REGISTERED CHARITY NUMBER: 267044
Report of the Trustees and
Financial Statements
for the Year Ended 31 December 2022
for
Dursley & District Community Association
GCSD Accountants Limited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GL10 3UT
Dursley & District Community Association
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
Dursley & District Community Association
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 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 activities
The objectives of the association are to provide a Community Centre for the benefit of the inhabitants of Dursley and the surrounding area. In pursuing its objectives, the association has operated the Community Centre for the benefit of a number of local clubs, and received donations, rent and room hire income of £42,061 for the year.
The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charities Commission in furthering the aims of the charity.
FINANCIAL REVIEW
The reserves of the Association were £89,640 at 31 December 2022. The reserves are held in order to fund the future activities of the charity. Restricted income funds amounted to £8,908 at the year end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Charity is an incorporated association governed by a constitution adopted on 20 March 1989. The charity is operated by a council consisting of honorary officers and representatives of user groups of the Dursley Community Centre.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
267044
Principal address
Rednock Drive Dursley Gloucestershire GL11 4BX
Trustees
J Hudson Mrs J Ball R Davis Mrs C L Zoglowek Mrs P Eagle
Page 1
Dursley & District Community Association
Report of the Trustees for the Year Ended 31 December 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
GCSD Accountants Limited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GL10 3UT
Approved by order of the board of trustees on 23 September 2023 and signed on its behalf by:
J Hudson - Trustee
Page 2
Independent Examiner's Report to the Trustees of Dursley & District Community Association
Independent examiner's report to the trustees of Dursley & District Community Association
I report to the charity trustees on my examination of the accounts of Dursley & District Community Association (the Trust) for the year ended 31 December 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:
-
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.
Mr G S Hollywell - FMAAT ATT FCCA
GCSD Accountants Limited 701 Stonehouse Park Sperry Way Stonehouse Gloucestershire GL10 3UT
23 September 2023
Page 3
Dursley & District Community Association
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 26,053 - Charitable activities Charitble activities 7,000 9,100 Investment income 2 6 - Total 33,059 9,100 EXPENDITURE ON Charitable activities Charitble activities 28,604 216 NET INCOME 4,455 8,884 RECONCILIATION OF FUNDS Total funds brought forward 76,277 24 TOTAL FUNDS CARRIED FORWARD 80,732 8,908 |
2022 Total funds £ 26,053 16,100 6 42,159 28,820 13,339 76,301 89,640 |
2021 Total funds £ 16,595 |
|---|---|---|
| 12,113 | ||
| - | ||
| 28,708 | ||
| 24,131 | ||
| 4,577 | ||
| 71,724 | ||
| 76,301 |
The notes form part of these financial statements
Page 4
Dursley & District Community Association
Balance Sheet
31 December 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 58,043 CURRENT ASSETS Debtors 7 3,289 Cash at bank 33,494 36,783 CREDITORS Amounts falling due within one year 8 (14,094) NET CURRENT ASSETS 22,689 TOTAL ASSETS LESS CURRENT LIABILITIES 80,732 NET ASSETS 80,732 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 21 - 8,887 8,887 - 8,887 8,908 8,908 |
2022 Total funds £ 58,064 3,289 42,381 45,670 (14,094) 31,576 89,640 89,640 80,732 8,908 89,640 |
2021 Total funds £ 59,350 1,149 29,291 |
|---|---|---|---|
| 30,440 | |||
| (13,489) 16,951 76,301 |
|||
| 76,301 | |||
| 76,277 24 76,301 |
The financial statements were approved by the Board of Trustees and authorised for issue on 23 September 2023 and were signed on its behalf by:
J Hudson - Trustee
The notes form part of these financial statements
Page 5
Dursley & District Community Association
Notes to the Financial Statements for the Year Ended 31 December 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.
Freehold property - Land-nil. Buildings-2% reducing balance. Plant and machinery - 25% on reducing balance Computer equipment - 33% on cost
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.
continued...
Page 6
Dursley & District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES - continued
Grants and donations
Grants and donations are only included in the SOFA when the general income recognition criteria are met.
The grant received from Gloucester County Council towards roof repairs is being amortised at 2% per annum on the reducing balance method. This policy is consistent with the depreciation policy for the buildings and ensures that the grant is recognised in the Statement of Financial Activities so as to match against the depreciation charged each year on the roof repairs.
2. INVESTMENT INCOME
| Deposit account interest | 2022 £ 6 |
2021 |
|---|---|---|
| £ | ||
| - | ||
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
4. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries | 2022 £ 18,088 18,088 |
2021 |
| £ 15,923 15,923 |
The average monthly number of employees during the year was as follows:
| Administration Social Club |
2022 1 1 2 |
2021 |
|---|---|---|
| 1 1 2 |
No employees received emoluments in excess of £60,000.
continued...
Page 7
Dursley & District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,595 Charitable activities Charitble activities 12,113 Total 28,708 EXPENDITURE ON Charitable activities Charitble activities 24,129 NET INCOME/(EXPENDITURE) 4,579 RECONCILIATION OF FUNDS Total funds brought forward 71,698 TOTAL FUNDS CARRIED FORWARD 76,277 6. TANGIBLE FIXED ASSETS Freehold Plant and property machinery £ £ COST At 1 January 2022 and 31 December 2022 135,205 46,799 DEPRECIATION At 1 January 2022 77,605 45,050 Charge for year 1,152 134 At 31 December 2022 78,757 45,184 NET BOOK VALUE At 31 December 2022 56,448 1,615 At 31 December 2021 57,600 1,749 |
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,595 Charitable activities Charitble activities 12,113 Total 28,708 EXPENDITURE ON Charitable activities Charitble activities 24,129 NET INCOME/(EXPENDITURE) 4,579 RECONCILIATION OF FUNDS Total funds brought forward 71,698 TOTAL FUNDS CARRIED FORWARD 76,277 6. TANGIBLE FIXED ASSETS Freehold Plant and property machinery £ £ COST At 1 January 2022 and 31 December 2022 135,205 46,799 DEPRECIATION At 1 January 2022 77,605 45,050 Charge for year 1,152 134 At 31 December 2022 78,757 45,184 NET BOOK VALUE At 31 December 2022 56,448 1,615 At 31 December 2021 57,600 1,749 |
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,595 Charitable activities Charitble activities 12,113 Total 28,708 EXPENDITURE ON Charitable activities Charitble activities 24,129 NET INCOME/(EXPENDITURE) 4,579 RECONCILIATION OF FUNDS Total funds brought forward 71,698 TOTAL FUNDS CARRIED FORWARD 76,277 6. TANGIBLE FIXED ASSETS Freehold Plant and property machinery £ £ COST At 1 January 2022 and 31 December 2022 135,205 46,799 DEPRECIATION At 1 January 2022 77,605 45,050 Charge for year 1,152 134 At 31 December 2022 78,757 45,184 NET BOOK VALUE At 31 December 2022 56,448 1,615 At 31 December 2021 57,600 1,749 |
Restricted fund £ - - - 2 (2) 26 24 Computer equipment £ 657 656 - 656 1 |
Total funds £ 16,595 12,113 28,708 24,131 4,577 71,724 76,301 Totals £ 182,661 123,311 1,286 124,597 58,064 |
Total funds £ 16,595 12,113 |
|---|---|---|---|---|---|
| 28,708 | |||||
| 24,131 | |||||
| 4,577 71,724 |
|||||
| 76,301 | |||||
| 57,600 | 1,749 | 1 | 59,350 |
continued...
Page 8
Dursley & District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
2022 £ 2,043 1,246 3,289 2022 £ 78 840 13,176 14,094 |
2021 £ |
|
|---|---|---|---|
| - | |||
| 1,149 | |||
| 1,149 | |||
| 2021 £ |
|||
| 72 | |||
| - 13,417 13,489 |
9. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Other loans 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS |
2022 2021 £ £ - 400 Net movement At At 1.1.22 in funds 31.12.22 £ £ £ 76,277 4,455 80,732 24 8,884 8,908 76,301 13,339 89,640 |
2021 £ |
|---|---|---|
| 400 |
continued...
Page 9
Dursley & District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. 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 | 33,059 | (28,604) | 4,455 |
| Restricted funds | |||
| Restricted | 9,100 | (216) | 8,884 |
| TOTAL FUNDS | 42,159 | (28,820) | 13,339 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 71,698 | 4,579 | 76,277 |
| Restricted funds | |||
| Restricted | 26 | (2) | 24 |
| TOTAL FUNDS | 71,724 | 4,577 | 76,301 |
continued...
Page 10
Dursley & District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. 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 28,708 |
(24,129) | 4,579 |
| Restricted funds | ||
| Restricted - |
(2) | (2) |
| TOTAL FUNDS 28,708 |
(24,131) | 4,577 |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| Net | ||
| movement | At | |
| At 1.1.21 | in funds | 31.12.22 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 71,698 |
9,034 | 80,732 |
| Restricted funds | ||
| Restricted 26 |
8,882 | 8,908 |
| TOTAL FUNDS 71,724 |
17,916 | 89,640 |
continued...
Page 11
Dursley & District Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. 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 | 61,767 | (52,733) | 9,034 |
| Restricted funds | |||
| Restricted | 9,100 | (218) | 8,882 |
| TOTAL FUNDS | 70,867 | (52,951) | 17,916 |
11. RELATED PARTY DISCLOSURES
Dursley and District Community Association rents the club and bar area to Dursley and District Community Association Social Club Limited. The rental charge to the social club for the year was £3,600 (2021 : £3,600).
The Social Club uses staff who are employees of the Community Association. The social club reimbursed the Community Association £8,953 (2021 : £4,576) for the use of staff during the year.
The Social Club made a contribution to the Community Association of £5,000 (2021: nil) to go towards running costs.
At the year end the Community Association owed the Social Club £6,612 (2021 : (£7,144)).
Page 12
Dursley & District Community Association
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Subscriptions Room hire Amortisation of grant Investment income Deposit account interest Charitable activities Grants Total incoming resources EXPENDITURE Charitable activities Wages Rates and water Insurance Light and heat Telephone Postage and stationery Repairs and renewals Cleaning Other Freehold property Plant and machinery Support costs Finance Bank charges |
2022 £ 19,652 114 6,195 92 26,053 6 16,100 42,159 18,088 961 1,503 1,464 611 - 2,488 932 - 1,152 133 27,332 332 |
2021 £ 8,790 - 7,711 94 16,595 - 12,113 28,708 15,923 398 1,280 233 523 10 2,474 571 7 1,176 285 22,880 171 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
Dursley & District Community Association
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Finance Governance costs Auditors' remuneration for non audit work Total resources expended Net income |
2022 £ 1,156 28,820 13,339 |
2021 £ |
|---|---|---|
| 1,080 24,131 4,577 |
This page does not form part of the statutory financial statements
Page 14