REGISTERED CHARITY NUMBER: 204292
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
Great Missenden Memorial Centre
Danton Partners 7 Merlin Courtyard Gatehouse Close Aylesbury Buckinghamshire HP19 8DP
Great Missenden Memorial Centre
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
Great Missenden Memorial Centre
Reference and Administrative Details for the Year Ended 31 December 2021
| TRUSTEES | A Hewett Chairman |
|---|---|
| L Cook Secretary | |
| M Johnstone Treasurer | |
| S Rhodes Treasurer | |
| I Lovegrove | |
| K Pither | |
| S Humphreys | |
| C Baxter | |
| PRINCIPAL ADDRESS | Memorial Hall |
| Link Road | |
| Great Missenden | |
| HP16 9AE | |
| REGISTERED CHARITY | 204292 |
| NUMBER | |
| INDEPENDENT EXAMINER | Danton Partners |
| 7 Merlin Courtyard | |
| Gatehouse Close | |
| Aylesbury | |
| Buckinghamshire | |
| HP19 8DP |
Page 1
Great Missenden Memorial Centre
Trustees' Report
for the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aim of the charity is to promote the benefits and improve the condition of life for the inhabitants of Great Missenden and to provide facilities in the interest of social welfare for recreation and leisure time activities.
Significant activities
The charity raises the majority of its income through hire of its premises run by a team of trustees. The charity is managed on voluntary basis by the management committee apart from the remuneration detailed in the accounts.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
FINANCIAL REVIEW
Financial position
The statement of financial activities shows net income of £15,388 (2020: net expenses of £6,552) for the year. Total funds as at 31 December 2021 stand at £30,106 (2020: £14,718). The trustees consider the state of the charity's affairs to be satisfactory.
Principal funding sources
The charity's main income arises from the provision of facilities in the interest of social welfare for recreation and leisure activities.
Reserves policy
The charity ensures that reserves are kept at a sufficient level in order to carry out its charitable objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust dated 14 December 1923 and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Apart from the first charity trustees, every trustee is appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Principal risks and uncertainties
The trustees regularly consider key risks the charity is exposed to and ensure to take corrective action to implement measures to manage and mitigate identified risks to an acceptable level.
Approved by order of the board of trustees on 14 April 2022 and signed on its behalf by:
A Hewett - Trustee
Page 2
Independent Examiner's Report to the Trustees of Great Missenden Memorial Centre
Independent examiner's report to the trustees of Great Missenden Memorial Centre
I report to the charity trustees on my examination of the accounts of Great Missenden Memorial Centre (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of 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 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.
Sajjad Rajan FCCA Danton Partners 7 Merlin Courtyard Gatehouse Close Aylesbury Buckinghamshire HP19 8DP
21 June 2022
Page 3
Great Missenden Memorial Centre
Statement of Financial Activities for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| INCOME AND ENDOWMENTS FROM | |||
| Charitable activities | 4 | ||
| Social welfare | 17,765 | 11,334 | |
| Other trading activities | 2 | 16,055 | 7,507 |
| Investment income | 3 | 5 | 5 |
| Total | 33,825 | 18,846 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Social welfare | 17,021 | 24,498 | |
| Other | 1,416 | 900 | |
| Total | 18,437 | 25,398 | |
| NET INCOME/(EXPENDITURE) | 15,388 | (6,552) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 14,718 | 21,270 | |
| TOTAL FUNDS CARRIED FORWARD | 30,106 | 14,718 |
The notes form part of these financial statements
Page 4
Great Missenden Memorial Centre
Balance Sheet
31 December 2021
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 8 | 4,523 | 5,137 |
| CURRENT ASSETS | |||
| Debtors | 9 | 405 | - |
| Cash at bank | 29,709 | 11,855 | |
| 30,114 | 11,855 | ||
| CREDITORS | |||
| Amounts falling due within one year | 10 | (4,531) | (2,274) |
| NET CURRENT ASSETS | 25,583 | 9,581 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 30,106 | 14,718 | |
| NET ASSETS | 30,106 | 14,718 | |
| FUNDS | 11 | ||
| Unrestricted funds | 30,106 | 14,718 | |
| TOTAL FUNDS | 30,106 | 14,718 |
The financial statements were approved by the Board of Trustees and authorised for issue on 14 April 2022 and were signed on its behalf by:
A Hewett - Trustee
The notes form part of these financial statements
Page 5
Great Missenden Memorial Centre
for the Year Ended 31 December 2021
Notes to the Financial Statements
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Allocation and apportionment of costs
Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs.
Governance costs and support costs relating to charitable activities have been apportioned on a basis consistent with the use of resources. The allocation of support and governance costs is analysed in note 4.
Volunteers
The value of the services provided by volunteers is not incorporated into these financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipments - 20% on cost
Taxation current assets and liabilities
The charity is exempt from tax on its charitable activities.
Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand, demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 6
continued...
Great Missenden Memorial Centre
for the Year Ended 31 December 2021
Notes to the Financial Statements - continued
1. ACCOUNTING POLICIES - continued
Taxation current assets and liabilities
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discount due.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Pension costs and other post -retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.12.21 | 31.12.20 | ||
| Rental income | 16,055 | 7,507 | |
| 3. | INVESTMENT INCOME | ||
| 31.12.21 | 31.12.20 | ||
| Deposit account interest | 5 | 5 |
continued...
Page 7
Great Missenden Memorial Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
4. INCOME FROM CHARITABLE ACTIVITIES
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| Activity | £ | £ | |
| Grants | Social welfare | 17,765 | 11,334 |
| Grants received, included in the above, are as follows: | |||
| 31.12.21 | 31.12.20 | ||
| £ | £ | ||
| Local council grants | 17,765 | 11,334 | |
| SUPPORT COSTS | |||
| Governance | |||
| costs | |||
| £ | |||
| Other resources expended | 1,416 | ||
| Support costs, included in the | above, are as follows: | ||
| Governance costs | |||
| 31.12.21 | 31.12.20 | ||
| Other | |||
| resources | Total | ||
| expended | activities | ||
| £ | £ | ||
| Accountancy and legal fees | 1,128 | 900 | |
| Independent examination | 288 | - | |
| 1,416 | 900 |
5. SUPPORT COSTS
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Charitable activities | |
| Social welfare | 11,334 |
| Other trading activities | 7,507 |
| Investment income | 5 |
| Total | 18,846 |
EXPENDITURE ON
Page 8 continued...
Great Missenden Memorial Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVI | TIES - continued | |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| Charitable activities | |||
| Social welfare | 24,498 | ||
| Other | 900 | ||
| Total | 25,398 | ||
| NET INCOME/(EXPENDITURE) | (6,552) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 21,270 | ||
| TOTAL FUNDS CARRIED FORWARD | 14,718 | ||
| 8. | TANGIBLE FIXED ASSETS | ||
| Office | |||
| equipments | |||
| £ | |||
| COST | |||
| At 1 January 2021 and 31 December 2021 | 6,122 | ||
| DEPRECIATION | |||
| At 1 January 2021 | 985 | ||
| Charge for year | 614 | ||
| At 31 December 2021 | 1,599 | ||
| NET BOOK VALUE | |||
| At 31 December 2021 | 4,523 | ||
| At 31 December 2020 | 5,137 | ||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.21 | 31.12.20 | ||
| £ | £ | ||
| Prepayments and accrued income | 405 | - |
continued...
Page 9
Great Missenden Memorial Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE Y | EAR | ||
|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||
| Sales deposits | 2,250 | 1,350 | ||
| Trade creditors | 865 | 669 | ||
| Other creditors | 1,416 | 255 | ||
| 4,531 | 2,274 | |||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| Unrestricted funds | ||||
| General fund | 14,718 | 15,388 | 30,106 | |
| TOTAL FUNDS | 14,718 | 15,388 | 30,106 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| Unrestricted funds | ||||
| General fund | 33,825 | (18,437) | 15,388 | |
| TOTAL FUNDS | 33,825 | (18,437) | 15,388 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.20 | in funds | 31.12.20 | ||
| Unrestricted funds | ||||
| General fund | 21,270 | (6,552) | 14,718 | |
| TOTAL FUNDS | 21,270 | (6,552) | 14,718 |
continued...
Page 10
Great Missenden Memorial Centre
for the Year Ended 31 December 2021
Notes to the Financial Statements - continued
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,846 | (25,398) | (6,552) |
| TOTAL FUNDS | 18,846 | (25,398) | (6,552) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 21,270 | 8,836 | 30,106 |
| TOTAL FUNDS | 21,270 | 8,836 | 30,106 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 52,671 | (43,835) | 8,836 |
| TOTAL FUNDS | 52,671 | (43,835) | 8,836 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 11