Bakersfield & Neighbourhood Community Association (Registered charity, number 1183962) Financial statements for the year ended 31 March 2024
| Page | Contents |
|---|---|
| 2 - 3 | Trustees’ annual report |
| 4 | Independent examiner’s report |
| 5 | Receipts & payments account |
| 6 | Statement of assets & liabilities |
| 7 - 8 | Notes to the accounts |
Bakersfield & Neighbourhood Community Association Trustees’ annual report for the year ended 31 March 2024
Full name Bakersfield & Neighbourhood Community Association
Other names by which the charity is known BANCA
Organisation type Charitable incorporated organisation
Registered charity number 1183962
Principal address 312 Sneinton Dale, Nottingham NG3 7DN
Trustees
David Mellen, Chair Dr Irfan Malik, Vice Chair Marilyn Livesey, Treasurer Joanne Flint Carol Greaves
Independent examiner
John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL
Governance and management
The charity is operated under the rules of its CIO – Association constitution adopted 18 June 2019 and most recently amended on 11 February 2022.
New trustees are elected and co-opted as trustees from amongst the committee members at the AGM under the terms of the constitution.
Objectives and activities
The principal objects of the charity are:
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To promote the benefit of the inhabitants of Bakersfield and the neighbourhood, without distinction of gender, sexual orientation, race or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations, in common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants;
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Establish, or secure the establishment of a community centre and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects;
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To promote such other charitable purposes as may from time to time be determined.
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Summary of the main activities undertaken for the public benefit
We offer a warm inviting space for the public to engage in the activities we have on offer. The local public benefit from affordable room hire and a variety of facilities which include fitness, social activities and engage in education groups and classes.
Public benefit statement
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
Summary of the main achievements during the period
We have continued to offer affordable room hire during a challenging time and are attracting new groups to help keep engaging with the local community.
The charity’s policy on reserves
We do not have a written policy on reserves but we are constantly reviewing our finances.
Funds held for 3[rd] parties
We held funds for Sneinton Social. The movement of funds was as follows.
| Opening balance at 01/04/23 Receipts Payments Closing balance at 31/03/23 |
£ 370 - (370) |
|---|---|
| 0 |
Risk analysis
We are constantly reviewing our finances due to the increase in utility bills and general outgoings.
Signed on behalf of the charity’s trustees:
Signed ______ Date _ David Mellen, Trustee
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Independent examiner’s report to the trustees of Bakersfield & Neighbourhood Community Association for the year ended 31 March 2024
I report to the trustees on my examination of the accounts of Bakersfield & Neighbourhood Community Association (the charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed ____ Date _______ John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
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Bakersfield & Neighbourhood Community Association Receipts & payments account for the year ended 31 March 2024
| 2023 Total Unrestricted Funds Funds £ Note £ Receipts 3659 Grants & donations 2 500 787 Subscriptions & membership 529 54218 Room rents 70040 70 Affiliation & storage 118 58734 Total receipts 71187 Payments 45798 Wages, NI & pension 45629 900 Payroll service 894 20 Travel & subsistence 32 18352 Utilities 15161 1254 Cleaning & hygiene 1064 697 Insurance - 387 Telephone & internet 446 359 Printing, stationery & postage 446 1197 Publications, subscriptions & licences 1177 513 Equipment, repairs & renewals 836 4708 Premises maintenance 1721 21 Hospitality 14 528 Independent examination fee - 228 Sundry payments 714 - Activities & trips 144 74962 Total payments 68278 (16228) Net receipts/(payments) 2909 27453 Cash funds at start of this period 11225 11225 Cash funds at end of this period 14134 |
2024 Restricted Total Funds Funds £ £ 3485 3985 - 529 - 70040 - 118 3485 74672 - 45629 - 894 - 32 2310 17471 - 1064 773 773 - 446 - 446 - 1177 - 836 - 1721 - 14 402 402 - 714 - 144 3485 71763 - 2909 - 11225 - 14134 |
|---|---|
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Bakersfield & Neighbourhood Community Association Statement of assets and liabilities at 31 March 2024
| 2023 £ Cash assets Note 11210 Bank accounts 15 Cash in hand 11225 Other monetary assets 11191 Debtors - Room Rents 460 Prepayments 4 11651 Assets retained for the charity’s own use General equipment. Liabilities (12072) Creditors 5 (12072) |
2024 £ 14104 30 |
|---|---|
| 14134 | |
| 6448 329 |
|
| 6777 | |
| (12252) | |
| (12252) |
These financial statements are accepted on behalf of the charity by:
Signed _____ Dated _____ Marilyn Livesey, Trustee
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Bakersfield & Neighbourhood Community Association Notes to the accounts for the year ended 31 March 2024
1. Receipts & payments accounts
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
2. Grants & donations
| Nottingham City Council Sundry grants & donations Funds analysis Opening balance £ Restricted funds Block fund - Fund Name - - Unrestricted funds General 11225 11225 |
Unrestricted £ - 500 500 Receipts (Payments) £ £ 3485 (3485) - - 3485 (3485) 71187 (68278) 71187 (68278) |
Restricted £ 3485 - 3485 Closing balance £ - - - 14134 14134 |
Total £ 3485 500 |
|---|---|---|---|
| 3985 | |||
3. Funds analysis
The Nottingham City Council Block fund was used to help with the running costs of the centre.
4. Prepayments
| Publications, subscriptions & licences Cleaning & hygiene |
£ 270 59 |
|---|---|
| 329 |
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Bakersfield & Neighbourhood Community Association
5. Creditors
£ Independent examination 612 Premises (see note 9) 7192 Pensions 292 Utilities 4115 Telephone & internet 41 12252
6. Premises & staff
The premises are provided by the local authority.
7. Trustees’ remuneration
One Trustee, Joanne Flint is employed by the Charity and was paid a total of £8,823.
8. Related party transactions
There were no related party transactions in this period.
9. Long term commitments
LED Lighting.
The replacement of antiquated & inefficient light fittings with LED’s. A repayment schedule commenced October 2022 and each year after that to repay a total amount of £10,404.98 over 7 years.
10. Glossary of terms
Creditors: These are amounts owed by the charity, but not paid during the accounting period.
Debtors: These are amounts owed to the charity, but not received in the accounting period.
Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.
Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.
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