**REGISTERED CHARITY NUMBER: 00265222** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2022** ## **for** ## **Jackmans Community Association** George Hay Partnership LLP Chartered Accountants Unit 1B Focus 4 Fourth Avenue Letchworth Hertfordshire SG6 2TU **Jackmans Community Association** ## **Contents of the Financial Statements for the Year Ended 31 March 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Notes to the Financial Statements**|7|to|11| |**Detailed Statement of Financial Activities**|12|to|13| **Jackmans Community Association** ## **Report of the Trustees for the Year Ended 31 March 2022** The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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** Jackmans Community Association exists to provide a venue for the local community and it's surrounding areas to facilitate a happy place for families and children to go. ## **Significant activities** This year has been one of moving forward to try and bring a new set of people into the club and using the facilities. We have invested a large amount of money on improvements and setting up another side of the business with a Cafe. The improvements are as follows New Bar Furniture Garden Furniture and Planting A new storage shed Painting of main hall and bar and general spruce of it. Purchase of cafe equipment including two griddles, two fat fryers , a Rijo coffee machine, 2 bain maries, toaster and other items needed for a health and safety efficient cafe. We have also put on entertainment in the bar area such as discos and karaoke to try and improve custom. The club has held a few community days including a fun day, easter celebrations, halloween disco and party and a children's Christmas party. All of these days received positive feedback from our members and also the wider community that attended. ## **Public benefit** The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities. It currently has 376 members from all over Letchworth and the surrounding areas and provides a social environment particularly for families and the elderly to encourage social interaction and integration. ## **FINANCIAL REVIEW** ## **Reserves policy** The charity's funds are presently held on general investment (or unrestricted basis) and can be spent on day to day costs and set up expenses for all charitable projects within the objects. Page 1 **Jackmans Community Association** ## **Report of the Trustees for the Year Ended 31 March 2022** ## **FUTURE PLANS** Future plans for the centre are: Large community jubilee street party and fun day, involving tables and chair hire outside on the precinct. Entertainment will be inflatable wipeout, fair stalls and such like. This is to be held in conjunction with the official jubilee. A day at the races for Ascot. This will involve a barbecue and entertainment as people watch the races at the centre. We are in the process of obtaining quotes regarding a roof replacement and are in discussions with the council for financial assistance to carry out the works. We will also have the usual Halloween, Christmas and Easter fun days The committee is working hard and is committed to improving the centre and the business for the use of the whole community. Our membership has grown and we have a lot of first time members this period. We plan to continue to maintain and invest in the building both in the upkeep and the appearance. We will continue to try and plan activities that involve the estate and community as a whole. During the current financial climate when people are struggling to meet the costs of day to day life, we will need to pull out all the stops and try to keep the cost low for the members and people to come to enjoy all that we offer. Overall it has been a successful year considering the hardships that have been faced. ## **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** 00265222 ## **Principal address** Ivel Court Letchworth Hertfordshire SG6 2NL ## **Trustees** Mrs M Roberts Treasurer Ms M Garrett D Green Executive Committee S Wilkinson Executive Committee S Orchard Executive Committee (resigned 1.5.21) N Bendon Chairperson (resigned 1.5.21) Ms T Burton Chairperson Miss K Brownfield ## **Independent Examiner** R C Dilley FCA FCCA George Hay Partnership LLP Chartered Accountants Unit 1B Focus 4 Fourth Avenue Letchworth Hertfordshire SG6 2TU Page 2 **Jackmans Community Association** ## **Report of the Trustees for the Year Ended 31 March 2022** Approved by order of the board of trustees on 15 July 2022 and signed on its behalf by: Ms T Burton - Trustee Page 3 ## **Independent Examiner's Report to the Trustees of Jackmans Community Association** ## **Independent examiner's report to the trustees of Jackmans Community Association** I report to the charity trustees on my examination of the accounts of Jackmans Community Association (the Trust) for the year ended 31 March 2022. ## **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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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. R C Dilley FCA FCCA George Hay Partnership LLP Chartered Accountants Unit 1B Focus 4 Fourth Avenue Letchworth Hertfordshire SG6 2TU 15 July 2022 Page 4 **Jackmans Community Association** ## **Statement of Financial Activities for the Year Ended 31 March 2022** |2022
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
26,732
Other trading activities
2
42,504
**Total**
69,236
**EXPENDITURE ON**
Raising funds
3
2,527
**Charitable activities**
Running Costs
58,444
Other
3,548
**Total**
64,519
**NET INCOME/(EXPENDITURE)**
4,717
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
168,647
**TOTAL FUNDS CARRIED FORWARD**
173,364|2021
Total
funds
£
42,360
20,033
62,393
-
68,762
-
68,762
(6,369)
175,016
168,647| |---|---| The notes form part of these financial statements Page 5 **Jackmans Community Association** ## **Balance Sheet 31 March 2022** |2022
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
89,276
**CURRENT ASSETS**
Debtors
7
43,970
Cash at bank and in hand
41,912
85,882
**CREDITORS**
Amounts falling due within one year
8
(1,794)
**NET CURRENT ASSETS**
84,088
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
173,364
**NET ASSETS**
173,364
**FUNDS**
9
Unrestricted funds
173,364
**TOTAL FUNDS**
173,364|2021
Total
funds
£
110,655
25,239
32,784
58,023
(31)
57,992
168,647
168,647
168,647
168,647| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 15 July 2022 and were signed on its behalf by: T Burton - Trustee The notes form part of these financial statements Page 6 **Jackmans Community Association** ## **Notes to the Financial Statements for the Year Ended 31 March 2022** ## **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. Improvements to property - 10% on cost Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance ## **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. ## **Covid-19** The Pandemic outbreak of Covid-19 has continued to have a significant impact on people, charities and industry across the world. The trustees continue to monitor the situation and follow the applicable guidance issued by the UK Government. Due to the nature of the outbreak and the ongoing affect it is having around the world it is still difficult to fully predict the overall impact this situation will have on the charity going forward particularly with the enforced closure of the venue for much of the period. The charity was in receipt of assistance from local authorities totalling £41,616. The trustees have exercised judgement in evaluating the impact of Covid-19 on these financial statements and have reviewed the assets for impairment as deemed necessary. Page 7 continued... **Jackmans Community Association** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **2. OTHER TRADING ACTIVITIES** ## **3.** ||2022|2021| |---|---|---| ||£|£| |Bingo & Raffle|581|11| |Confectionery|122|94| |Private Hire|23,969|4,561| |BBQ & Fun Days|130|52| |Cafe Takings|2,157|-| |Miscellaneous Income|465|235| |Rent Received from Vennskap|15,080|15,080| ||42,504|20,033| |**RAISING FUNDS**||| |**Raising donations and legacies**||| ||2022|2021| ||£|£| |Support costs|62|-| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|42,360| |Other trading activities|20,033| |**Total**|62,393| |**EXPENDITURE ON**|| |**Charitable activities**|| |Running Costs|68,762| |**NET INCOME/(EXPENDITURE)**|(6,369)| |**RECONCILIATION OF FUNDS**|| |**Total funds brought forward**|175,016| |**TOTAL FUNDS CARRIED FORWARD**|168,647| Page 8 continued... **Jackmans Community Association** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **6. TANGIBLE FIXED ASSETS** |Improvements
to
Plant and
property
machinery
£
£
**COST**
At 1 April 2021
155,829
20,245
Additions
-
-
Disposals
-
-
At 31 March 2022
155,829
20,245
**DEPRECIATION**
At 1 April 2021
63,291
10,776
Charge for year
15,583
2,367
Eliminated on disposal
-
-
At 31 March 2022
78,874
13,143
**NET BOOK VALUE**
At 31 March 2022
76,955
7,102
At 31 March 2021
92,538
9,469
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**9.**
**MOVEMENT IN FUNDS**
At 1.4.21
£
**Unrestricted funds**
General fund
168,647
**TOTAL FUNDS**
168,647|| |---|---| ||| ||| ||| ||| ||| Page 9 continued... **Jackmans Community Association** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **9. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|69,236|(64,519)|4,717| |**TOTAL FUNDS**|69,236|(64,519)|4,717| ## **Comparatives for movement in funds** |At 1.4.20
£
**Unrestricted funds**
General fund
175,016
**TOTAL FUNDS**
175,016
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
62,393
**TOTAL FUNDS**
62,393|Net
movement
At
in funds
31.3.21
£
£
(6,369)
168,647
(6,369)
168,647
Resources
Movement
expended
in funds
£
£
(68,762)
(6,369)
(68,762)
(6,369)| |---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.20
£
175,016
175,016|Net
movement
in funds
£
(1,652)
(1,652)|At
31.3.22
£
173,364| |---|---|---|---| ||||173,364| Page 10 continued... **Jackmans Community Association** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **9. MOVEMENT IN FUNDS - continued** 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|131,629|(133,281)|(1,652)| |**TOTAL FUNDS**|131,629|(133,281)|(1,652)| ## **10. RELATED PARTY DISCLOSURES** The charity has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions. Page 11 **Jackmans Community Association** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
Memberships
Pool Income
Football Cards
Door money
Christmas and New Year
**Other trading activities**
Bingo & Raffle
Confectionery
Private Hire
BBQ & Fun Days
Cafe Takings
Miscellaneous Income
Rent Received from Vennskap
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Cafe Purchases
**Charitable activities**
Wages
Rates and water
Insurance
Light and heat
Event Expenses
Sundries
Repairs & Renewals
Property Expenses
Improvements to property
Plant and machinery
Fixtures and fittings
**Other**
Loss on sale of tangible fixed assets
**Support costs**
**Management**
Bank Charges|2022
£
20,167
3,301
2,594
-
380
290
26,732
581
122
23,969
130
2,157
465
15,080
42,504
69,236
2,465
16,732
3,055
1,931
8,256
789
3,816
2,521
788
15,583
2,367
1,606
57,444
3,548
62|2021
£
41,616
219
500
25
-
-
42,360
11
94
4,561
52
-
235
15,080
20,033
62,393
-
13,473
(706)
2,116
7,432
36
2,661
1,788
19,516
15,583
3,156
2,753
67,808
-
4| |---|---|---| This page does not form part of the statutory financial statements Page 12 ## **Jackmans Community Association** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022** |**Management**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income/(expenditure)**|2022
£
1,000
64,519
4,717|2021
£
950
68,762
(6,369)| |---|---|---| This page does not form part of the statutory financial statements Page 13