REGISTERED CHARITY NUMBER: 231527
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
Harrow and District RAFA Branch
C P O'Donnell & Co Homeland Hempstead Road Bovingdon Hemel Hempstead Hertfordshire HP3 0HF
Harrow and District RAFA Branch
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 7 |
| Detailed Statement of Financial Activities | 8 |
Harrow and District RAFA Branch
Report of the Trustees
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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
231527
Principal address
Windsock Club Eastcote Avenue Harrow HA2 8AL
Trustees
Alison Gibson Squadron Leader Dean Gibson
Independent Examiner
C P O'Donnell & Co Homeland Hempstead Road Bovingdon Hemel Hempstead Hertfordshire HP3 0HF
Approved by order of the board of trustees on 30 June 2022 and signed on its behalf by:
Squadron Leader Dean Gibson - Trustee
Page 1
Independent Examiner's Report to the Trustees of Harrow and District RAFA Branch
Independent examiner's report to the trustees of Harrow and District RAFA Branch
I report to the charity trustees on my examination of the accounts of Harrow and District RAFA Branch (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.
C P O'Donnell FCA C P O'Donnell & Co Homeland Hempstead Road Bovingdon Hemel Hempstead Hertfordshire HP3 0HF
30 June 2022
Page 2
Harrow and District RAFA Branch
Statement of Financial Activities for the Year Ended 31 December 2021
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 15,762 | |
| Investment income | 2 | 22,618 |
| Total | 38,380 | |
| EXPENDITURE ON | ||
| Raising funds | 3 | 5,312 |
| Other | 7,390 | |
| Total | 12,702 | |
| NET INCOME | 25,678 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 16,609 | |
| TOTAL FUNDS CARRIED FORWARD | 42,287 |
The notes form part of these financial statements
Page 3
Harrow and District RAFA Branch
Balance Sheet
31 December 2021
| Unrestricted | ||
|---|---|---|
| fund | ||
| Notes | £ | |
| FIXED ASSETS | ||
| Tangible assets | 5 | 5,291 |
| CURRENT ASSETS | ||
| Debtors | 6 | 2,925 |
| Cash at bank | 34,071 | |
| 36,996 | ||
| NET CURRENT ASSETS | 36,996 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 42,287 | |
| NET ASSETS | 42,287 | |
| FUNDS | 7 | |
| Unrestricted funds: | ||
| General fund | 42,287 | |
| TOTAL FUNDS | 42,287 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2022 and were signed on its behalf by:
Squadron Leader Dean Gibson - Trustee
Alison Gibson - Trustee
The notes form part of these financial statements
Page 4
Harrow and District RAFA Branch
Notes to the Financial Statements for the Year Ended 31 December 2021
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 5
continued...
Harrow and District RAFA Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 2. INVESTMENT INCOME Rents received Deposit account interest 3. RAISING FUNDS Raising donations and legacies Rates and water Insurance Light and heat Telephone Sundries Support costs 4. TRUSTEES' REMUNERATION AND BENEFITS |
£ 22,590 28 22,618 £ 1,189 2,543 5,424 439 131 (4,414) 5,312 |
|---|---|
There were no trustees' remuneration or other benefits for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021.
5. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Freehold | |
| property | |
| £ | |
| COST | |
| At 1 January 2021 and | |
| 31 December 2021 | 8,191 |
| DEPRECIATION | |
| At 1 January 2021 and | |
| 31 December 2021 | 2,900 |
| NET BOOK VALUE | |
| At 31 December 2021 | 5,291 |
Page 6
continued...
Harrow and District RAFA Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| £ | |||
|---|---|---|---|
| Other debtors | 3,850 | ||
| Accruals | (925) | ||
| 2,925 | |||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,609 | 25,678 | 42,287 |
| TOTAL FUNDS | 16,609 | 25,678 | 42,287 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 38,380 | (12,702) | 25,678 |
| TOTAL FUNDS | 38,380 | (12,702) | 25,678 |
7. MOVEMENT IN FUNDS
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 7
Harrow and District RAFA Branch
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Grants Investment income Rents received Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Rates and water Insurance Light and heat Telephone Sundries Support costs Governance costs Building Maintenance Accountancy and legal fees Total resources expended Net income |
£ 1 12,136 3,625 |
|---|---|
| 15,762 22,590 28 |
|
| 22,618 | |
| 38,380 1,189 2,543 5,424 439 131 |
|
| 9,726 2,051 925 |
|
| 2,976 | |
| 12,702 | |
| 25,678 |
This page does not form part of the statutory financial statements
Page 8