Charity number: 277654 

## STOKE HAMMOND COMMUNITY ASSOCIATION 

## UNAUDITED 

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE 

YEAR ENDED 31 MARCH 2023 



## **STOKE HAMMOND COMMUNITY ASSOCIATION** 

|CONTENTS||
|---|---|
||Page|
|Reference and administrative details of the Charity, its Trustees and|1|
|advisers||
||2-3|
|Trustees' report||
||4|
|Independent examiner’s report||
||5|
|Statement of financial activities||
||6|
|Balance sheet||
||7 - 12|
|Notes to the financial statements||





## **STOKE HAMMOND COMMUNITY ASSOCIATION** 

**REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS** FOR THE YEAR ENDED 31 MARCH 2023 

|**Trustees**|Trustees|
|---|---|
||Greg Noble|
||Tracie Bailey|
||Ann Payne|
||Alan Humphries|
||David Webber|
||Additional Key Personnel|
||Fran Sharkey|
|**Charity registered**|Susan Rickson|
|**number**|277654|
|Principal office||
||Bragenham Side|
||STOKE HAMMOND|
||BUCKS|
|**Management**|MK17 9DB|
|**Committee**|Greg Noble (Chair & Acting Treasurer)|
||Tracey Bailey (Vice Chair)|
||Ann Payne (Secretary)|
||Fran Sharkey|
||Susan Rickson|



## **Independent Examiner** 

KDA Accountants Ltd 9 Bessemer Crescent Aylesbury HP19 8TF 



## **STOKE HAMMOND COMMUNITY ASSOCIATION** 

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023 

The committee members present their annual report together with the financial statements of the Stoke Hammond Community Association for the 1 April 2022 to 31 March 2023. 

## **Objectives** and **activities** 

## **Principal activity** 

The charity's objects are to maintain and promote a facility to be used for educational and social purposes to the benefit of residents in and around Stoke Hammond. The policies adopted in furtherance of these objects and in deciding the activities to be undertaken has been made after due consideration of the guidance issued by the Charity Commission and there has been no change in these during the year. 

## **Achievements and Review of activities** 

We are pleased to advise that we have enjoyed a busy year at the Community Centre, with a variety of hirers in addition to our regular users. There was also excellent news that the Buttons Preschool that use the centre on weekdays during school term time were inspected by Ofsted and they and our premises achieved an 'Outstanding' assessment. 

With the help once again of funding from the Winslow and Villages Board Community Board plus additional financial support from the Stoke Hammond Parish Council, we were able to fully resurface the old and tired tarmac playground that fronts the centre. At the same time, we created a new gated entrance and markedout the area as a car park for centre users, which aside from further enhancing the facilities the centre has tooffer it also serves to reduce parked vehicles on neighbouring roads when the Centre is in use. 

## **Qualifying third party indemnity provisions** 

## **Policies and objectives** 

The charity's objects are to maintain and promote a facility to be used for educational and social purposes to the benefit of residents in and around Stoke Hammond. The policies adopted in furtherance of these objects and in deciding the activities to be undertaken has been made after due consideration of the guidance issued by the Charity Commission and there has been no change in these during the year. 

## **Financial review** 

## **Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

## **Reserves policy** 

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three-and six-month’s expenditure. The committee members consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. 

The trustees and committee members have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. 



STOKE HAMMONDCOMMUNrriASSOCIATION
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Trustee
Date.. 8th August 2023

## **STOKE HAMMOND COMMUNITY ASSOCIATION** 

**INDEPENDENT EXAMINER’S REPORT** FOR THE YEAR ENDED 31 MARCH 2023 

## **Independent examiner's report to the Trustees of Stoke Hammond Community Association** 

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023. 

## **Responsibilities and basis of report** 

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (’the 2011 Act'). 

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after April  2022. 

I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 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. This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. 

Signed: Dated: 

Keith Dale FCA BA Hons Independent Examiner 

For and on Behalf of KDA Accountants Ltd 

- 9 Bessemer Crescent, Aylesbury, HP19 8TF 



## **STOKE HAMMOND COMMUNITY ASSOCIATION** 

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 

|Note<br>Income From<br>Donations & Legacies<br>3<br>Charitable Activity<br>4<br>Grant Income<br>4<br>Total Income<br>Expenditure<br>5<br>Total Expenditure<br>Net Movement in Funds<br>Reconciliation of Funds<br>Value Bought Forward<br>Net Movement of Funds|2023<br>2022<br>£<br>£<br>34,446.00 32,177.00<br>12,929.00|
|---|---|
||47,375.00 32,177.00|
||26,991.62 47,098.00|
||26,991.62 47,098.00|
|||
||20,383.38<br>-<br>14,921.00|
||11,498.00 26,419.00<br>20,383.38<br>-<br>14,921.00|
||31,881.38 11,498.00|



The Statement of Financial Activity Includes all Surplus / Loss recognised within the financial year 



## STOKE HAMMOND COMMUNITY ASSOCIATION 

BALANCE SHEET AS AT 31 MARCH 2023 

|Fixed Assets<br>Note<br>Tangible Assets<br>7<br>Current Assets<br>Debtors<br>8<br>Prepayments<br>Cash At Hand<br>Net Current Assets<br>Creditors Amounts Falling Due in 1 Year<br>Accruals<br>Total Assets Less Liabilities<br>Represented By<br>Restricted Funds<br>Unrestricted Funds<br>Total Funds|2023<br>2022<br>£<br>£<br>17,868.00 14,748.00<br>11,076.00<br>822.00<br>822.00<br>18,015.00 21,313.00|
|---|---|
||29,913.00 22,135.00|
|||
||47,781.00 36,883.00|
||56.00<br>56.00<br>2,743.00|
||44,982.00 36,827.00|
||44,982.38 36,827.00|
||44,982.38 36,827.00|





STOKE HAMMOND COMMUNITY ASSOCIATION 

Note 4 Income from Charitable Activities 

|Charitable Hire Income<br>Grant income|2023<br>2022<br>34,446<br>32,177<br>12,929|
|---|---|
||47,375<br>32,177|



Note 5 Analysis Of Expenditure On Charitable Activities 

|Wages & Salaries<br>Staff Training<br>Rates<br>Light & Heat<br>Cleaning<br>Telephone & Fax<br>Stationary & Printing<br>Subscriptions<br>Insurance<br>Repairs & Maintenance<br>Depreciation<br>Sundry Expenses<br>Accountancy Fees<br>Other Legal & Professional Fees|2023<br>2022<br>590<br>370<br>504<br>993<br>798<br>4,377<br>3,435<br>2,696<br>1,147<br>140<br>360<br>32<br>15<br>100<br>336<br>748<br>663<br>6,544<br>31,915<br>7,781<br>4,351<br>1,196<br>1,361<br>773<br>898<br>1,022<br>945|
|---|---|
||26,992<br>47,098|





STOKE HAMMOND COMMUNITY ASSOCIATION 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 

## Note 6. Trustees’ remuneration and expenses 

During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)._ 

During the year ended 31 March 2022, no Trustee expenses have been incurred _(2022 - £NIL)._ 

## Note 7 Tangible Fixed Assets 

|Cost of Valuation<br>At 1st April 2022<br>Additions<br>At 31st March<br>2023<br>Depreciation<br>At 1st April 2022<br>Charge for the<br>Year<br>At 31st March<br>2022<br>Net Book Value<br>31st March 2023<br>31st March 2022|Plant & Machinery<br>Fixtures &<br>Fittings<br>Building<br>Total<br>£<br>£<br>£<br>2,234.00<br>10,449.00<br>12,683.00<br>5,443.00 22,335.52 27,778.52|
|---|---|
||2,234.00<br>15,892.00 22,335.52 40,461.52|
||1,649.00<br>13,163.00<br>14,812.00<br>585.00<br>2,729.00<br>4,467.10<br>7,781.10|
||2,234.00<br>15,892.00<br>4,467.10 22,593.10|
|||
||0.00<br>0.00 17,868.42 17,868.42<br>585.00<br>5,094.00<br>0.00<br>5,679.00|





STOKE HAMMOND COMMUNITY ASSOCIATION 

|Note 9 Creditors Amount Falling due within one|Note 9 Creditors Amount Falling due within one|
|---|---|
|year||
||2023<br>2022|
||£<br>£|
|Trade Creditors|56.00<br>56.00|
|Accruals & Prepayments|2,744.00 3,026.00|
||2,800.00 3,082.00|



NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2023