Chairman’s Report
It has been a tough year with regard to rental income and we are hoping that next year will not be too much worse. The kitchen should be finished within two to three weeks. This is unacceptable, and the trustees have been very unhappy with the contractors. The vaccination centre has now finished and clearing up should be completed by the end of next week. The outside marquee should be gone by the end of next week too. We have a good booking lined up for the Battery.
We need to look into available grants for a warm space facility and whether the kitchen can be used to help local residents. Rental is being held down for playgroup, and other rents have been adjusted.
REGISTERED CHARITY NUMBER: 279592
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2023
FOR
BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
Martin and Company 25 St Thomas Street Winchester Hampshire SO23 9HJ
BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2023
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Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 12
Detailed Statement of Financial Activities 13 to 14
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30TH APRIL 2023
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TRUSTEES B Laming
R Skinner
L Nguyen
S Lever
S Osborne
P D Roberts (appointed 1.5.2022)
PRINCIPAL ADDRESS Badger Farm Community Centre
Badger Farm Road
Badger Farm
Winchester
Hampshire
SO22 4BQ
REGISTERED CHARITY 279592
NUMBER
INDEPENDENT EXAMINER Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH APRIL 2023
The trustees present their report with the financial statements of the charity for the year ended 30th April 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the charity is to provide rooms for hire to local organisations, thereby enabling a range of activities to take place for the benefit of the local community. The charity also issues a free community news letter to local residents.
Public benefit
The Trustees confirm that they have complied with their duty in section 17 of the Charities Act 2011 and have referred to the guidance contained in the Charity Commission's general guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has seen an increase in hall bookings as the country recovers from the Covid 19 pandemic, supplemented by ongoing support in the form of government grants. Significant income has been generated from the site's utilisation as a vaccine centre, but this will likely fall in the year to April 2023 as demand decreases.
The charity raised significant funds during the year ended April 2021 in an attempt to acquire an area of green space called the Davis Kickabout. Although the purchase was unsuccessful, some funds had been retained to allow the charity to continue its activities in preventing development of the area or for general community projects. Amounts due back to donors in respect of the failed purchase were previously shown in current liabilities and have either been refunded or retained for the charity to continue its activities.
The trustees consider the Charity to have sufficient reserves to continue operating under the current circumstances for the foreseeable future.
FINANCIAL REVIEW
Financial position
At 30th April 2023 the charity had net funds of £189,797.
Reserves policy
It is the policy of the Trustees to maintain the free reserves of the charity at a level to provide sufficient funds to cover the upkeep of the building together with management, administration and support costs.The Community Association, through its Executive Committee, reviews repairs and renovations needed to the building and its facilities on an annual basis, to enable it to offer a high level of service to all hirers of the Community Centre.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The Trustees of the charity are listed on the information page. New Trustees may be appointed by the existing Trustees. In appointing a new Trustee the settlor or existing Trustees will take into account the benefits of appointing a person who is able by virtue of his or her personal or professional qualifications to make a contribution to the pursuit of the objectives or management of the charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH APRIL 2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ B Laming - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Badger Farm and Oliver's Battery Residents Community Association
I report to the charity trustees on my examination of the accounts of Badger Farm and Oliver's Battery Residents Community Association (the Trust) for the year ended 30th April 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.
David Barr
Martin and Company 25 St Thomas Street Winchester Hampshire SO23 9HJ
Date: .............................................
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH APRIL 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,878 Charitable activities 3 Charitable activities 109,111 Investment income 2 138 Other income - Total 111,127 EXPENDITURE ON Charitable activities 4 Charitable activities 103,682 NET INCOME 7,445 RECONCILIATION OF FUNDS Total funds brought forward 182,352 TOTAL FUNDS CARRIED FORWARD 189,797 |
2022 Total funds £ 3,921 121,715 49 18,921 144,606 78,608 65,998 116,354 182,352 |
|---|---|
The notes form part of these financial statements
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
BALANCE SHEET 30TH APRIL 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 36,937 CURRENT ASSETS Debtors 10 15,792 Cash at bank and in hand 152,360 168,152 CREDITORS Amounts falling due within one year 11 (15,292) NET CURRENT ASSETS 152,860 TOTAL ASSETS LESS CURRENT LIABILITIES 189,797 NET ASSETS 189,797 FUNDS 12 Unrestricted funds 189,797 TOTAL FUNDS 189,797 |
2022 Total funds £ 19,775 34,758 147,394 182,152 (19,575) 162,577 182,352 182,352 182,352 182,352 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. B Laming - Trustee
The notes form part of these financial statements
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 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.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16th July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended practice effective from 1st April 2005 which has since been withdrawn.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern
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.
Long leasehold - 2% on cost Plant and machinery - 25% on cost Fixtures and fittings - 10% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
All funds held by the charity are unrestricted general funds which can be used in accordance with the charitable objectives at the discretion of the Trustees.
continued...
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH APRIL 2023
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2. INVESTMENT INCOME
2023 2022
£ £
Deposit account interest 138 49
3. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £ £
Friarsgate Doctors Surgery Charitable activities 5,507 5,310
Other hall bookings Charitable activities 64,104 37,708
Vaccine centre income Charitable activities 39,500 78,697
109,111 121,715
4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
£ £ £
Charitable activities 96,030 7,652 103,682
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
£ £
Staff costs 43,316 35,652
Rates and water 3,839 1,121
Insurance 3,264 3,120
Light and heat 7,269 5,881
Advertising 6,560 6,223
Cleaning & refuse disposal 6,355 5,438
Repairs & maintenance 19,151 9,984
-
Chat-Tea Cafe repairs 2,833
Depreciation 3,443 2,675
96,030 70,094
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continued...
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH APRIL 2023
6. SUPPORT COSTS
| SUPPORT COSTS | SUPPORT COSTS | |
|---|---|---|
| Management Finance £ £ Charitable activities 5,792 180 |
Governance costs Totals £ £ 1,680 7,652 |
|
| Support costs, included in the above, are as follows: Management Wages Telephone Postage and stationery Sundries Computer costs |
2023 2022 Charitable Total activities activities £ £ 3,163 3,053 738 1,059 274 234 722 1,125 895 1,177 |
|
| 5,792 6,648 |
||
| Finance Bank charges |
2023 2022 Charitable Total activities activities £ £ 180 186 |
|
| Governance costs Independent examiner's remuneration |
2023 2022 Charitable Total activities activities £ £ 1,680 1,680 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th April 2023 nor for the year ended 30th April 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th April 2023 nor for the year ended 30th April 2022.
continued...
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH APRIL 2023
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable activities Investment income Other income Total EXPENDITURE ON Charitable activities Charitable activities NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Long Plant and leasehold machinery £ £ COST At 1st May 2022 12,500 26,567 Additions - - At 30th April 2023 12,500 26,567 DEPRECIATION At 1st May 2022 5,250 25,847 Charge for year 250 668 At 30th April 2023 5,500 26,515 NET BOOK VALUE At 30th April 2023 7,000 52 At 30th April 2022 7,250 720 |
Unrestricted fund £ 3,921 121,715 49 18,921 144,606 78,608 65,998 116,354 182,352 Fixtures and fittings Totals £ £ 21,676 60,743 20,626 20,626 42,302 81,369 9,871 40,968 2,546 3,464 12,417 44,432 29,885 36,937 11,805 19,775 |
|---|---|
9. TANGIBLE FIXED ASSETS
continued...
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH APRIL 2023
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 12. MOVEMENT IN FUNDS At 1.5.22 £ Unrestricted funds General fund 182,352 TOTAL FUNDS 182,352 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 111,127 TOTAL FUNDS 111,127 |
2023 2022 £ £ 14,537 32,621 1,255 2,137 15,792 34,758 2023 2022 £ £ 1,773 602 3,201 353 10,318 18,620 15,292 19,575 Net movement At in funds 30.4.23 £ £ 7,445 189,797 7,445 189,797 Resources Movement expended in funds £ £ (103,682) 7,445 (103,682) 7,445 |
|---|---|
continued...
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH APRIL 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.5.21 £ Unrestricted funds General fund 116,354 TOTAL FUNDS 116,354 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 144,606 TOTAL FUNDS 144,606 |
Net movement At in funds 30.4.22 £ £ 65,998 182,352 65,998 182,352 Resources Movement expended in funds £ £ (78,608) 65,998 (78,608) 65,998 |
|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th April 2023.
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH APRIL 2023
| INCOME AND ENDOWMENTS Donations and legacies Advertising contributions Chat-Tea Cafe contributions Green space protection contributions Investment income Deposit account interest Charitable activities Friarsgate Doctors Surgery Other hall bookings Vaccine centre income Other income Covid Support Grants Total incoming resources EXPENDITURE Charitable activities Wages Pension Rates and water Insurance Light and heat Advertising Cleaning & refuse disposal Repairs & maintenance Chat-Tea Cafe repairs Depreciation Support costs Management Wages Telephone Carried forward |
2023 £ 1,140 738 - 1,878 138 5,507 64,104 39,500 109,111 - 111,127 42,720 596 3,839 3,264 7,269 6,560 6,355 19,151 2,833 3,443 96,030 3,163 738 3,901 |
2022 £ 700 479 2,742 3,921 49 5,310 37,708 78,697 121,715 18,921 144,606 35,150 502 1,121 3,120 5,881 6,223 5,438 9,984 - 2,675 70,094 3,053 1,059 4,112 |
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This page does not form part of the statutory financial statements
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BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH APRIL 2023
| Management Brought forward Postage and stationery Sundries Computer costs Finance Bank charges Governance costs Independent examiner's remuneration Total resources expended Net income |
2023 £ 3,901 274 722 895 5,792 180 1,680 103,682 7,445 |
2022 £ 4,112 234 1,125 1,177 6,648 186 1,680 78,608 65,998 |
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This page does not form part of the statutory financial statements
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BADGER FARM AND OLIVER'S BATTERY
RESIDENTS COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Badger Farm and Oliver's Battery Residents Community
Association
I report to the charity trustees on my examination of the accounts of Badger Farm and Oliver's Battery Residents
Community Association (the Trust) for the year ended 30th April 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.
David Barr
Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ