REGISTERED CHARITY NUMBER: 267914
Report of the Trustees and
Financial Statements for the Year Ended 30 November 2023
for
Berinsfield Community Association
Westell Accountants 3 Bradfield Court Drayton Mill, Milton Road Drayton Abingdon Oxfordshire OX14 4EF
Berinsfield Community Association
Contents of the Financial Statements for the year ended 30 November 2023
| 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 | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
Berinsfield Community Association
Report of the Trustees
for the year ended 30 November 2023
The trustees present their report with the financial statements of the charity for the year ended 30 November 2023. 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
267914
Principal address
Green Furlong Berinsfield Wallingford Oxfordshire OX10 7NR
Trustees
D Greenaway D M Ingram
Independent Examiner
Westell Accountants 3 Bradfield Court Drayton Mill, Milton Road Drayton Abingdon Oxfordshire OX14 4EF
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Trustee
1
Independent Examiner's Report to the Trustees of Berinsfield Community Association
Independent examiner's report to the trustees of Berinsfield Community Association
I report to the charity trustees on my examination of the accounts of Berinsfield Community Association (the Trust) for the year ended 30 November 2023.
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.
M J Griffiths
Westell Accountants 3 Bradfield Court Drayton Mill, Milton Road Drayton Abingdon Oxfordshire OX14 4EF
Date: .............................................
2
Berinsfield Community Association
Statement of Financial Activities for the year ended 30 November 2023
| 30.11.23 | 30.11.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 9,658 | 8,951 | |
| Other trading activities | 2 | 10,071 | 10,749 |
| Investment income | 3 | 12,386 | 6,014 |
| Other income | 3,824 | 19,001 | |
| Total | 35,939 | 44,715 | |
| EXPENDITURE ON | |||
| Raising funds | 44,674 | 19,294 | |
| NET INCOME/(EXPENDITURE) | (8,735) | 25,421 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 238,340 | 212,919 | |
| TOTAL FUNDS CARRIED FORWARD | 229,605 | 238,340 |
The notes form part of these financial statements
3
Berinsfield Community Association
Balance Sheet
30 November 2023
| 30.11.23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 158,449 CURRENT ASSETS Debtors 8 213 Cash at bank and in hand 70,943 71,156 CREDITORS Amounts falling due within one year 9 - NET CURRENT ASSETS 71,156 TOTAL ASSETS LESS CURRENT LIABILITIES 229,605 NET ASSETS 229,605 FUNDS 10 Unrestricted funds 229,605 TOTAL FUNDS 229,605 |
30.11.22 Total funds £ 156,617 - 82,168 82,168 (445) 81,723 238,340 238,340 238,340 238,340 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
............................................. Trustee
The notes form part of these financial statements
4
Berinsfield Community Association
Notes to the Financial Statements for the year ended 30 November 2023
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 | - at variable rates on reducing balance |
|---|---|
| Plant and machinery | - 20% 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.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 30.11.23 | 30.11.22 | |
| £ | £ | |
| Entertainment & shows | 35 | 1,256 |
| Bingo & draw takings | 10,036 | 9,493 |
| 10,071 | 10,749 |
5
continued...
Berinsfield Community Association
Notes to the Financial Statements - continued for the year ended 30 November 2023
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.11.23 | 30.11.22 | |
| £ | £ | |
| Rents received | 12,000 | 6,000 |
| Deposit account interest | 386 | 14 |
| 12,386 | 6,014 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2023 nor for the year ended 30 November 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2023 nor for the year ended 30 November 2022.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 30.11.23 | 30.11.22 | |
|---|---|---|
| Committee members | 5 | 5 |
| No employees received emoluments in excess of £60,000. | ||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 8,951 | |
| Other trading activities | 10,749 | |
| Investment income | 6,014 | |
| Other income | 19,001 | |
| Total | 44,715 | |
| EXPENDITURE ON | ||
| Raising funds | 19,294 | |
| NET INCOME | 25,421 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 212,919 | |
| TOTAL FUNDS CARRIED FORWARD | 238,340 |
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
6
continued...
Berinsfield Community Association
Notes to the Financial Statements - continued for the year ended 30 November 2023
7. TANGIBLE FIXED ASSETS
| Freehold Plant and property machinery £ £ COST At 1 December 2022 296,830 114,349 Additions - 6,600 At 30 November 2023 296,830 120,949 DEPRECIATION At 1 December 2022 143,787 111,878 Charge for year 3,061 1,707 At 30 November 2023 146,848 113,585 NET BOOK VALUE At 30 November 2023 149,982 7,364 At 30 November 2022 153,043 2,471 8. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other debtors 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 10. MOVEMENT IN FUNDS At 1.12.22 £ Unrestricted funds General fund 238,340 TOTAL FUNDS 238,340 |
Trophies £ 1,103 - 1,103 - - - 1,103 1,103 30.11.23 £ 213 30.11.23 £ - - - Net movement in funds £ (8,735) (8,735) |
Totals £ 412,282 6,600 |
|---|---|---|
| 418,882 | ||
| 255,665 4,768 |
||
| 260,433 | ||
| 158,449 | ||
| 156,617 | ||
| 30.11.22 £ - 30.11.22 £ 32 413 445 At 30.11.23 £ 229,605 |
||
| 229,605 |
continued...
7
Berinsfield Community Association
Notes to the Financial Statements - continued for the year ended 30 November 2023
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 | 35,939 | (44,674) | (8,735) |
| TOTAL FUNDS | 35,939 | (44,674) | (8,735) |
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.12.21 £ 212,919 212,919 |
Net movement in funds £ 25,421 25,421 |
At 30.11.22 £ 238,340 |
|---|---|---|---|
| 238,340 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 44,715 | (19,294) | 25,421 |
| TOTAL FUNDS | 44,715 | (19,294) | 25,421 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.12.21 £ 212,919 212,919 |
Net movement in funds £ 16,686 16,686 |
At 30.11.23 £ 229,605 |
|---|---|---|---|
| 229,605 |
continued...
8
Berinsfield Community Association
Notes to the Financial Statements - continued for the year ended 30 November 2023
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 | 80,654 | (63,968) | 16,686 |
| TOTAL FUNDS | 80,654 | (63,968) | 16,686 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2023.
9
Berinsfield Community Association
Detailed Statement of Financial Activities for the year ended 30 November 2023
| Detailed Statement of Financial Activities for the year ended 30 November 2023 |
||
|---|---|---|
| 30.11.23 | 30.11.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 434 | 1,357 |
| Subscriptions | 3,654 | 3,299 |
| Hall fees | 3,711 | 2,760 |
| Machine takings etc | 1,859 | 1,535 |
| 9,658 | 8,951 | |
| Other trading activities | ||
| Entertainment & shows | 35 | 1,256 |
| Bingo & draw takings | 10,036 | 9,493 |
| 10,071 | 10,749 | |
| Investment income | ||
| Rents received | 12,000 | 6,000 |
| Deposit account interest | 386 | 14 |
| 12,386 | 6,014 | |
| Other income | ||
| SODC support grant | 3,824 | 19,001 |
| Total incoming resources | 35,939 | 44,715 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Entertainment and sports | 4,563 | 4,682 |
| Support costs | ||
| Management | ||
| Wages | 3,321 | 3,500 |
| Rates and water | 3,887 | 706 |
| Repairs to property | 19,680 | 2,599 |
| Postage and stationery | 257 | 483 |
| Sponsorship and advertising | 300 | - |
| Sundries | 495 | 168 |
| Cleaning | 4,216 | 2,720 |
| 32,156 | 10,176 | |
| Other | ||
| Freehold property | 3,061 | 3,123 |
| Plant and machinery | 1,707 | 473 |
| 4,768 | 3,596 |
This page does not form part of the statutory financial statements
10
Berinsfield Community Association
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the year ended 30 November 2023 | ||
| 30.11.23 | 30.11.22 | |
| £ | £ | |
| Other | ||
| Governance costs | ||
| Accountancy and legal fees | 3,187 | 840 |
| Total resources expended | 44,674 | 19,294 |
| Net (expenditure)/income | (8,735) | 25,421 |
This page does not form part of the statutory financial statements
11