REGISTERED CHARITY NUMBER: 272798
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022
for
South Grove Community Association
South Grove 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 |
South Grove 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
The object of the Charity is to establish and improve the conditions of life for the inhabitants of Woodston and Fletton (Peterborough) as defined on a map contained in the constitution and known as the "area of benefit".
This is achieved by advancing education, providing recreation and leisure facilities and promoting charitable purposes. The community centre is available for hire by any individual or organisation in accordance with the standard hiring agreement and scale of charges adopted for the year. It is intended that the scale of charges, together with the income from the bar facilities be sufficient to generate enough income to meet all expenditure incurred in providing the centre. Community projects are funded by specific appeals, funding and grants.
Public benefit
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
The community centre is utilised by all sectors of the community. The Management Committee is always open to and welcomes any new initiatives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The attached financial statements show the current state of the Association's finances which the Trustees consider to be sound.
The Centre is utilised by all sections of our community but we are always open to and welcome new initiatives.
FUTURE PLANS
During the coming year the Association is actively looking to improve its accounting systems and to seek new sources of funding.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The South Grove Community Association is registered was established by a constitution adopted on 13 December 1976 and amended and approved on 27 June 1997.
Page 1
South Grove Community Association
Report of the Trustees for the Year Ended 31 March 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The Charity is organised as an independent association of local residents with a Management Committee comprising elected and nominated members. Activities include the provision of the community centre as a permanent facility and a variety of community groups and projects including bingo, karate etc.
The Trustee's of the Charity are detailed below. However, day to day operations of the Charity have been delegated to the management committee.
Chair: Nick Thulbourn Trustee: Margaret Heaney Trustee: Terri Rowcliffe
The Charity is administered by a management committee comprising:-
Chair: Alan Daliday Secretary: Tina Stockhill Treasurer: Margaret Thulbourn
Other Committee Members and User Representatives include:-
Angela Estpositio, Carmela De Paola, Alan Dalliday, Tina Schipani, Mario Schipani, Tina Stockwell, Carol Pywell and Shirley Currell.
The Management Committee are elected on an annual basis with the Officers being elected first. The annual general meeting is usually held in June.
The Charity relies primarily on volunteers but does have several paid part-time staff. Including a Centre Manager, Bar Staff and Cleaners.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
272798
Principal address
South Grove Community Centre Grove Street Woodston Peterborough PE2 9AG
Trustees
Independent Examiner
Mason & Co. 6 The Old Quarry Nene Valley Business Park Oundle Peterborough PE8 4HN
Page 2
Independent Examiner's Report to the Trustees of South Grove Community Association
Independent examiner's report to the trustees of South Grove Community Association
I report to the charity trustees on my examination of the accounts of South Grove 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:
-
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 R K Borgognoni FCCA Mason & Co. 6 The Old Quarry Nene Valley Business Park Oundle Peterborough PE8 4HN
Date: .............................................
Page 4
South Grove Community Association
Statement of Financial Activities for the Year Ended 31 March 2022
| 31.3.22 | 31.3.21 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 15,320 | 2,000 | |
| Charitable activities | |||
| Charity Objects | 63,399 | 26,493 | |
| Investment income | 2 | 141 | 4 |
| Total | 78,860 | 28,497 | |
| EXPENDITURE ON | |||
| Raising funds | 3 | 378 | - |
| Charitable activities | |||
| Charity Objects | 57,181 | 21,987 | |
| Total | 57,559 | 21,987 | |
| NET INCOME | 21,301 | 6,510 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 33,592 | 27,082 | |
| TOTAL FUNDS CARRIED FORWARD | 54,893 | 33,592 |
The notes form part of these financial statements
Page 5
| 3t.3.22 Unrestricted |
3I.3.2I -lotal |
||
|---|---|---|---|
| funil | lunds | ||
| Notes | fT | ||
| FIXEDASSETS '['an-eiblcassets |
7 | 7.259 | 2.125 |
| CT]RRENT ASSETS Stocks Cash atbank andinhand |
8 | 2.463 45.17I |
& |
| 47.634 | 37,167 | ||
| NETCTJRRENT ASSETS | 47,634 | 31,t67 | |
| TOTALASSETS LESSCTIRRENT | |||
| [,IABILITIES | 54.893 | ji.592 | |
| NETASSETS | 5,+.893 | 33.592 | |
| FUNDS | |||
| Unlestrictcdlunds | 54.893 | 33.592 | |
| TOTALFUNDS | iI,82i | 33.592 |
South Grove 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.
Fixtures and fittings
- 25% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 7
South Grove Community Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Curr asset inv income | 141 | 4 | |
| 3. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Support costs | 378 | - |
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. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| Centre Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charity Objects Investment income Total EXPENDITURE ON Charitable activities Charity Objects NET INCOME |
31.3.22 31.3.21 4 4 Unrestricted fund £ 2,000 26,493 4 28,497 21,987 6,510 |
|---|---|
continued...
Page 8
South Grove Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| £ | |||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 27,082 | ||
| TOTAL FUNDS CARRIED FORWARD | 33,592 | ||
| 7. | TANGIBLE FIXED ASSETS | ||
| Fixtures | |||
| and | |||
| fittings | |||
| £ | |||
| COST | |||
| At 1 April 2021 | 10,917 | ||
| Additions | 8,487 | ||
| At 31 March 2022 | 19,404 | ||
| DEPRECIATION | |||
| At 1 April 2021 | 8,492 | ||
| Charge for year | 3,653 | ||
| At 31 March 2022 | 12,145 | ||
| NET BOOK VALUE | |||
| At 31 March 2022 | 7,259 | ||
| At 31 March 2021 | 2,425 | ||
| 8. | STOCKS | ||
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Stocks | 2,463 | - |
continued...
Page 9
South Grove Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||
|---|---|---|
| Net | ||
| movement | At | |
| At 1.4.21 | in funds | 31.3.22 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 33,592 |
21,301 | 54,893 |
| TOTAL FUNDS 33,592 |
21,301 | 54,893 |
| Net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 78,860 |
(57,559) | 21,301 |
| TOTAL FUNDS 78,860 |
(57,559) | 21,301 |
| Comparatives for movement in funds | ||
| Net | ||
| movement | At | |
| At 1.4.20 | in funds | 31.3.21 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 27,082 |
6,510 | 33,592 |
| TOTAL FUNDS 27,082 |
6,510 | 33,592 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 28,497 |
(21,987) | 6,510 |
| TOTAL FUNDS 28,497 |
(21,987) | 6,510 |
continued...
Page 10
South Grove 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 position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.20 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 27,082 | 27,811 | 54,893 |
| TOTAL FUNDS | 27,082 | 25,937 | 53,019 |
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 | 107,357 | (79,546) | 27,811 |
| TOTAL FUNDS | 107,357 | (79,546) | 27,811 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 11
South Grove Community Association
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Grants | 15,320 | 2,000 |
| Investment income | ||
| Curr asset inv income | 141 | 4 |
| Charitable activities | ||
| Hire charges | 23,538 | 120 |
| Bingo and other income | 16,792 | - |
| Bar facilities | 17,265 | - |
| COVID assistance | 5,804 | 26,373 |
| 63,399 | 26,493 | |
| Total incoming resources | 78,860 | 28,497 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 11,590 | 7,964 |
| Rates and water | - | 815 |
| Insurance | 621 | 568 |
| Light and heat | 6,249 | 4,988 |
| Postage and stationery | 930 | 677 |
| Repairs and maintenance | 2,769 | 215 |
| Cleaning and pest control | 5,597 | 1,955 |
| Licences and subscriptions | 376 | 338 |
| Bar stock and expenses | 10,386 | 1,916 |
| HMRC | 523 | 642 |
| Bingo Expenses | 10,262 | - |
| Lunch club expenses | 4,225 | - |
| Fixtures and fittings | 3,653 | 1,531 |
| 57,181 | 21,609 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 378 | 378 |
| Total resources expended | 57,559 | 21,987 |
| Net income | 21,301 | 6,510 |
This page does not form part of the statutory financial statements
Page 12