**REGISTERED CHARITY NUMBER: 280128** ## **Report of the Trustees and** ## **Financial Statements** **for the Year Ended 31 March 2023** ## **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 2023** |||**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|| **St Budeaux Community Association** ## **Report of the Trustees for the Year Ended 31 March 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 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). ## **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 Mrs M Whammond ## **Independent Examiner** Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX Approved by order of the board of trustees on 12 August 2024 and signed on its behalf by: M/s V Anstice - 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 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. Mr. Ian sheppard Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX 14 August 2024 Page 2 **St Budeaux Community Association** ## **Statement of Financial Activities for the Year Ended 31 March 2023** |Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Plymouth City Counci
-
-
Plymouth City Council Covid Grant
500
-
Other trading activities
2
47,771
-
**Total**
48,271
-
**EXPENDITURE ON**
Raising funds
27,747
-
**Charitable activities**
Plymouth City Council Covid Grant
1,119
-
Other
7,064
-
**Total**
35,930
-
**NET INCOME/(EXPENDITURE)**
12,341
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
(4,905)
7,114
**TOTAL FUNDS CARRIED FORWARD**
7,436
7,114|2023
Total
funds
£
-
500
47,771
48,271
27,747
1,119
7,064
35,930
12,341
2,209
14,550|2022
Total
funds
£
969
10,000
12,019
22,988
23,691
-
10,133
33,824
(10,836)
13,045
2,209| |---|---|---| The notes form part of these financial statements Page 3 ## **St Budeaux Community Association** ## **Balance Sheet 31 March 2023** |Unrestricted
Restricted
fund
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
6
1,233
1,204
**CURRENT ASSETS**
Cash at bank and in hand
13,563
5,941
**CREDITORS**
Amounts falling due within one year
7
(7,360)
(31)
**NET CURRENT ASSETS**
6,203
5,910
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
7,436
7,114
**NET ASSETS**
7,436
7,114
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2023
Total
funds
£
2,437
19,504
(7,391)
12,113
14,550
14,550
7,436
7,114
14,550|2022
Total
funds
£
2,257
7,343
(7,391)
(48)
2,209
2,209
(4,905)
7,114
2,209| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 12 August 2024 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 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. ## **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 2023** ## **2. OTHER TRADING ACTIVITIES** |Regular & casual hire
Franchisee
Exceptional items|2023
£
1,575
46,196
-
47,771|2022
£
5,204
4,857
1,958
12,019| |---|---|---| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **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**
**Charitable activities**
Plymouth City Counci
969
Plymouth City Council Covid Grant
10,000
Other trading activities
12,019
**Total**
22,988
**EXPENDITURE ON**
Raising funds
23,691
Other
10,133
**Total**
33,824
**NET INCOME/(EXPENDITURE)**
(10,836)|2023
1
1
2
Restricted
funds
£
-
-
-
-
-
-
-
-|2022
1
1
2
Total
funds
£
969
10,000
12,019
22,988
23,691
10,133
33,824
(10,836)| |---|---|---| Page 6 **St Budeaux Community Association** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** |**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|| |---|---|---|---|---|---|---| ||||Unrestricted||Restricted|Total| |||||fund|funds|funds| |||||£|£|£| ||**RECONCILIATION OF FUNDS**|||||| ||Total funds brought forward|||5,931|7,114|13,045| ||**TOTAL FUNDS CARRIED FORWARD**|||(4,905)|7,114|2,209| |**6.**|**TANGIBLE FIXED ASSETS**|||||| ||**COST**|Plant and
machinery
£|Fixtures
and
fittings
£||Computer
equipment
£|Totals
£| ||At 1 April 2022|3,496||8,489|2,005|13,990| ||Additions|1,600||-|-|1,600| ||At 31 March 2023|5,096||8,489|2,005|15,590| ||**DEPRECIATION**|||||| ||At 1 April 2022|1,640||8,489|1,604|11,733| ||Charge for year|1,019||-|401|1,420| ||At 31 March 2023|2,659||8,489|2,005|13,153| ||**NET BOOK VALUE**|||||| ||At 31 March 2023|2,437||-|-|2,437| ||At 31 March 2022|1,856||-|401|2,257| |**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| ||Bank loans and overdrafts (see note 8)||||2023
£
4,979|2022
£
4,979| ||Other creditors||||2,412|2,412| ||||||7,391|7,391| |**8.**|**LOANS**|||||| ||An analysis of the maturity of loans is given below:|||||| ||Amounts falling due within one year on demand:||||2023
£|2022
£| ||Bank overdrafts||||4,979|4,979| |||||||| Page 7 **St Budeaux Community Association** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **9. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||||| |---|---|---|---|---|---| ||||Net||| ||||movement||At| ||At 1.4.22||in funds|31.3.23|| |||£|£||£| |**Unrestricted funds**|||||| |General fund||(4,905)|12,341||7,436| |**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**||2,209|12,341||14,550| |Net movement in funds, included in the above are as follows:|||||| |**Unrestricted funds**|Incoming
resources
£||Resources
expended
£|Movement
in funds
£|| |General fund||48,271|(35,930)||12,341| |**TOTAL FUNDS**||48,271|(35,930)||12,341| |**Comparatives for movement in funds**|||||| |**Unrestricted funds**|At 1.4.21
£||Net
movement
in funds
£|At
31.3.22
£|| |General fund||5,931|(10,836)||(4,905)| |**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**||13,045|(10,836)||2,209| Page 8 ## **St Budeaux Community Association** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **9. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|22,988|(33,824)|(10,836)| |**TOTAL FUNDS**|22,988|(33,824)|(10,836)| |A current year 12 months and prior year 12|months combined position is as follows:||| |**Unrestricted funds**|At 1.4.21
£|Net
movement
in funds
£|At
31.3.23
£| |General fund|5,931|1,505|7,436| |**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**|13,045|1,505|14,550| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**|Incoming
Resources
resources
expended
£
£|Movement
in funds
£| |---|---|---| |General fund|71,259
(69,754)|1,505| |**TOTAL FUNDS**|71,259
(69,754)|1,505| Page 9 **St Budeaux Community Association** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. Page 10 **St Budeaux Community Association** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2023** ||2023|2022| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Other trading activities**||| |Regular & casual hire|1,575|5,204| |Franchisee|46,196|4,857| |Exceptional items|-|1,958| |**Charitable activities**|47,771|12,019| |Grants|500|10,969| |**Total incoming resources**|48,271|22,988| |**EXPENDITURE**||| |**Other trading activities**||| |Wages|4,741|12,725| |Catering costs|-|106| |Rates and water|5,497|2,138| |Insurance|2,829|2,487| |Light and heat|14,680|4,460| |Bar Costs|-|658| |**Other**|27,747|22,574| |Telephone|1,739|1,783| |Printing and stationery|335|117| |Licences|343|497| |Repairs and renewals|1,058|5,308| |Cleaning materials|232|247| |Waste disposal|1,147|1,051| |Depreciation of tangible fixed assets|1,420|1,099| |Miscellaneous expenses|40|31| |**Support costs**|6,314|10,133| |**Finance**||| |Bank charges|14|7| |**Governance costs**||| |Accountancy and legal fees|1,855|1,110| |Total resources expended|35,930|33,824| |**Net income/(expenditure)**|12,341|(10,836)| This page does not form part of the statutory financial statements Page 11