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** **----- Start of picture text -----**
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
**----- End of picture text -----**
**BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION** **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30TH APRIL 2023** **----- Start of picture text -----**
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
**----- End of picture text -----**
Page 1 **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. Page 2 **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 Page 3 **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the 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. David Barr Martin and Company 25 St Thomas Street Winchester Hampshire SO23 9HJ Date: ............................................. Page 4 **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 Page 5 **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 Page 6 **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... Page 7 **BADGER FARM AND OLIVER'S BATTERY RESIDENTS COMMUNITY ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH APRIL 2023** **----- Start of picture text -----**
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
**----- End of picture text -----**
continued... Page 8 **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... Page 9 **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... Page 10 **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... Page 11 **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. Page 12 **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| |---|---|---| This page does not form part of the statutory financial statements Page 13 **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| |---|---|---| This page does not form part of the statutory financial statements Page 14 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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the 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. David Barr Martin and Company 25 St Thomas Street Winchester Hampshire SO23 9HJ