2022-03-31-accounts - ABC Book Club

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

		Acorn Book Club	(ABC)	(ABC)
	Accounts for the Year Ended 31"March 2022
		Trustees' Annual	Report
Governing	Document	Acorn Book Club (ABC)		is a Charitable		Incorporated	Organisation
		formed by way ofa governing			document	dated 27 June 2019.
REFERENCE AND ADNIINISTRATION		DETAILS
Registered	Charity No.	1184137
Address		9 Marks Road, Bromley,		BR2	9HG
Trustees
		Robert Sargent
		Sandra Sargent
		David Spragg
		Rosemary Yazdani
		Tees Dowd
Bankers
		MetroBank,
Accountants		Barnes Roffe LLP
		Chartered Accountants
		Charles Lake House,	Claire Causeway,			Crossways
		Business Park, Dartford,		Kent,	DA2 6QA

					Unrestricted
					funds	Total	roiai
				Note	2022 6	2022f	2021f
Incoming resources
Income and	endowments		from:
Donations					19,267	19,267	5,155
Other trading	sctivittes				246	246
Total					19,513	I, 1
Resources	expended
Expenditure	on:
Charitable activities					5,044	5,044	120
Total					5,044	5,044	120
Net income/(expenditure)					14,469	14,469	5,045
Net movement in funds					14,469	14,469	5,045
Total funds	brought	forward at 1 April 2021			9,871	9,971	4,525
Total funds	carried	forward at 31 March		2022	24,340	24,340	9,871

			Unrestricte	Total	Total
			d Funds	2022	2021
		Note	2	2
Current Assets
Debtors			12,719	12,719
Cash at bank and in hand			12,871	12,571	9,871
Total Current Assets			25,590	25,590	9,871
Creditors: amounts	falling due within one year		1,250	1,250
Net current assets			24,340	24,340	9,871
Total Net Assets			24,340		9,871
Funds ofthe charity
Unrestricted funds			24,340	24,340	9,871
Totalfunds			24,340	24,340	9,871

			ACORN BOOK CLUB (ABC)	ACORN BOOK CLUB (ABC)	ACORN BOOK CLUB (ABC)	ACORN BOOK CLUB (ABC)	ACORN BOOK CLUB (ABC)	ACORN BOOK CLUB (ABC)	ACORN BOOK CLUB (ABC)
			Accounts for the Year Ended 31 March 2022
				Notes to the	Accounts
1.	General Information
	Acorn Book Club (ASC) is a Charitable		Incorporated Organisation		and registered chanty						incorporated				in	England		and		Wales.
	The registered office is 0 Marks Road,	Bromley,		BR2 9HJ.
2.	Accounting policies
2.1	These accounts 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. )he accounts have					been prepared						in accordance				with		the
	Statement of Recommended Prachce.	Accounting and Reporhng			by	Chanties		preparing		their accounts					in	accordance			with		the
	Financial Reportmg Standard applicable		in the	UK and Republic	of	Ireland	(FRS 102)			issued		on	16		July 2014			and	with		the
	Financial Reporting Standard applicable		in the	United Kingdom	and	Republic		of Ireland		(FRS		102)		and		with	the	Chrities			Act
	2011.
2.2	Income
	Recognition ofincome
	Income is included in the Statement of	Financial		Activities (SoFA) when
	~ the charity becomes entitled to Ihe		resources;
	~ it is more likely than not that the trustees will receive the resources, and
	the monetary value can be measured with			sufficienl reliability.
	Offsetting
	There has been no offsetting of assets		and liabilities, or income		and	expenses, unless				required		or permitted					by	lhe	FRS		102
	SORP or FRS 102.
	Grants and donetloas
	Grants and donations are only included		in the SoFA when the general			income		recognition		criteria		sre		met.
	Volunteer help
	The value ofany voluntary help received		is not	included in the accounts but			is	described		in	the trustees'				annual		report.
2.3	Expenditure and ffabigties
	Llebffily mcognition
	Liabilities are recognised where it is more hkely			than not that there is		a legal	or constructive				obligation			committing				the	charity to
	pay out resources and the amount ofthe obligation csn be measured					with reasonable			certainty.
	Governance end support casts
	Support costs have been allocated between			governance costs	and other			support.	Governance					costs comprise					all	costs
	involving public accountabilay ofthe chsnty and			its compliance with regulation				and good		practice.
	Support costs include central functions		and have been allocated		to activity		cost categones				on a	basis			consistent			with the			use
	ofresources.
	Creditors
	The charity has creditors which are measured at settlement amounts					less sny		trade discounts.

				Unrestricted		Unrestricted	Unrestricted
				funds	Total	funds
				2022	2022	2021
				E	E
3.	Analysis of Income
	Dcnstionsr
	General donations			14,902	14,902	5,	165
	Payroll Giving			4,205
				19,267	19,267	5,	165
	Other trading sctlvltlesi
	Sales of books			246	246
	Total Income					5,	165
				Unrestricted		Unrestricted
				funds	Total	funds
				2022	2022	2021
			Note	E	E	E
4.	Analysis ofexpenditure	on charitable	activities
	Project Costs			1,607	1,607
	Support Costs			246	246		120
	Governance Costs			3,111	3,111
	Total Expenditure			5,044
				Charitable		Charitable
				Activities	Total	Activities
				2022 E	2022 6	2021f
5.	Analysis ofsupport costs
	Bank Charges			110	110		120
	Storage Costs			60	60
	Rates			76	76
	Total Support costs						120
				Charitable		Charitable
				Activities	Total	Activities
				2022	2022	2021
				6	E	E
6.	Analysis ofgovernance	costs
	Accountancy			2,930	2,930
	Legal and Protessional			25	25
	Insnrnnos			156	156
	Total governance costs				3,111

		2022	2021	2021
		8	8
7.	Debtors and prepayments
	Prspayments and accrued income	12,719
	Total debtors and prepayrnents	12,719
		2022 8	2021f
8.	Creditors and accruals
	Accruais and deferred income	1,250
	Total creditors and accruals	1,250
		2022	2021
			5
9.	Cash at bank and in hand
	Cash at bank and in hand	12,871		9,871
	Total cash at bank and in hand	12,871		9,871