| 13th July 2022 to | 31s | tMarch 20 | 23 | |||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | ||||
| funds | funds | funds | ||||
| 13/07/22 to | 13/07/22 to | 13/07/22 to | ||||
| 31/03/23 | 31/03/23 | 31/03/23 | ||||
| Notes | ||||||
| Income: | ||||||
| Donations and legacies |
[2] | 16,581 | 48,555 | 65,137 | ||
| Charitable activities |
[3] | 4,750 | 11,268 | 16,018 | ||
| Other trading activities |
[41 | 975 | 975 | |||
| Tote I Income | 21,331 | 60,798 | 82,130 | |||
| Expenditure: | ||||||
| Expenditure on raising |
funds | (5[ | 600 | 600 | ||
| Charitable activities |
[6] | 15,027 | 14,369 | 29,396 | ||
| Total Expenditure | 15,027 | 14,969 | 29,996 | |||
| Net Income / (Expenditure) |
6,304 | 45,829 | 52,134 | |||
| Transfers between |
funds | |||||
| Net Movement in Funds |
6,304 | 45,829 | 52,134 | |||
| Total funds brought | forward | |||||
| Total funds carried | forward | 6,304 | 45,829 | 52,134 |
| As at 3 | 1st March 2023 | ||
|---|---|---|---|
| 2023 | |||
| Notes | 8 | ||
| Fixed Assets | [7] | ||
| Current | Assets | ||
| Cash at | bank and on hand | 52,172 | |
| Debtors | and prepayments | [8] | 358 |
| 52,530 | |||
| Current | Liabilities | ||
| Creditors | and accruals | [9] | 396 |
| Total Current Liabilities | 396 | ||
| Net Current Assets | 52,134 | ||
| Net Assets | 52,134 |
| The funds ofthe charity: | The funds ofthe charity: | ||
|---|---|---|---|
| Unrestricted | funds: | ||
| General funds | [8] | 38,329 | |
| Designated | funds | [8] | 7,500 |
| Restricted | funds | [8] | 6,304 |
| 52,134 |
| [1] Principal Accounting Policies |
[1] Principal Accounting Policies |
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|---|---|---|---|---|---|
| The pnnmpal accounting poliaes adopted in the preparation of the financial statements are set out below. |
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| The finanmal statements have been prepared in accordance with the Accounting and Reporting by Chanties: |
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| Statement of Recommended Practice applicable to chanties preparing their accounts in accordance with the |
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| Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective 1 January |
2015), | ||||
| as amended by Update Bulletin 1 issued on 2nd February 2016, and the Charities Act 2011. |
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| Fnends of Eastville Park meets the definition of a public benefit entity under FRS 102 Assets and liabilities |
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| are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting |
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| policy note(s). | |||||
| (b) | Pre aration ofthe accounts on a oin concern basis |
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| The chanty's balance sheet at 31st March 2023 is in surplus, and funding has been secured for upcoming |
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| achvities of the charity. No activities are planned without income to support them. Therefore the trustees are |
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| satisfied that the charity remains a going concern on an ongoing basis. |
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| (c) | Income | ||||
| Income is recognised when the charity has entitlement to the funds, any performance conditions attached |
to | the | |||
| items of income have been met, it is probable that the income will be received and the amount can be measured |
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| reliably | |||||
| Income from grants is recognised when the charity has entitlement to the funds, any performance conditions |
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| attached to the grants have been met, it is probable that the mcome will be received and the amount can |
be | ||||
| measured reliably and is not deferred. |
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| Income received in advance of activities is deferred until the criteria for income recognition have been met. |
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| (d) | Donated services and facilities |
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| Donated professional services and facilities are recognised as income when the charity has control over the |
item, | ||||
| any conditions assomated with the donated item have been met, the receipt of economic benefit from the |
use by | ||||
| the chanty is probable and that economic benefit can be measured reliably. There were no such donations |
dunng | ||||
| the year in question. In accordance with the Chariities SORP (FRS 102),the general volunteer time of trustees |
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| and volunteers is not recognised with any monetary value |
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| (e) | Interest receivable |
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| Interest on funds held on deposit is included when receivable and the amount can be measured reliably by |
the | ||||
| charity, this is normally upon notification ofthe interest paid or payable by the Bank. * |
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| [i] Unrestncted funds are available for use at the discretion ofthe trustees in furtherance of the general |
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| obiectives of the charity. | |||||
| [s] Designated funds are unrestricted funds set aside by the Management Committee for particular purposes |
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| [iii] Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the |
terms | ||||
| of an appeal. | |||||
| (g) | ~Ex enditure | ||||
| Expenditure is recognised once there is a legal or constructive obhgation to make a payment to a third party, |
it is | ||||
| probable that settlement will be required and the amount of the obligation can be measured reliably Expenditure |
is | ||||
| classified under the cost against the activity for which the expenditure was incurred, under the following activity |
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| headings | |||||
| [i]Costs of raising funds compnse the costs associated with attracting voluntary income and the costs of trading |
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| for fundraising purposes There were no such costs during the year in question. |
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| [iil Chantable expenditure compnses those costs incurred by the charity in the dekvery of its activities and |
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| services for its benefimanes It includes both costs that can be allocated directly to such activities, and those |
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| costs of an indirect nature necessary to support them. |
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| [si] Other expenditure represents those items not falkng into any other heading. There were no such costs |
dunng | ||||
| the year in question. |
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| (h) | Allocation of su ort costs |
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| Support costs are those functions that assist the work of the charity but do not directly undertake chantable |
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| activities. These include office costs, finance, personnel, payroll and governance costs which support the |
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| chanty's chantable activities. |
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| (i) | Taxation | ||||
| The charity is exempt from tax on income and gains falling within section 505 ofthe Taxes Act 1988or Section |
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| 252 ofthe Taxation of Chargeable Gains Act 1992to the extent that these are apphed to its chantable objects. |
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| (j) | Fixed Assets | ||||
| Tangible fixed assets are wntten off over the expected useful life of the asset, at 25% per annum on the reducing balance method. Individual items costing less than f500 are not treated as fixed assets. |
| [2] | income from donations | income from donations | income from donations | 2023 | 2023 | 2023 | |||
|---|---|---|---|---|---|---|---|---|---|
| Restncted | Unrestncted | Total | |||||||
| f | |||||||||
| Donation from Friends |
of Eastville | Park | 16,581 | 47,036 | 63,617 | ||||
| unincorporated | association | ||||||||
| Other donations | 1,520 | 1,520 | |||||||
| 16,581 | 48,555 | 65,137 | |||||||
| 2023 | 2023 | 2023 | |||||||
| [3] | Income from charitable | activities | Restncted f |
Unrestncted f |
Totalf | ||||
| Grants | |||||||||
| Quartet Community |
Foundation | 4,500 | 4,500 | ||||||
| Other grants | 250 | 250 | |||||||
| Total grants | 4,750 | 4,750 | |||||||
| Lettings | 6,089 | 6,089 | |||||||
| Fees for activities | 987 | 987 | |||||||
| Sales of refreshments | 4,192 | 4,192 | |||||||
| Total income from | charitable | activities | 4,750 | 11,268 | 16,018 |
| Income from | trading | activities | activities | 975 | 975 | |||
|---|---|---|---|---|---|---|---|---|
| 975 | 975 | |||||||
| [5] | Ex enditure | on raisin | funds | |||||
| Costs of non-chantable | trading | activities | 600 |
| 13t | h July 2022 to 31st | h July 2022 to 31st | March 202 | 3 | |
|---|---|---|---|---|---|
| [6] | Anal sis ofex enditure |
on chantable | activities | ||
| 2023 | |||||
| Direct costs | 6 | ||||
| Activity costs | 1,588 | ||||
| Repairs and maintenance | 7,910 | ||||
| Park improvements* | 14,000 | ||||
| Premises costs | 1,430 | ||||
| Donation to bowling |
club | 1,108 | |||
| Donation to Bristol Refugee Festival |
556 | ||||
| Costs of refreshments | 2,371 | ||||
| Total direct costs | 28,964 | ||||
| f | |||||
| Accountancy | 240 | ||||
| Fee for Independent | Examination | 192 | |||
| Total support costs |
432 | ||||
| Total chantable expenditure |
29,396 |
| 13t | h July 2022 to31stMarch 2023 | h July 2022 to31stMarch 2023 | h July 2022 to31stMarch 2023 | |||||
|---|---|---|---|---|---|---|---|---|
| (8] | Movements in Funds 2022-23 |
Balance at | Balance at | |||||
| 13/07/2022 | Income | Expenditure | Transfers | 31/03/2023 | ||||
| Restncted funds: | ||||||||
| Defibnllator | 2,231 | (48) | 2,183 | |||||
| Park bench | 350 | 350 | ||||||
| Warm Spaces | 4,330 | (979) | 3,351 | |||||
| Quartet Nature Subgroup |
grant | 420 | 420 | |||||
| Old swimming pool |
5,000 | (5,000) | ||||||
| Playpark | 9,000 | (9,000) | ||||||
| Total Restricted | Funds: | 21,331 | (15,027) | 6,304 | ||||
| Unrestricted Funds. |
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| Designated Funds. |
||||||||
| Contingency Fund |
7,500 | 7,500 | ||||||
| Total Designated | Funds | 7,500 | 7,500 | |||||
| General Funds |
60,798 | (14,969) | (7,500) | 38,329 | ||||
| Total Unrestricted | Funds. | 60,798 | (14,969) | 45,829 | ||||
| Total Funds. | 82,130 | (29,996) | 52,134 |