds
Unrestricted funds
Restricted funds
10
Total Reserves		 £
£
£
£
Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
-
-
-
-
-
-
-
-
4,658
-
4,658
1177
38,286
-
38,286
35,100
42,944
-
42,944
36,277
-
-
-
-
42,944
-
42,944
36,277
(6,249)
-
(6,249)
6,663
36,695
-
36,695
42,940
-
-
-
-
36,695
-
36,695
29,614
-
-
-
-
36,695
-
36,695
29,614
-

For the year ended 30 September 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilitiy for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

Approved by the Trustees on ………………………And signed on its behalf by:

Julian Bond Chairman
Tina Leonardi Treasurer

Page 6

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Notes to the Financial Statements

1 Accounting Policies 1.1a Basis of preparation

The charity is a 'public benefit entity'. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

1.1b Preparation of the accounts on a going concern basis

The Charity reported a surplus of £7,081 for the year ended 30 September 2022. The trustees are of the view, that given the Charity's reserve position, and outlook of support for the next 12 months, that the charity is a going concern.

1.2 Resources Expended

Expenditure is accounted for on an accrual basis.

1.3 Donations and Voluntary Income

Donations and Voluntary Income are accounted for when received.

1.4 Grants Receivable

Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds.

1.5 Grants Payable

Grants Payable are accounted for when they are paid.

1.6 Allocation of Costs

Costs are shown and allocated between Cost of Generating Funds, Charitable Activities and Governance costs, in accordance with the Chariry SORP. Where items involve more than one category they are apportioned between categories according to the nature of cost

1.7 Fixed Assets and Depreciation

Fixed Assets for charity use are capitalised at cost, or valuation if donated. Depreciation is calculated to write off the assets. Less their estimated residual value, over their useful lives on the following basis:

Land and Buildings are held under an operating lease date April 2009 (35 years) no rent is payable and there is an option to extend the lease thereafter

FFE Depreciation 10 years straight line basis

Depreciation commences in the year after purchase or commissioning

1.8 Comparative Figures

Comparative Costs are re-stated as applicable to aligne with the year reported.

2 Grants and Donations

During the year the charity received the following voluntary income

Nottinghamshire CC
Gedling BC
Other Grants & Donations
Total		 £
£
£
Unrestricted
Restricted
Total
2022
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2021
3,000
10,000
-
13,000

Page 7

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Notes to the Financial Statements

3
Activities for Generating Funds
Room Hire
Other
Total
4
Fixed Assets
Net Book value b/f
Additions
Disposals
Depreciation
Net Book value c/f
5
Staff costs
Number of employees:
The average number of paid part-time
employees during the year were:
Employment costs:
Wages and salaries
Employers national insurance
Pension contributions		 £
Equipment
Unrestricted
-
-
-		 2022
2021
38,107
13,859
-
-
38,107
13,859
£
Total
Unrestricted
-
-
-
-
- -
2022
2021
2
1
10,904
4,169
-
-
-
-
10,904
4,169

No employee received remuneration amounting to more than £60,000 in either year. Staff directly associated with Club Activities are shown under Cost of Generating Voluntary Income

6 Stocks

Stocks are valued at the lower of cost or market value

Page 8

Eagles Nest Community Action Financial Statements for the year to 30 September 2022 Notes to the Financial Statements

7
Creditors : amounts falling due within one year
Accruals
8
Analysis of Net Assets
Designated
Unrestricted
Restricted
Fixed Assets
-
-
-
Current Assets
-
42,944
-
Current Liabilities
-
-
-
Long Term Loans
(6,249)
Fund balance
-
36,695
-		 7
Creditors : amounts falling due within one year
Accruals
8
Analysis of Net Assets
Designated
Unrestricted
Restricted
Fixed Assets
-
-
-
Current Assets
-
42,944
-
Current Liabilities
-
-
-
Long Term Loans
(6,249)
Fund balance
-
36,695
-		 2022
2021
£
£
-
-
-
-
Total
-
42,944
-
(6,249)
36,695
-
36,695
-

9 Transactions with Director Trustees & Related Parties

No Trustees received remuneration or reimbursed expenses during the year.

10 Creditors more than one year
10 Creditors more than one year 2022 2021
£ £
Loan
Eagles Nest Church		 (6,249) (6,663)
12 Controlling Party

No one party has control over the company

Page 9