**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: 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. 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