REGISTERED CHARITY NUMBER: 280128
Report of the Trustees and
Financial Statements
for the Year Ended 31 March 2021
for
St Budeaux Community Association
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
St Budeaux Community Association
Contents of the Financial Statements for the Year Ended 31 March 2021
| 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 | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
St Budeaux Community Association
Report of the Trustees for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. 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
280128
Principal address
St Budeaux Community Centre Plymouth Devon PL5 1UD
Trustees
M/s V Anstice M/s C Thompson H M Luscombe (deceased 22/8/2021) Mrs M Whammond R S Luscombe (appointed 22/8/2021)
Independent Examiner
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Approved by order of the board of trustees on 11 February 2022 and signed on its behalf by:
M/s C Thompson - Trustee
Page 1
Independent Examiner's Report to the Trustees of St Budeaux Community Association
Independent examiner's report to the trustees of St Budeaux Community Association
I report to the charity trustees on my examination of the accounts of St Budeaux Community Association (the Trust) for the year ended 31 March 2021.
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. Ian sheppard ICAEW Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
17 February 2022
Page 2
St Budeaux Community Association
Statement of Financial Activities for the Year Ended 31 March 2021
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - - Charitable activities Councillors' Grant 25,523 - Other trading activities 2 2,086 - Total 27,609 - EXPENDITURE ON Raising funds 7,726 - Charitable activities North Yard Trust - - Other 11,910 - Total 19,636 - NET INCOME/(EXPENDITURE) 7,973 - RECONCILIATION OF FUNDS Total funds brought forward (2,042) 7,114 TOTAL FUNDS CARRIED FORWARD 5,931 7,114 |
2021 Total funds £ - 25,523 2,086 27,609 7,726 - 11,910 19,636 7,973 5,072 13,045 |
2020 Total funds £ 2,525 2,671 35,799 40,995 25,634 7,948 12,401 45,983 (4,988) 10,060 5,072 |
|---|---|---|
The notes form part of these financial statements
Page 3
St Budeaux Community Association
Balance Sheet 31 March 2021
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 6 412 1,204 CURRENT ASSETS Cash at bank and in hand 12,880 5,941 CREDITORS Amounts falling due within one year 7 (7,361) (31) NET CURRENT ASSETS 5,519 5,910 TOTAL ASSETS LESS CURRENT LIABILITIES 5,931 7,114 NET ASSETS 5,931 7,114 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 1,616 18,821 (7,392) 11,429 13,045 13,045 5,931 7,114 13,045 |
2020 Total funds £ 2,367 9,850 (7,145) 2,705 5,072 5,072 (2,042) 7,114 5,072 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 11 February 2022 and were signed on its behalf by:
V Anstice - Trustee
The notes form part of these financial statements
Page 4
St Budeaux Community Association
Notes to the Financial Statements for the Year Ended 31 March 2021
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 and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% Straight Line Computer equipment - 20% Straight Line
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.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
Page 5
St Budeaux Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
2. OTHER TRADING ACTIVITIES
| Bingo, Tote & raffle Regular & casual hire Franchisee Phone, pool table & machine Sundries Franchisee recharges Kitchen sales Tabletop sales Catering Services Gatherings Trips Events |
2021 £ - 66 2,020 - - - - - - - - - 2,086 |
2020 £ 1,102 12,484 9,700 137 463 4,773 11 106 624 2,868 2,862 669 35,799 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| Cleaning Staff Cook 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 2,525 Charitable activities Councillors' Grant 2,671 Other trading activities 35,799 Total 40,995 EXPENDITURE ON Raising funds 25,634 |
2021 1 1 2 Restricted funds £ - - - - - |
2020 1 1 2 Total funds £ 2,525 2,671 35,799 40,995 25,634 |
|---|---|---|
Page 6
St Budeaux Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 5. | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| £ | £ | £ | |||
| Charitable activities | |||||
| North Yard Trust | 7,948 | - | 7,948 | ||
| Other | 12,401 | - | 12,401 | ||
| Total | 45,983 | - | 45,983 | ||
| NET INCOME/(EXPENDITURE) | (4,988) | - | (4,988) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 2,946 | 7,114 | 10,060 | ||
| TOTAL FUNDS CARRIED FORWARD | (2,042) | 7,114 | 5,072 | ||
| 6. | TANGIBLE FIXED ASSETS | ||||
| COST | Fixtures Plant and and machinery fittings £ £ |
Computer equipment £ |
Totals £ |
||
| At 1 April 2020 and 31 March 2021 | 1,756 8,489 |
2,005 | 12,250 | ||
| DEPRECIATION | |||||
| At 1 April 2020 | 592 8,489 |
802 | 9,883 | ||
| Charge for year | 350 - |
401 | 751 | ||
| At 31 March 2021 | 942 8,489 |
1,203 | 10,634 | ||
| NET BOOK VALUE | |||||
| At 31 March 2021 | 814 - |
802 | 1,616 | ||
| At 31 March 2020 | 1,164 - |
1,203 | 2,367 | ||
Page 7
St Budeaux Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts (see note 8) | 4,979 | 4,979 | |
| Other creditors | 2,413 | 2,166 | |
| 7,392 | 7,145 | ||
| LOANS | |||
| An analysis of the maturity of loans is given below: | |||
| Amounts falling due within one year on demand: | 2021 £ |
2020 £ |
|
| Bank overdrafts | 4,979 | 4,979 | |
| MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.20 £ |
Net movement in funds £ |
At 31.3.21 £ |
| General fund | (2,042) | 7,973 | 5,931 |
| Restricted funds | |||
| Defibrillator fund | |||
| Peoples Health Trust | (31) 4,101 |
- - |
(31) 4,101 |
| North Yard Trust | 3,044 | - | 3,044 |
| 7,114 | - | 7,114 | |
| TOTAL FUNDS | 5,072 | 7,973 | 13,045 |
| Net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 27,609 | (19,636) | 7,973 |
| TOTAL FUNDS | 27,609 | (19,636) | 7,973 |
8. LOANS
9.
Page 8
St Budeaux Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 2,946 | (4,988) | (2,042) |
| Restricted funds | |||
| Defibrillator fund | |||
| (31) | - | (31) | |
| Peoples Health Trust | 4,101 | - | 4,101 |
| North Yard Trust | 3,044 | - | 3,044 |
| 7,114 | - | 7,114 | |
| TOTAL FUNDS | 10,060 | (4,988) | 5,072 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 40,995 | (45,983) | (4,988) |
| TOTAL FUNDS | 40,995 | (45,983) | (4,988) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Unrestricted funds | At 1.4.19 £ |
Net movement in funds £ |
At 31.3.21 £ |
| General fund | 2,946 | 2,985 | 5,931 |
| Restricted funds | |||
| Defibrillator fund | |||
| Peoples Health Trust | (31) 4,101 |
- - |
(31) 4,101 |
| North Yard Trust | 3,044 | - | 3,044 |
| 7,114 | - | 7,114 | |
| TOTAL FUNDS | 10,060 | 2,985 | 13,045 |
Page 9
St Budeaux Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. 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 | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 68,604 | (65,619) | 2,985 | |
| TOTAL FUNDS | 68,604 | (65,619) | 2,985 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 10
St Budeaux Community Association
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | - | 150 |
| Donations | - | 308 |
| Membership & family nights | - | 2,067 |
| Other trading activities | - | 2,525 |
| Bingo, Tote & raffle | - | 1,102 |
| Regular & casual hire | 66 | 12,484 |
| Franchisee | 2,020 | 9,700 |
| Phone, pool table & machine | - | 137 |
| Sundries | - | 463 |
| Franchisee recharges | - | 4,773 |
| Kitchen sales | - | 11 |
| Tabletop sales | - | 106 |
| Catering Services | - | 624 |
| Gatherings | - | 2,868 |
| Trips | - | 2,862 |
| Events | - | 669 |
| Charitable activities | 2,086 | 35,799 |
| Grants | 25,523 | 2,671 |
| Total incoming resources | 27,609 | 40,995 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | - | 500 |
| Disco costs | - | 204 |
| Wages | 5,276 | 8,410 |
| Catering costs | - | 1,312 |
| Licensing | - | 180 |
| Rates and water | 1,878 | 3,768 |
| Insurance | 2,631 | 2,257 |
| Light and heat | (2,059) | 8,423 |
| Bar hire | - | 1,330 |
| Charitable activities | 7,726 | 26,384 |
| Wages | - | 2,851 |
| Square Club provisions | - | 3,370 |
| Sundries | - | 227 |
| - | 6,448 |
This page does not form part of the statutory financial statements
Page 11
St Budeaux Community Association
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Other | ||
| Taxis | - | 74 |
| Donations | - | 25 |
| Webpage costs | 100 | 100 |
| Professional fees | 3,776 | 40 |
| Telephone | 1,720 | 1,755 |
| Printing an stationery | - | 556 |
| TV licence | 158 | 155 |
| Repairs and renewals | 4,278 | 2,288 |
| Cleaning materials | - | 769 |
| Waste disposal | - | 1,579 |
| Draw expenses | - | 120 |
| Entertainment | - | 550 |
| Awards | - | 150 |
| Trips | - | 3,450 |
| Plant and machinery | 350 | 351 |
| Computer equipment | 401 | 401 |
| Miscellaneous expenses | 377 | 38 |
| Support costs | 11,160 | 12,401 |
| Governance costs | ||
| Accountancy and legal fees | 750 | 750 |
| Total resources expended | 19,636 | 45,983 |
| Net income/(expenditure) | 7,973 | (4,988) |
This page does not form part of the statutory financial statements
Page 12