UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 31" DECEMBER 2022 FOR Queen's Park Community Organisation Queen's Park Community Organisation Empower people to make a difference
QLIEEN'S PARK COMMUNITY ORfjANISATION CONTEiwfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3151 DECEMBER 2022. Page Report of the Committee members Independent Examiner's Report Statement of Financial Activitie5 Statement of Financial Positbon Notes to the Financial Statements 21Poge
QUEETr¥S PARK COMMUNITY ORGANISATION REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31rt DECEMBER 2022. Queen'5 Park Community Organisation IQPCOI is a re8lStered charity111992261 since lune 2022. It ha5 four objectives.. Recreation • Welfare Capacity building Relief of poverty We work to address social exclusion (for example due to isolation, poor physS¢al and mental health, prejudice. and raci5ml, relieve powerty, develop the capacity and ski115 of socially and economically disadvantaged people and provide recreatitsn and leisure activities to help peop5e integrate, P3rticipate. and improve their life conditions. We build bridges between Bedford's diverse communities. Mosques, churches, gurdwaras, community centres. schools, otheT giass-roots organisation5, and volunteers are artively engaged to come together and shale resource5 50 that we can collectively better identify and address unmet needs in the community. We deliver a wide range of projects in the heart of communities.. Intervention officers Domestic Abuse Interpreting servi Youth program Cultural event5 in schools Capacity building Fitness class Relief of Povertv Green project Reaching communitles. Independent examiner Mr BM Makamba, Msc IFinAccl. BACC (Honsl, CIMA dip 27 Church farm Avenue Wilstead Bedford Bedfordshire MK45 3FA rincipal officers Trustees.. Eric Masih Chalr of Trustees Aysha Magre safeguarding lead Jennifer Foley Polices lead Puqe 13
INDEPENDENT EKAMINER'S REPORTTO THE TRUStEES OF QUEEN'S PARK COMMUNITY ORGANISATION Report to the Trustees of Queen's Park Community Organisation on accounts for the year ended 31" December 2022, Charity number 1199226 set OLJt on pages 5 to 11. I report to the trustees on my examination of the accounts of the above charity 1.the Trust") for the year ended 31 December 2022. As the charity trustees. you are responsible for the preparation of the accounts in accordance with the Charitie5 Act 20111.the Act"). I report in respect of my examinatlon of the Trust'5 accounts carried out under section 145 of the 2011 Att and in carrying out my examinotion, I have followed all the 8pplicabSe Directions given by the Charity Commission under section 14515llbl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect, the a¢countlng records were not kept in accordance with section 130 of the Act.. or the accounts did not accord with the accounting record5- or the atcounts did not comply with the applicable requirements conteminE the form and content of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the account5 give 3 'true and fairf view which is not a matter considered as part of an independent examination. 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.. Mr BM Makamba. Msc IFinAccl. BACC (Honsl, CIMA dip 27 Church fdrm Avenue Wilstead Bedford Bedfordshire MK45 3FA Date.. 2110212023 Poqe 14
QUEEN'S PARK COMMUNITY ORCHARD GROUP STATEMENT OF FINANCIAL AcfNinES (INCLUDING INCOME & EXPENDITURE ACCOUNTI FOR THE YEAR ENDEO 311t DECEMBER 2022. Unre5trlrted Re5trbcted Endowment funds funds funds 2022 2022 2022 Total Prlor year funds funds 2021 2022 Incomlng Resources Income frorn generated fvnds: Voluntary incotlle.. Donations, grants and legacies Income resourees.. tharitable attivities Other trading actfvltles Investment income Ic 10,215 90760 100.975 75,690 Total Incomlng Resource5 Resources expended Raising funds Costs tsf generating voluntary income Chèritable activities 100 975 Id 3.674 80.$64 84,238 74,327 Governance costs Id 400 400 Totulexpendedresources 4 074 64 Net incomel{expenditurel before Investment gainslllossesl 6,141 10,196 16,337 1,363 Net gains/llos5e51 on iVeStMents Net IncDmellexpenditurel Extraordinary items Other re¢ognSsed galns/llossesl: Gains and losses on revaluation of fixed assets for the charity's own use Other gainslllossesl 6,141 10,196 16,337 1,363 6.141 10.196 16.317 I,a63 Reconciliotion oAfvnds'. Total funds brought forward Totalfvnts currledfonvord The statement of financial activities Includes all gains and losses in the year. All incoMng resources and resource5 expended derive fmm continuin8 activities. Puge 15
QUEEN'S PARK COMMUNITY ORCHARD GROUP ATEMENT OF FINANCIAL POSITION AS AT 31" DECEMBER 2022. 2022 2021 Total Funds Total Funds Non<URRENT ASSETS Tangible assets CURRENT ASSErs Cash at Bank le.6 1,519 2,276 35,512 514 19,175 HUTHO Bedford lions Aance payments 50 Ic Totsl current assets 37,511 19,175 CURRENT LIABILITIES Creditors Id -144 Net Current assets NET ASSETS FUNDS OFTHE CHARITY Endowment Funds Unre5trKted frjnds Ib,8 Designated funds Revaluation funds Reserve funds Gèneral funds 3518 8608 12,126 2,902 Restricted funds Ib.8 TOTALFUND5 The financial statements summarise thé transacrlons of the entity and disclose the net assets at the di5pos31 of the Trustee5. These accounts are prepared in accordance with the special provisions of Part Vll of the Companie5 Act 1985 relating to small entities. These financial ststements were approved by Trustees on by.. £5 1 L IZ3 and signed on its behalf E Marsh- Chair of Trustees Pt7ge 16
QUEEIIS PARK COMMUNITY ORfjANISATION NOTESTO THE FINANCiAL STATEMETrifs FOR THE YEAR ENDED 31YI DECEMBER 20Z2. ACCOUNTING POLICIES The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the predIng year. lal Basis of accountinv The financial staternents have been prepared under the historical cost coNvention. Ib) Fund accoLtntin8 Unrestricted funds are available for use at the discretlon of the trustees in furtherance of the general objectives of the charity. Designated fLtnds are unrestricted funds earTnarked by the Trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Icl Incoming resources All incoming resources are included in the statement of financial attlvlties when the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy. The following policies are applied to 5pecif1c categories ol income.. Voluntary income is received by way of 8rants, donations and gifts and is Included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities 3re included at the value to the charity where this can be quantified. The value of services provided byvolunieers ha5 not been included in these accounts. Items donated for resale are included as incoming resources within activities for generating funds when they are sold. Investment income 15 included when ceivable. Incciming resources from charitable tradiTr8 activity are accounted for when earned. Incoming resources frorn gr3nts, where related to performance and specific deliverables, are 3CCOUllted for as the charity earns the right to consideration by its perfoTmance. Idl Resources expended Empenditure is retognised on an aterual ba515 2s a liability is incurred. Expemditure includes any VAT which cannot be fully recovered, and is reported as part of the expendr(ure to which it ielates.. Costs of generating funds comprise the costs associated with attracting voluntary Income and the costs of trading for fundraising purposes including the charity's shop. Charitsble expenditure comprises those tosts incurred by the charity in the delivery of it5 activities and services for it5 beneficiaries. It includes both c05t5 that can be allocated directly to such activities and those c05t5 of an indirect nature necessary io SUPPOrt them. Governance costs include those cost5 3ssoc13ted with meeting the constitutional and statutory requirements of the charity and include the independent examiner fees and cost5 linked to the strategic management of the charity. I costs arè allocated between the expenditure c3tegories of the SOFA on a basis desiened to fleet the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. lel Fixed assets
lel Fixed assets Fixed assets (excluding investments) are stated at cost le55 accumulated depreciation. The costs of minor additions or those costin8 below £100 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life. which in all ca5e5 15 estimated at 4 years125% straight- line method). Impairment reviews are carried out as and when Èvidence comes to light that that the recoverable amount of a functional fixed asset is below its net book value due to darnage, obsolescence, or other relevant factor5. Investments held as fixed assets are revalued at mid-rnarket value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities. INCOMING RESOURCES FROM GENERATED FUNDS 2022 2022 2022 2021 Unrestricted Restricted Funds Funds Totsl Funds Total Funds INCOMING RESOURCES Voluntary inrne BLC: Capoeira. Surviving winter, I will 20, Phase 4 Food GMB.. Interpreting 02 FOL2022 BBC: Heèkhwatch BBC.. Capacity Building 88C.. Capatity Building BLCF.. Parade Harpur Trust.. Parade Bedforshire Police OPCC (DVI Gale Family Trust (Capacity Building) Soil Association.. Project green Bedford Lion.. Fttness Team Beds & Luton= Fithess BCC (Youth Program) Unison.. unrestricted fund 6PHA'. unrestritte¢J funds" NASUWt= unrestritted overhead5 BLCF unrestricted Tudor Trust- unrestricted Big Local-. 10 post Harpur Trust= Staff Costs Harpur Trust (Staff costs June-Nov 20221 Total grant5 Other Income Deposlts- refund Cash donation: Fitnèss Inwme: Others Total Income 20821 51M) 350 350 1150 1150 7499 7499 2500 2500 7770 7770 2000 2000 ioooo iO(M)O 2500 25(K) 50 150 150 416 416 46CKJ io(JJ io(KJ 2700 500 5000 000 5000 loo loo 250 250 4740 4740 9569 40260 12000 15(M)O 151)00 15(M)o 9059S 100685 75690 40260 ICKJ90 125 125 130 130 35 90760 100975 75690 35 10215 P49e 18
QUEEN'S PARK COMMUNITY ORGANISATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YÉAR ENDED 315r DECEMBER 2022- CONTINUED 3. COMMIThEE MEMBERS, REMUNERATION AND BENEFITS There were no CoMmee members, remuneration or benefits for the year ended 31st December 202212021.. Nil, 2020.. £Nill and no related party transactions to report12021.. Nil, 2020.. £Nill. 4. MOVEME1 IN FUNDS-RESTRICTED FUNDS Thi5 balance is comprised of the unspent balarnces of on-going project5. The figures are restricted for use only on their designated projects. 5. MOVEMENT IN FUNDS At 01- oi- 2022 Cash Inflow Cash Outflow Net Movement In Funds At 31- 12- 2022 Funds: Restrlcted and Unrestrlrted Bank 100 TOTAL FUNDS 1110 975 84 638 6. NONiURRENT Ass SCHEDULE Non-turrent assets Cost Depreciation Accumulated Depreciatlon Book Value At 3111212D22 3111212022 L3Ptops Galaxy Tablets Monitors Yr2 1197 1234 299 308 598 599 Yr2 616 618 Yr2 237 59 118 119 168 PHONES wireless combo YT2 336 30 84 168 Yr2 16 14 3035 758 1516 1519 *Depreciation ot25%per yeor, stroight-line method Page 19
QUEEN'S PARK COMMUNITY ORGANISATION NOTESTO THE FIP4ANCIAL STATEMENTS FOR THE YEAR ENDED 315T DECEMBER 2022- CONTINLIED 7. EMPLOYEE COSTS Soclal secur(ty costs Salarles and wages Total Employee Cost PAYE £45 6867 £14828 £3057 £37801 £45687 No employee receive¢J emoluments of more than £60,000. The average number of employees during the year, calculated on the basis of full-time equivalents, was ag follows: 2022- 3 employees, 2021- two employees. The charity does not operate any pension scheme for its employees but does administer contributions to a stakeholder pension scheme for 312021- 21 staff. The charity makes no contributions to this scheme. 8. COST OF GENERATING VOWNTARY INCOME 2022 2022 2022 2021 RESOURCES EXPENDED Unrestricted Restrlcted Funds Funds Totsl Funds Total Funds Costs of generating voluntary income Restricted Funds Domestic violence 2022 Fitness Sutviving Winter 8888 3019 8888 3019 8615 6665 4711 8700 450 I Will 20 Project Interpreting Green Project Parade Capacity 8uilding Winter Appeal FOL2022 Youth Program Warm Space Capoeria OPCC Extra Food Parcel Delivery Phase 4 Staff costs Total Restrlcted Funds Expended 1930 136 9770 5045 1620 400 825 109 1999 1136 1930 136 9770 5045 1620 400 825 109 1999 1136 9932 45687 45687 26943 80564 80564 15
Unrestrlcted Funds- Overheads Insurdnce- ZurSch office computers Office equipment Office furniture Donations Telephone expenses Payroll admin expenses Advèrtising Transport expenses Staff training Administration expenses Stationery Software subscriptions 232 1286 336 30 770 350 770 350 608 515 30 117 540 2876 1154 189 7912 400 8312 19 1795 252 488 1795 252 3674 400 4074 3674 Professional fees- governance Total Unrestrlcted expendltu¥e 4074 Total resources expended Puge 111 4074 327 .endl..