THE NURSLING AND ROWNHAMS CIO
REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
CHARITY NUMBER 1187371
THE NURSLING AND ROWNHAMS CIO
PERIOD ENDING 31 MARCH 2021
CONTENTS
| PAGE: | |
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| Administrative Information | 1 |
| Trustees Report | 2 - 4 |
| Independent Examiners Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 9 |
THE NURSLING AND ROWNHAMS CIO
PERIOD ENDING 31 MARCH 2021
ADMINISTRATIVE INFORMATION
CHAIR: P Bundy TRUSTEES: M Maltby S Matby D Smith (resigned 5 August 2020) L Mallen (appointed 5 August 2020) S Williams (appointed 1 December 2020) PRINCIPLE OFFICE Horns Drove Rownhams Southampton SO16 8AH CHAIRTY NUMBER 1187371 INDEPENDENT EXAMINER: F Lyon 3 Rownhams Close Rownhams Southampton SO16 8AF
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THE NURSLING AND ROWNHAMS CIO
PERIOD ENDING 31 MARCH 2021
TRUSTEES ANNUAL REPORT
The Tustees present their annual report for The Nursling and Rownhams CIO for the year ended 31 March 2021.
The financial statement comply with the Charities Act 2011 and 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) issued October 2019 (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Nursling and Rownhams CIO (the charity) is an incorporated entity governed under a Constitution of a Charitable Incorporated Organisation.
The Trustees are responsbile for the overall management and control of The Nursling and Rownhams CIO and hold regular meetings.
All Trustee give their time freely and no remuneration was paid during the year.
ORGANISATION AND APPOINTMENT OF TRUSTEES
The charity is run by the Trustees. The Trustees are made of full members of the organisation, elected annually at the Annual General Meeting.
RISK MANAGEMENT
The Trustees are responsible for the overseeing of the risks faced by the charity. Risks are identified, assessed and controls established throughout the year. The Trustees believe that the adopted approach of close monitoring of the operations, staffing and finances of the Charity witll mitigate the significant risks.
In addition, the charity has further policies in place to cover all major business risks which are reviewed annually.
OBJECTIVES AND ACTIVITIES AND PUBLIC BENEFIT
The Trustees are aware the Charity Commission guidance on public benefit and their operation of the charity reflects this.
The Trustees believe the charity satisfies its public benefit obligation.
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THE NURSLING AND ROWNHAMS CIO
PERIOD ENDING 31 MARCH 2021
TRUSTEES ANNUAL REPORT
FINANCIAL REVIEW AND RESERVES
The financial results for the year ended 31 March 2021 show an overall surplus on unrestricted reserves of £21 789.
ACHIEVEMENTS AND PERFORMANCE
The period ending 31 March 2021 has been very difficult, as the Centre has been closed (due to Covid regulations) for a large part of the year and so income from hall hire has been minimal.
The Trustees have continued with general maintenance of the premises. Now that lockdown is easing, the Trustees are working to publicise the availability of the Centre to local groups and to develop the community use of The Nursling and Rownhams CIO in 2021 and beyond.
There has been a turnover in the membership of the Trustees that run The Nursling and Rownhams CIO, with new active Trustees joining who have brought new areas of expertise.
STATEMENTS OF TRUSTEES RESPONSIBILITIES
The Trustees are required by charity law to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that year. In preparing those financial statements, the Trustees are required to:-
a) Select suitable accounting policies and then apply them consistently;
b) Make judgements and estimates that are reasonable and prudent;
c) Prepare the financial statement on a going concern basis unless it is appropriate to presume that the Charity will continue in operation;
(d) State whether the policies adopted are in accordance with the Charities Act 2011 and with applicable accounting standards and Statements of Recommended Practice, subject to any material departure disclosed and explained in the financial statements;
e) Observe the methods and principals of the Charities SORP.
The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to ensure that the financial statements comply with the Charities Act.
The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE NURSLING AND ROWNHAMS CIO
PERIOD ENDING 31 MARCH 2021
TRUSTEES ANNUAL REPORT
The Trustees confirm they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
ON BEHALF OF THE BOARD OF TRUSTEES
….......................................... P BUNDY CHAIRMAN
Date:- 31 January 2022
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THE NURSLING AND ROWNHAMS CIO
PERIOD ENDING 31 MARCH 2021
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NURSLING AND ROWNHAMS CIO
I report on the accounts of the charity for the period ended 31 March 2021
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees of the CIO 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 CIO's accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinations giving me cause to believe that in any material respect:
- 1) accounting records were not kept as required by section 130 of the Act; or
2) the accounts do not accord with those records; or
3) the accounts to not comply with the applicable requirements concerning the form and contents of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have 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.
…............................................ F Lyon 3 Rownhams Close Rownhams Southampton SO16 8AF
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THE NURSLING AND ROWNHAMS CIO
FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
STATEMENT OF FINANCIAL ACTIVITES
| INCOME Hall and room rentals Grants Transfer from antecedent organisation TOTAL INCOME EXPENDITURE TOTAL EXPENDITURE NET MOVEMENT FOR THE YEAR RECONCILIATION OF FUNDS Total fund balance brought forward Total fund balance carried forward |
Total Unrestricted 2021 £ 4,243 19,907 6,000 30,150 8,361 8,361 21,789 - 21,789 |
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THE NURSLING AND ROWNHAMS CIO
FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
BALANCE SHEET
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2021
Notes £ £
FIXED ASSETS -
CURRENT ASSETS
Cash at bank 4,719
Debtors 17,872
TOTAL CURRENT ASSETS 22,591
CURRENT LIABILITIES
Creditors 802
TOTAL NET ASSETS 21,789
THE FUNDS OF THE CHARITY
Unrestricted income funds 21,789
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The financial statements were approved by the Board of Trustees on 31 January 2022.
…............................................................. P Bundy CHAIRMAN
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THE NURSLING AND ROWNHAMS CIO
FOR THE PERIOD ENDED 31 MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
- ACCOUNTING POLICIES
a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise statement in the relevant notes to these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued October 2019 (effective 1 January 2019) the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Trustees consider there no material uncertainties about the Charity's ability to continue as a going concern.
b) INCOME
Income represents the amount derived from the Charity's ordinary activities. Income is recognised in the period in which the charity is entitled to recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. No income is stated net of any associated expenditure.
c) EXPENDITURE
All expenditure is accounted for on an accruals basis. Charitable expenditure comprises those costs incurred by the charity in delivery of its activities and services to beneficiaries. Governance costs include costs associated with meeting constitutional and statutory requirements of the charity and are part of the charity's activities. Expenditure is allocated to expense headings on a direct cost basis.
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THE NURSLING AND ROWNHAMS CIO
FOR THE PERIOD ENDED 31 MARCH 2021
NOTES TO THE FINANCIAL STATEMENTS
2. EXPENDITURE ON CHARITIABLE ACTIVITIES
| Rates and water Light and heat Insurance Repairs and maintenance Telephone and broadband Cleaning and waste Sundries |
Total unrestricted 2021 £ 176 1,743 760 2,617 363 2,296 406 8,361 |
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3. STAFF COSTS
No remuneration was paid to any of the Trustees in the year, expenses of £130 was reimbursed
The average number of employees during the year was Nil.
| 4. DEBTORS Nursling and Rownhams Community Association 5. CREDITORS Accruals and deferred income 6. MOVEMENT IN FUNDS Balance b/f Income Expenditure Unrestricted funds - 30,150 8,361 |
2021 £ 17,872 496 Balance at 31 March 2021 21,789 |
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