Kingsclere Village Club Treasurer Report to the Trustees
- Year End 31 March 2022
Background Circumstances
During the year, the old charity (233266) was wound up and all activities transferred to CIO 1189234.
The following comments refer to the economic activity of both charities.
Independent Verifier Comments
There were no issues that needed to be recorded on the Independent Examiners Report to the Charity Commission.
No comments or recommendations were made.
Income
Our income from charitable and non-charitable trading increased significantly over the previous year (which was badly affected by Covid 19 restrictions) but it did not return to pre-Covid levels, with a shortfall of £10,000.
Covid 19 impacted on hiring rates and yoga classes, particularly in the first half of the year.
Only two fundraising events were held during the year.
Grants
The shortfall in trading income was covered by Covid recovery grants totalling £11,000, received from the Borough Council. A grant via The Greenham Trust enabled us to purchase garden furniture and a Parish Council grant was used to purchase plants as part of the development of the grounds.
Expenditure
The impact of rising energy prices was beginning to be felt, with the cost of services being £2,000 greater than the previous year. Major projects on the garden (£13,374) and the roof (£15,600) were completed. These were partly funded from reserves, leading to a fall of £16,000 in current assets.
In Summary
The year 2021-2022 was affected by the Covid-19 pandemic but to a lesser extent than in the previous year. The Club finished the year in a sound financial position, thanks to funds raised in previous years and local authority grants. Rising costs are beginning to make an impact and the situation needs careful monitoring.
Helen Andrew, Treasurer
KINGSCLERE VILLAGE CLUB CHARITY 1189234
ACCOUNTS FOR THE YEAR ENDED
31 MARCH 2022
KINGSCLERE VILLAGE CLUB 233266
ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
| CONTENTS | |
|---|---|
| Page | |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the accounts | 4 |
Please note: During the financial year ending March 2022, the Kingsclere Village Club was in the process of moving from Charity 233266 to CIO 1189234. These accounts must, therefore, be read in conjunction with those for Charity 233266 to understand the complete financial activities for the year April 2021 to March 2022.
1
KINGSCLERE VILLAGE CLUB 1189234
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Notes | Unrestricted Funds | Restricted Income | Total 2022 | Total 2021 | |
|---|---|---|---|---|---|
| INCOME | |||||
| Donations and Grants | 1 | £9,449 | £250 |
£9,699 |
£710 |
| Charitable Trading | £8,983 | £8,983 | |||
| Investment Income/Interest | £0 | £0 | |||
| Income from non-charitable trading | 2 | £13,696 | £13,696 | £2,599 |
|
| Total incoming resources | £32,127 | £250 |
£32,377 | £3,300 |
|
| EXPENDITURE | |||||
| Cost of fundraising | £962 | £962 | - |
||
| Licences and Publicity | £1,462 | £1,462 | - |
||
| Caretaking | £1,200 | £1,200 | - |
||
| Insurance | £1,670 | £1,670 | - |
||
| Maintenance | £2,964 | £2,964 | - |
||
| Miscellaneous | 3 | £2,289 | £250 |
£2,539 |
- |
| Services | £3,562 | £3,562 | - |
||
| Tutor Fees | £3,723 | £3,723 | - |
||
| Projects | 4 | £6,042 | - | ||
| Ecotricityerror | 5 | £9,659 | £9,659 | ||
| Total resources expended | £27,490 | £6,292 |
£33,782 | £0 |
|
| Net Incoming Resources | £4,637 | -£6,042 |
-£1,405 | £3,300 |
|
| Funds brought forward | £3,300 | £3,300 | £0 |
||
| Transfer from old charity | £35,527 | £6,296 |
£41,823 | - |
|
| Funds carried forward | £43,464 | £254 |
£43,718 | £3,300 |
2
KINGSCLERE VILLAGE CLUB 1189234
STATEMENT OF ASSETS AND LIABILITIES 31 MARCH 2022
| Notes | |||||||
|---|---|---|---|---|---|---|---|
| UNRESTRICTED FUNDS | RESTRICTED FUNDS | TOTAL 2022 | TOTAL 2021 | ||||
| CASH FUNDS | 6 | ||||||
| Current Account | £17,851 | £254 |
£18,105 |
£3,300 |
|||
| Deposit Account | £25,467 | - |
£25,467 |
- |
|||
| Cash in hand | £147 | - |
£147 |
- |
|||
| TOTAL CASH FUNDS | £43,464 | £254 |
£43,718 |
£3,300 |
|||
| DEBTORS | |||||||
| Ecotricity | 5 | £9,659 | £9,659 | ||||
| LIABILITIES | |||||||
| Expense claim outstanding | £222 | £222 | |||||
| CURRENT ASSETS | £52,901 | £254 |
£53,155 |
£3,300 |
|||
| cost £6,042 |
|||||||
| FIXED ASSETS PURCHASED IN THE YEAR | Note | ||||||
| cost | |||||||
| Garden Furniture | 4 |
||||||
| £6,042 |
These accounts have been prepared on a Receipts and Payment basis, in accordance with the Charity Reporting and Accounting Guidance 2013.
Disclosures
- a) No guarantee has been given by the CIO, where any potential liability under the guarantee is outstanding at the date of the statement of assets and liabilities.
b) There is no debt outstanding at the date of the statement of assets and liabilities which is owed by the CIO and which is secured by an express charge on any of the assets of the CIO.
Signed by two trustees on behalf of all the trustees
Signature
Print Name
Date of approval
Trustee 1
Trustee 2
3
KINGSCLERE VILLAGE CLUB 1189234
Notes to the accounts for the year ended 31 March 2022
1. Donations & Grants
| Parish Council(gardenplants) | 250 |
|---|---|
| Four Lanes Trust | £837 |
| Borough Council | £9,150 |
| Other | £144 |
| Fees to Greenham Trust (furnitureproject) |
-£682 |
| £9,699 |
2. Non-charitable Trading
| Leases | £1,900 |
|---|---|
| Classes | £9,185 |
| Fundraising | £2,570 |
| £13,656 |
3. Miscellaneous Expenditure
| Heritage consultant | £1,000 |
|---|---|
| Examination of accounts | £100 |
| Good Exchangeplatform fee | £79 |
| Solicitors fees | £994 |
| Other | £365 |
| £2,539 |
4. Fixed Assets Purchased in the Year
| Project | Cost | Funded |
|---|---|---|
| Garden Furniture |
£6,042 | £5717 in donations & Grants via Greenham Trust, originally paid into Charity 233266. Balance from reserves. |
5. Debtors
On 2[nd] February2022, Ecotricity took a direct debit of £9771.36 in error. Only £111.92 was due for electricity consumed. The balance of £9659.44 was refunded after the 2021/22 Year End
6. Bank Account Balances
| 31st March 2022 | |
|---|---|
| Co-opCurrent a/c Balance | £18,105 |
| Cash | £147 |
| Deposit Account | £25,467 |
| Total | £43,718 |
| Current Account | |
| 2020 balance brought forward |
£3,300 |
| Plus all 20/21 income | £32,231 |
| Plus transfers from 233266 | £16,356 |
| Less 20/21 expenses | £24,122 |
| Less Ecotricityerror | £9,659 |
| Year End Balance | £18,105 |
4
KINGSCLERE VILLAGE CLUB 1189234
Notes to the accounts for the year ended 31 March 2022
7. Fixed Assets for use by the Charity
The property at 35 and 37 George Street was given to the people of Kingsclere by the Holding family in 1921 to be a reading room and leisure centre. No value is placed on the property as an asset as the terms of the gift provide that, if ever disposed of, the proceeds should go to the Church.
8. Amounts Paid or Value of Benefits to Trustees
| Trustee | YE 2022 | YE2021 |
|---|---|---|
| H Andrew | None | None |
| L Baker | None | None |
| V Fletcher | n/a | None |
| E Hartley | None | None |
| J Hudson | None | None |
| S Morris | None | None |
| L Porton | n/a | None |
| F Sawyer | n/a | None |
| R Sharp | n/a | None |
| Y de Savigny | None | None |
5
Report to the trustees of Kingsclere Village Club CIO I report to the charity Irustees of Kingsclere Village Club, Charty number 1189234, on my examination of the accounts of the charity for the year ended 31$1 March 2022. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and Ihat an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act," to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)b of the Charities Act,. and to state whether partJ"cular matters have come to my attention. asls of independent examine$ rèport My examination was carried out in accordance with the general Directions given by the Charty Commission. An examination includes a r8view of th& accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not proVe all the eviden that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limrted to those matters set out in the statement below. Independent examIne9 Statsment In connection with my examination, no matter has come to my attention.. 11) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in a¢¢ordance with section 130 of the Charities Act., and to prepare accounts which accord with the accounting records. comply wrth the accounting requirements of the Charities Act have not been met,. or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of tfr4e accounts to be reached. Patricia Fox FCCA Charlered Certified Accountsnt 36 Essex Road Basingstoke RG217TB Date.......10 Signed........