REGISTERED CHARITY NUMBER: 1178676
Report of the Trustees and Financial Statements for the Year Ended 31 March 2022 for Sussex Pavilion Community Group CIO
SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Sussex Pavilion Community Group CIO
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 6 |
| Detailed Statement of Financial Activities | 7 |
Sussex Pavilion Community Group CIO
Report of the Trustees
for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 2019).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1178676
Principal address
The Pavillion Sussex Recreation Ground Brereton Avenue Cleethorpes N E Lincolnshire DN35 8AB
Trustees
H F Chase G Ellis S Pygott J Clark V A Taylor S Ellis
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity was registered by a Constitution dated 6 June 2018, as amended on 18 September 2019, and registered with the Charity Commission as a Charitable Incorporated Organisation governed by the proper law of England and Wales.
The management of the Charity is conducted solely by the trustees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance education and to provide facilities in the interest of social welfare for recreation leisure time occupation with the objective of improving the conditions of the life for the residents of Sidney Sussex and Croft Baker wards in the borough of North East Lincolnshire.
Public benefit
The trustees are aware of the Charity Commission guidance on Public Benefit and confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to it.
OTHER NAMES
The Charity is also known as the "Sidney Sussex Community Group".
Approved by order of the board of trustees on 28 September 2022 and signed on its behalf by:
............................................. S Pygott - Trustee
Page 1
Sussex Pavilion Community Group CIO
Statement of Financial Activities for the Year Ended 31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||
| fund | funds | ||||
| Not | £ | £ | £ | £ | |
| es | |||||
| INCOMING RESOURCES | |||||
| Incoming resources from generated funds | |||||
| Voluntary income | 9,044 | - | 9,044 | 19,931 | |
| Activities for generating funds | 2 | 12,032 | - | 12,032 | 4,740 |
| Total incoming resources | 21,076 | - | 21,076 | 24,671 | |
| RESOURCES EXPENDED | |||||
| Charitable activities | |||||
| General | 14,776 | - | 14,776 | 12,652 | |
| Governance costs | 800 | - | 800 | 742 | |
| Total resources expended | 15,576 | - | 15,576 | 13,394 | |
| NET INCOMING RESOURCES | 5,500 | - | 5,500 | 11,277 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 42,614 | - | 42,614 | 31,337 | |
| TOTAL FUNDS CARRIED FORWARD | 48,114 | - | 48,114 | 42,614 |
The notes form part of these financial statements
Page 2
Sussex Pavilion Community Group CIO
Balance Sheet
At 31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||
| fund | funds | ||||
| Not | £ | £ | £ | £ | |
| es | |||||
| FIXED ASSETS | |||||
| Tangible assets | 4 | 25,606 | - | 25,606 | 26,477 |
| CURRENT ASSETS | |||||
| Debtors | 5 | 904 | - | 904 | 237 |
| Cash at bank and in hand | 22,404 | - | 22,404 | 16,642 | |
| 23,308 | - | 23,308 | 16,879 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 6 | (800) | - | (800) | (742) |
| NET CURRENT ASSETS | 22,508 | - | 22,508 | 16,137 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 48,114 | - | 48,114 | 42,614 | |
| NET ASSETS | 48,114 | - | 48,114 | 42,614 | |
| FUNDS | 7 | ||||
| Unrestricted funds | 48,114 | 42,614 | |||
| TOTAL FUNDS | 48,114 | 42,614 |
The financial statements were approved by the Board of Trustees on ...23 September 2022.......................................... and were signed on its behalf by:
............................................. S Pygott -Trustee
............................................. H F Chase -Trustee
............................................. G Ellis -Trustee
The notes form part of these financial statements
Page 3
Sussex Pavilion Community Group CIO
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 I January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102- reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' - The requirements of Section 7 Statement of Cash Flows.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the yearend date are noted as a commitment but not accrued as expenditure.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Improvements to property | - 10% on cost |
|---|---|
| Plant and machinery | - 25% on cost |
| Fixtures and fittings | - 33% on cost |
| Computer equipment | - 33% on cost |
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. ACTIVITIES FOR GENERATING FUNDS
| Pavilion hire & fees rendered | 2022 £ 12,032 |
2021 £ 4,740 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Page 4
Sussex Pavilion Community Group CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 4. | TANGIBLE FIXED ASSETS | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Improvements | Plant | and | Fixtures and | Computer | |||||
| to property | machinery | fittings | equipment | Totals | |||||
| £ | £ | £ | £ | £ | |||||
| COST | |||||||||
| At 1 April 2021 | 26,045 | 1,584 | 2,068 | 628 | 30,325 | ||||
| Additions | 3,286 | - | - | - | 3,286 | ||||
| At 31 March 2022 | 29,331 | 1,584 | 2,068 | 628 | 33,611 | ||||
| DEPRECIATION | |||||||||
| At 1 April 2021 | 1,519 | 894 | 1,114 | 321 | 3,848 | ||||
| Charge for year | 2,933 | 396 | 635 | 193 | 4,157 | ||||
| At 31 March 2022 | 4,452 | 1,290 | 1,749 | 514 | 8,005 | ||||
| NET BOOK VALUE | |||||||||
| At 31 March 2022 | 24,879 | 294 | 319 | 114 | 25,606 | ||||
| At 31 March 2021 | 24,526 | 690 | 954 | 307 | 26,477 | ||||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2022 | 2021 | ||||||||
| £ | £ | ||||||||
| Other debtors | 904 | 237 | |||||||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE | YEAR | ||||||
| 2022 | 2021 | ||||||||
| £ | £ | ||||||||
| Other creditors | 800 | 742 | |||||||
| 7. | MOVEMENT IN FUNDS | ||||||||
| Net movement | |||||||||
| At | 1.4.21 | in funds | At 31.3.22 | ||||||
| £ | £ | £ | |||||||
| Unrestricted funds | |||||||||
| General fund | 42,614 | 5,500 | 48,114 | ||||||
| TOTAL FUNDS | 42,614 | 5,500 | 48,114 | ||||||
| Net movement in funds, included | in the above are as follows: | ||||||||
| Incoming | Resources | Movement in | |||||||
| resources | expended | funds | |||||||
| £ | £ | £ | |||||||
| Unrestricted funds | |||||||||
| General fund | 21,076 | (15,576) | 5,500 | ||||||
| TOTAL FUNDS | 21,076 | (15,576) | 5,500 |
Page 5
Sussex Pavilion Community Group CIO
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.20 Net movement in funds Transfers between funds At £ £ £ Unrestricted Funds General fund 13,265 11,277 18,072 Restricted Funds GrantScape Disabled Toilet Refurbishment Fund 18,072 - (18,072) TOTAL FUNDS 31,337 11,277 - |
31.3.21 £ 42,614 - |
|---|---|
| 42,614 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 24,671 | (13,394) | 11,277 |
| TOTAL FUNDS | 24,671 | (13,394) | 11,277 |
A current year 12 months and prior year 12 months combined position is as follows:
| At 1.4.20 Net movement in funds Transfers between funds At £ £ £ Unrestricted funds General fund 13,265 16,777 18,072 Restricted funds GrantScape Disabled Toilet Refurbishment Fund 18,072 - (18,072) TOTAL FUNDS 31,337 16,777 - |
31.3.22 £ 48,114 - |
|---|---|
| 48,114 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 45,747 | (28,970) | 16,777 |
| TOTAL FUNDS | 45,747 | (28,970) | 16,777 |
Page 6
Sussex Pavilion Community Group CIO
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 INCOMING RESOURCES Voluntary income Grants Activities for generating funds Pavilion hire & fees rendered Total incoming resources RESOURCES EXPENDED Charitable activities Rates and water Insurance Telephone Postage and stationery Advertising Sundries Professional fees & subscriptions Repairs & renewals and pitch maintenance Computers & software Cleaning Refreshments & consumables Pavilion Expenses & Equipment Travelling Expense Depn of Improvements to property Depn of Plant and machinery Depn of Fixtures and fittings Depn of Computer equipment Governance costs Accountancy Support costs Finance Bank charges Total resources expended Net income |
2022 £ 9,044 12,032 21,076 501 2,056 578 19 91 73 197 3,005 434 1,015 592 1,608 427 2,933 396 635 193 14,753 800 23 15,576 5,500 |
2021 £ 19,931 4,740 |
|---|---|---|
| 24,671 - 2,205 560 223 1,011 48 324 2,474 374 544 502 1,574 - 1,519 396 689 209 |
||
| 12,652 742 - |
||
| 13,394 | ||
| 11,277 |
This page does not form part of the statutory financial statements
Page 7