THE EPSOM WELLS COMMUNITY ASSOCIATION la charitable Incorporat•d organlsatlonl Report of the Trustees and Financial Ststements Penc<l endod 31 08Mber 2022 Chth number.. 1196955
THE EPSOM WELLS COMMUNITY ASSOCIATION (a chaiitablo incorpornted organisation) Chwity Regislraiion Ilo.. 1196955 Ch•rlty Infonn•tion for the perlod ended 31 December 2022 Contents Page: Report of the Trustees Statent of filncIal xbvit Statement ol FinwKial Posityon Note8 on the fina101 ststen*nts Trtea¥ Vanew Georgina Marchant Jacqueline HanCk Mark Christian Todd Colin Notman-watt Debra Leigh Sparham Jason Marchant 8arry Murton Robin Cordell Charlty R•ghtrnllon Numb•r 1136687 Reglstored Offic• 7 Spa Drive Epsom Surrey KT18 7LR Bank•r• Metro Bank One SoLthampton Row London WC1B SHA
THE EPSOM WELLS COMMUNITY ASSOCIATION (a charitable incorpofated organlsatlon) Charlty R8glstrakn No." If96955 Report of the TnMIo•8 for tho lIod ended 31 December 2022 The Trustees present their report along with the financial statements of The Epsom Wells Community Association I'EWCA'I. for the pefrod ended 31 December 2022 The financial slatements have been Prepared in accordance wtth Ihe ac¢ounting pdi¢ set out on pages 12 to 14 and comply with the current statutory requirements, the Charities Aet 2011, the Companies Act 20C6, the Memorandum and ArtleS of ASslation. arml the Stalemenl of Recommended Prath"¢e appltible lo charibes preparing their accounts in xcordance wlh the Financial Repo.n9 Stsndard applicable in the UK and Republic of Ireland IFRS 102) leffectrrfe l January 20151. Stat EKA was created on 1 Juty 2021 as * unncorwated entty and registered as a charitable incorporated organisalion ICIOI on 6 Decemtr 2021. for exthsN8ly chantable purposes pursuant to the Charity CoMmissn for England and Wa18S. This 1$ the first $el of ffinanc4 statements b8ing prepared by the Charity. ObJ•ctlv•s and All••lon The EVICA'$ objective is to reopen The Wdls Communrty Centre I"centre'l and make the centre available to the communty for hire purposes. The secondary objective is to also run dasses that fulfil the values of educabon. wellbeing, environment and communrty. In setting the EA'S obieth"ve$ and planning its actsvitses. the Truslees have conshlered Secb'on 17 of the Cttsrilies A 2011. In doing so they are satisfied thai they have coMpld with their duty to have regard to the Public Benefit guidance published by the Chanty Commissw. The EWCA'S actwit8 and achievements are outlined throughout this Trustees, ReprKt and the Truslees believe they fulty deffthstrate that the EWCA Is providing public benefit. The objects of the EKA are; To fvrttter or benefrt the residents of surrey and the nevjhbourhood. without distincts'on of sex, sexual orientstson, race or of polth'cal, 1j$ or other opinions by assoctsng together the said re$Klents and the local authonties, voluntary and othèr org8nisatKins in a commn effort lo advance edu¢ab'on and to provide facilil¢es in interests of social wdfare for recroion and leisure occupation wrth the objedive of improving the conditions of life for the idents. In fvrtherance of these objecls bul nol olherwrse, the truslees shall have power. to establish or secure the estsblisttment of a communty Cent aThJ lo maintain or manage or Coknoperate with any ststulory authorty in the maintenan¢e and manageffent of Such a centre fty activites prcrfted by the charity in furtherance of the above objects. Orp•nlsatlon The Board of Trustees meets lo review and upjate the EV4fA's strategy and areas of ath'vty, including consideralK)n of granl-making, a review of the reseNes Fdi¢y as ell as the overall risk profile of the
THE EPSOM WELLS COMAIUNITY ASSOCIATION
la ¢haritable in¢ofporated Ofganlsat6w)
Charity Registratlon No.. 1196955
Report ol the Trustees
for th• rIOd ended 31 December 2022 (continue
AppOIntme ol Trustees
Unless as stated OtheIse, the folk7wing were on Ihe board of Trustees throughout the Fernd ended 31 Dernber
2022 and to the date of this reFMNL
Vanesssa Georgina Marchant {appointed 28 January 2>
Jacqueline Hancctk lapwinted 28 January 20221
Mark Christsan TcAld (appointed 28 January 2022)
Colin Nolman-watt lappoint¢d 28 January 20221
Debra Leigh Sparham lappoinled 28 January 20221
Jason Marchant lappjinled 28 January 20221
Barry Murton lapF
THE EPSOM WELLS COMMUNITY ASSOCIATION {a ¢hartt•blt Incorporated •)ryanl•ation) Charfty Reglstratlon No." 1196955 Roport ofthe Tnt••s for the perk)d •ndod 31 D•¢ombw 2022 (conllnu•d) OperatRMal Reseryes Cash Ilow projeclK)ns for income and expendrture are regularty revbewed by the Trustees to ensure that the level of disposable nel assets is adequate and that the EWCA is in a¢osthin to m¢ot all its grant-making and working capital commitments for the foreseeable fijture. The reserves policy is revMYed annualty to reassess the risks and reflect ary Changes to the EVKA'S incoffe, Capital, financial Obl8.0ns and lon9-term plans tor charitable expenditure. The UnreStrted funds are eXpendae at the discretion of the Board of Truslees in fvrtheranrA of the objects of the funds. InvHlment Polky Ur¢der the eonstitub'on {goveming documenll, the EKCA has the Pry4¥er to invest in any way the Trustees wish, The Trustees, having regard to the liquhJity requirements of the EV4CA and to the reseThes polKy have operated polw of keeping availab funds in an interest-teanng deposit accounl. Grnntlng Pollcy The Trustee8 meet regularfy to consider what grants they will make and to review any feedback they have received. The TTuslees are commffted lo applying the EKA'S sOUrceS in a pOnsible manner forthe purposes ofyielding maximum benefit. Rhk 8tstem•nt The Trustees a ponsIble for the rnanagennt of the risky faced ty the EVKA and have examined the major Slralegic. business and operatsonal risks lo which the ECA Is and may be exposed. They are satisfied that the systems and controls are in place lo mitKJate and manage exposure lo such major risks identifd by the Trustees. They conbnue to review current prrKesses recognising that syste can onty prov#Je reasonable bul not absolute 8S8urance that major risks have been quately managed Publlc b•n•fft •tat•ment The Trustees confim Ihat they have complied with the duty in secl)n 4 of the CharitS Act 2006 to have due regard to the Charity Commission's general guKlance on public benefft. 'Charrtw and Publr Benefil, Flnancl•l R•vl•w Total incoming resources arrh)unbfj to £12,204 made up olty of voluntary donations. The asset base of the ElhCA stsnds at £10,816
THE EPSOM WELLS COMMUNITY ASSOCIATION (a charltable Incofporated wJanisation Charfty Roglstrallon No." 1196955 Report of tho Trtte•S for th• p•rkMI •nd•d 31 D•c•fflb•r 2022 (contlnu•dJ Futyro Plans The fvtUTe plans of the EINCA are lo continue to Treel the main obseth.ves of the EWCA and to ensure that the application of any income for the publ benefit is exdusively for*table objects and purposes. To aid this Ihe EWCA will actively seek voluntary donations. On behalf of the Board. Van••s•a G•oryln• Ihr¢hant Trustee Dale.. 9 June 2023
THE EPSOM WELLS COMMUNITY ASSOCIATION la ch*ri¢•ble incorporntod oryanisalion Charlty Reglstratlon No." 1190955 Statornont of financial activi11os lincludlng Income and Expendlture Account) for thg n(MI endod 31 DKernr 2022 Inc¢)m• and •xpendlture account Nol• Rmtrlcted Unmtrl¢ted funds fund8 Totsl 2022 Incomlng Donations al charitable activities 11,704 12.204 Totsl In¢om• 11.704 12.204 Exp•ndltur• Charrtable activities 11,3881 {1,3881 Total •xp•ndftur• 11.388) {1,3881 N•t l•xp•ndttur•ylTrcom• 10,316 10,816 Revaluats'on of investments Not mov•m•nt In fund• 10.318 10.816 Totsl funds Ixought foThYard Total funds carri8d lorward 10,316 10,816 All ankiunts relale to cofttinuing activrties and there fos been no chanpe in the nature of the EKA'$ actlvlties In the year. There We no other recognised gains arKI losses other Ihan stated above and therefore no separate statement of totsl recognised gains and h)sses has been presented. The notes on pages g 10 12 lomi part ol these ffinanctal statements.
THE EPSOM WELLS COMMUNITY ASSOCIATION (a charltable incorporated organlsation} Charlty Roglstrauon Ilo.. 1196955 St4t•nwrt of Financial Position •• Ot 31 D•cember 2022 2022 Curr•fit a••ots Cash al bank 10.816 Not curront a880ts 10.816 Total not a•••t• 10,816 Th• fund• of the EWCA: unrestr lunds Reslricled Funds Expendable Endu4vrr*nt Funds 10.316 500 Total EWCA lund• 10.816 The Trustees have not required the EV4CA to obtain an audit of rts financial slatements for the year In quesllon. The trustees acknowledge their responsibilit$ for comptying with the réquirements of the CIO A880ciation and in respect to accounting records and the preparatn of accounts. These finanGi81 $tatetronts were approved by the toard and auttrv)n'sed for issue on 9 June 2023. V•nM••a G•orglna M•r¢hant Trust4•
THE EPSOM WELLS COMMUNITY ASSOCIATION la ¢harilable in¢orpornted organisation) Chortty Ropistratlon P40." 1190955 Notss fornilng part of the flnanclal statoments for th• prlod endod 31 DK•mb•r 2022 1 Gener•1 Infonnatlon The EA ts a Chantable Incorwrated Organisation {CIOI, regtstered in England and Wales. The address of ils registered office is 7 Spa DrNe, Epsom, Syrrey. KT18 7LR. 2 Stsl•m•nt of Compllanee The finan¢ial slateffEnts have been prepared in accordance with knounbng and Reporb"ng by Charilies.. statement of Recommended Practtt aPIcab to charrb.es preparing their accounts in accordance with the Financ1 Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102") leffective 1 January 20191- (Charities SORP {FRS 102)), the Finan81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2006. The EKA meets the definrtion of a public benefft enlity under FRS 102. The assets and liabilities are inib.ally reccgnised at historical cost or transaction value unless otherwise Stat in the relevant accounting polry note. 3 Accountlng poll¢lo• The principal acUntrng FoIKies appli•J in the preparaknon of trSe financHI Statennts are sel out bebw. These polices have been consbstentty aPd to all the years presented. unkss otherww staled. lal Legal status The EVA is a Charilable Incorporated OrganisatK)n IICOI. There are no shares of any class, either authorised or alkxaleo. The Trustees are rewnsible for the apprOpre running of the charity. Ibl IneoTh Ineome is Included in the respechve line items of the Statement of Financial Acbvth'es when the EWCA is legalty entitled lo the income and Ihe amount can t quantified wrth reasOTrab certainty. Icl Gifts in kind and donated $8rvres Gifts in kind and donated Serv are valued and included. Whe material, in the financial slaternent$. The contributK)n of volunteers has been excluded from the Statement of Financial Actrvrties as the value of their contribution to the EA cannot be reasonabty quanttfied In ffinanCI terms. Due to the immaterial nature of donated Servi and Ihe diffrulty in quantrfying the financial impact in currenl p8noO, there were no amounts included. Idl Expendrture Expenditure is accounted for on an acuuals basis. conStrtive oblKjatns (including grants payable} are a¢Unted for as lbIlItIeS where it is probable that the will be a transfer of e¢onomic benefits and Ihe amount of the obligatK¢n can be reliabty estimaled and ¢ommunicated to the reapnt. le) ¢>)vemance costs Governance costs are those costs incurred in the complianWith consbtutwal and stattjlory requirennts including felated professional fees and are acounted for on an 0rU81$ basts. These costs are included under the heading CharitabFe A£tNrties on the Statemenl of Financol Acbvrt*s.
THE EPSOM WELLS COMMUNITY ASSOCIATION la charitable Incorporated orgafii6allonl Charfty R6glstrakn No." 1196955 Notm fonning part of the financlal statements for th• pwylod •ndod 31 Deumber 2022 (contsnuod) 3 A¢¢ountlng Polid•s (continu8d) {fj Forewn (xjrrew tranatIOn Monetary assets and Ik3tMlrties denominated in foreign currenck% are tran$lated into steding al the res of exchange ruling at the StateTrt of Finanoal Positfi date. TransactK)fts in I01gn ¢urren¢ies are re¢orded al the rate ruling al the date of transaclton. Ml drfferen are taken to the Statement of Financial Activities. {9} Fund6 Unrestricted Funds comprise those fuThls whrh the Truslees a free to Use in Wrdance wlth the chantsble objectives of the EVKA. Restrided Funds comprise those funds th onty be used for parth%lar restrthd purp08es within the objectives of the EVICA Reslricbj Funds arise when the fvnds a Splfied as w¢h by the donor{sl LY when fvnd8 are raised for partlIa1 restrthd purposes. Expendable Endowment Funds include all fvnds rec•ved whh the Trustees are authorised to spend when and rf Ihey tjeade lo spend these fvnds. The funds may t used to further the speafic charitable purposes the ElhfA was established to supwrt. These costs can indude both direct and support rjysts assoclated with actIVrt undertaken ty the restricted funds within the EVKA. {h) Cash at l>ank and in harKJ Cash at bank and cash in Ind indudes cash and $Irt tern hhty liquMI investments with a short maturity ol three Th)nth8 or less from the dat8 of WUi&tion or opening ol the depo&l or simiLqr )unt. (i) D6btors Trade and other debtorn are reeognised at the settrnent amount due after any trade discount offered. Prepaymènts are valued at the amount prepaid net ofany traje diwunts due. (il Creditor5 and provisions Crodrtors and provisw$ are recognised where the EVKA has a present obligatKJn resulling from a past event that will probabty result in ts transfer of fvnds io a trtird party and tre amount due to settle the obligation can be measured or estsmated reliabty. CdItorS and Provisions are nornplty recognised at their sethement amount after allowng for any trade discounts due. Ikl Financial instruffents The EA onty has finalat assets and financial liabilit of a "nd that qualify as basic financial instrunts. Bas financk41 instruffents are initialty recognised at transaction value and subsequently measured at their settleffnt value wrth the excepts'on of bank loans which are subsequently m8asured at amortwd cost using the effective interest n*thcMJ. 10
THE EPSOM WELLS COMMUNITY ASSOCIATION la charltable Inc(brporatsd Ofganlv5atlon) Charlty R*glstrth No." 1196955 Noles fornilng part of th• flnanclal •lat¢m for the povlod end 31 Do¢ombor 2022 (¢ontlnued) 3 Aeeounting Policios (continued) 11) Cnkncal xcounting estThates and judgements in apptyiThJ xcounting polrie6 Estimates and Judgernnts are continualty evaluated and are based on historical expeftence and other lactors, including expectstions of future events that are believed to be reasonable under the circumslances. The preparation of financial ststements in confomrty with FRS 102 requires the use of certain critical ounting eslimales. It also requires management lo exercise rts judgement in the process of applying the company's ac£ountr"ng WIleS. There are no areas invofving a high degree of judge)rnnl or complexity. or ar&38 where assumptions and estsmaies arn swJnrf•nt. 4 Voluntary Inco 2022 lrK11vua18 11,704 Other Chantab activities 500 12.204 S Charttable actlvlll•8 2022 Charitable activiti8s durirKJ the year relate lo tho fofthving tharitable projects: UK based grants Support ¢08ts: Bank thorges Legal costs 1,388 1.388 11
THE EPSOM WELLS COMMUNITY ASSOCIATION (a charitable incorpordted organisath)n) Charlty Reglstratlon No." 1190955 Not•• forming part of th• fin•nci•l $tatom8nts for tho wlod •nd•d 31 Do¢ornbgr 2022 (continu•d) 6 Taxotlon The FrA is exempt from lax on incOff and gains falling within sectK)n 505 of the Taxes Act 1988 or section 252 of the Taxatson ofchargeable Gains 1992 to the extyit that these are appl*d to its chaiitable objects. No tay charge arosé wi the year. The EIKA ha1 no employees during the year. Tho key management personnel of the EVLA cornpr ofthe Trustees. The EWCA'S Trustees were not paid or receNed any other benefits from emplOYnt with the EA in the year. nerther were they reimbursed exp8nses during the year. No Trustee of the EWCA received payment for professional or other service8 sUppld to charity 8 R•l•t•d Party Dl•¢lo•ur•• There are r related party disch)sures for the period ended 31 December 2022. 9 Capltsl Commltm•nts There were no capital comnwtm8nts as al 31 December 2022. 10 Sub•¢quent Evonts There have been no snIficant events which require further disdosure since thè Statemént of Financial PosTrtion dale and the dale these financial statements were authorised for issue. 11 Controlllng Party The &trollIng party are the Trnstees actiNJ in thè Gen8ral Meets'ng. 12
| THE EPSOM WELLS COMMUNITY ASSOCIATION |
THE EPSOM WELLS COMMUNITY ASSOCIATION |
THE EPSOM WELLS COMMUNITY ASSOCIATION |
THE EPSOM WELLS COMMUNITY ASSOCIATION |
CC16a | |
|---|---|---|---|---|---|
| For the period from |
1/1/2022 | To | |||
| Section A Receipts and payments | |||||
| A1 Receipts | Unrestricted funds to the nearest £ 11,704 - - - - - - - 11,704 - - - 11,704 - - - - - - - 1,388 - - - - 1,388 - - - 1,388 10,316 - - 10,316 |
Restricted funds to the nearest £ 500 - - - - - - - 500 - - - 500 - - - - - - - - - - - - - - - 500 - - 500 |
Endowment funds to the nearest £ |
Total funds to the nearest £ 12,204 - - - - - - - 12,204 - - - 12,204 - - - - - - 1,388 - - - 1,388 - - - 1,388 10,816 |
Last year to the nearest £ |
| Donations | 11,704 | - - - - - - - - - |
- | ||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| Sub total(Gross income for AR) |
11,704 | - | |||
| A2 Asset and investment sales, (see table). |
|||||
| - | - - - |
||||
| - | - | ||||
| Sub total | - | - | |||
| Total receipts A3 Payments |
|||||
| - | - | ||||
| Event expenses | - | - - - - - - - - - - - |
- | ||
| Session expenses | - | - | |||
| Rent | - | - | |||
| Telephone | - | - | |||
| Post and stationery | - | - | |||
| Travel and subsistence | - | - | |||
| Repairs | - | ||||
| Legal fees | 1,388 | - | |||
| Branded Clothing | - | - | |||
| Training | - | ||||
| Insurance | - | - | |||
| Computerper | - | - | |||
| **Sub total ** | 1,388 | - | |||
| A4 Asset and investment purchases, (see table) |
|||||
| - | - - - |
||||
| - | |||||
| **Sub total ** | - | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||
| - | - | ||||
| 10,316 | - | - | |||
| - | - - |
- - |
- | ||
| - | - | ||||
| 10,316 | - | 10,816 | - |
CCXX R1 accounts (SS)
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 10,316 500 - - - - 10,316 500 OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Vanessa Marchant |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Vanessa Marchant | 12-Jul-23 | ||
CCXX R2 accounts (SS)
2