# **FRIENDS OF WINDMILL GARDENS Charity Registration No 1176991**
## **REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
## **FRIENDS OF WINDMILL GARDENS**
|**Contents**|**Page**|
|---|---|
|Trustees' Report|1|
|Independent Examiner’s Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statement|5|
## **FRIENDS OF WINDMILL GARDENS**
## **TRUSTEES REPORT**
## **FOR THE YEAR ENDED 31 MARCH 2021**
The trustees present the financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the Financial Reporting Standards for Smaller Entities, Part 15 the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice.
## **Objectives Of The Charity**
The object of the charity is to advance the education of the public through the preservation, restoration and display of Brixton Windmill.
In furtherance of these objectives, the trustees shall have the power to establish or secure the establishment of a community centre and park, and to maintain, manage and cooperate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objectives.
Trustees
The following were trustees of the charity throughout the year unless otherwise stated:
J Kerrigan (Chair) N Weedon (Vice chair) C Patton V Whittingham (Secretary) E du Parcq A Lee J Thomas S Sikka (Treasurer) A Holsborough M Gordon P Tudor M Brown
This report was approved on behalf of the Board on the 10[th] of November 2021.
SS.
S Sikka
Trustee
Page 1
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF**
## **FRIENDS OF WINDMILL GARDENS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
In accordance with your instructions, I have examined these unaudited accounts in order to assist you to fulfil your statutory responsibilities. No matters of concern come to my attention during the examination.
C. N. Cattermole ACMA
10 November 2021
Page 2
## **FRIENDS OF WINDMILL GARDENS**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 MARCH 2021**
|**INCOMING RESOURCES**
2021
£
Grants and awards
76,958
Donations
7,317
Trading Income
19,298
Membership Income
923
Other Income
0
Total Income
**104,496**
**RESOURCES EXPENDED**
Staff
costs
38,979
Premises costs
3,744
Training & development
3,321
Licence & Membership
281
Merchandise
expenses
2,015
Activities Expenses
3,263
Professional fees
4,443
Administration expenses
13,843
Depreciation
6,445
Other costs
864
Website
6,736
Total resources expended
**83,933**
Net movement in funds
**20,563**
Balance at 1 April
24,698
Balance at 31 March
**45,261**|2020
£
43,118
4,133
4,748
392
5,150
**57,541**
21,834
0
4,969
323
1,470
5,052
8,320
6,726
0
783
9,775
**59,252**
**-1,711**
26,409
**24,698**|
|---|---|
All income and expenditure on ordinary activities are attributable to continuing operations. The company has no recognised gains or losses other than the income for the year.
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## **FRIENDS OF WINDMILL GARDENS**
## **BALANCE SHEET AS AT 31 MARCH 2021**
||2021|2020|
|---|---|---|
|**Fixed Assets**|||
||£|£|
|Centre Equipment|**12,891**|**0**|
|**Current assets**|£|£|
|Petty|||
|cash|619|537|
|Bank balance|82,035|67,565|
|Paypal|155|1,845|
|Debtors|7,779|1,531|
|||8|
|Total current assets|**90,587**|**71,486**|
|**Current liabilities**|||
|Deferred grants|-58,217|-46,788|
|Net current assets|**32,370**|**24,698**|
|**Total net assets**|**45,261**|**24,698**|
|**Reserves**|||
|Designated reserve|5,000|0|
|General reserve|40,261|24,698|
|**Total reserves**|**45,261**|**24,698**|
Page 4
In preparing these financial statements:
For the year ended 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The Trustees responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with provisions applicable to companies subject to the small companies’ regime.
The accounts were approved by the Board on the 10th November 2021 and signed on its behalf.
## **FRIENDS OF WINDMILL GARDENS**
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021**
## **Accounting Policies**
## **Basis Of Preparation Of Accounts**
The accounts have been prepared under the historical cost convention using the following accounting policies.
## **Income Resources and Expenditure**
Income and expenditure is included on an accruals basis and is allocated to the different categories of the Statement of Financial Activities on a basis which reflects the day to day operations of the charity.
Page 5
## **Explanatory Notes**
1. The equipment is shown as an asset with depreciation shown as an expense. The figures are equipment purchases as shown in the account (£18,834.01) + iPad (£501.98) = £19,335.99. Depreciation of this over 3 years gives us an annual figure of £6,445 (£19,336/3) and so that is shown as an expense and the balance sheet value of the equipment at the year-end is £19,336 less £6,445 = £12,891.
2. ‘Grants and awards’ show the grants actually spent as income for this year, the rest is deferred to the following year. Amount shown is the deferred grants brought forward from the previous year plus the cash received less the amount spent.
3. ‘Deferred Grants’ refer to grants given for **specific purposes** that are deferred to the following financial year.
4. ‘Trading Income’ includes merchandise sales, flour sales, open day sales including windmill walks, and cafe sales as well as venue hire.
5. The Debtors amount appears high as there was a large outstanding invoice for venue higher (for the Covid test centre) at the end of the financial year. We confirm this has now been received.
6. The Petty Cash amount includes both Open Day and BWC Cafe floats.
Page 6