REGISTERED CHARITY NUMBER: 281959
Report of the Trustees and
Financial Statements
for the Year Ended 30 April 2022
for
Kings Tamerton Community Association
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Kings Tamerton Community Association
Contents of the Financial Statements for the Year Ended 30 April 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
Kings Tamerton Community Association
Report of the Trustees for the Year Ended 30 April 2022
The trustees present their report with the financial statements of the charity for the year ended 30 April 2022. 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
281959
Principal address
Newton Avenue Kings Tamerton Plymouth Devon PL5 2BH
Trustees
Mrs J Dennis Mr S Dennis (resigned 19/1/2022) Mrs D Oram Mrs J Boulton Mrs M Jeffery (resigned 9/7/2022) Mr C Lynch (resigned 1/8/2022) Mr B Mills (resigned 1/2/2022) Mr J Neale (appointed 9/3/2022) Mrs M Jeffery (appointed 20/9/2022) Mr C Hanwell (appointed 20/9/2022) Mrs C Greep (appointed 3/5/2022) Mrs L Damarell (appointed 3/5/2022) Mrs A Romanski (appointed 24/1/2023) Mrs K Gillard (appointed 24/1/2023)
HOLDING TRUSTEES
The Holding Trustees who served the charity during the year were:-
Mr H Luscombe (died 22.08.2021) Mr T Taylor Mr D Winters
Independent Examiner
Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
Bankers
Lloyds TSB 8 Royal Parade Plymouth Devon PL1 1DS
Page 1
Kings Tamerton Community Association
Report of the Trustees for the Year Ended 30 April 2022
ACTIVITIES
The Covid-19 Pandemic has restricted the activities in the club. On the brief occasions that we were open in the year to 30 April 2021:-
-
The Monday evening bingo sessions continue to be held, during which we hold a raffle and sell 'lucky number cards' to raise funds for the centre. Tea/coffee and refreshments are served in the interval.
-
The regular Thursday coffee mornings including bingo session and refreshments continued whilst we were allowed to open and proved successful..
All other activities were stopped, but will re-commence when government legislation on the Coronavirus Outbreak allows.
USE OF FACILITIES
The Marine academy was closed for most of the year due to Covid-19.
OTHER MATTERS
We received Grants from Plymouth City Council totalling £14,143 and this is being used to help support the Community Centre through these very difficult times, including costs of the Furlough Payments and paying the ongoing bills.
Approved by order of the board of trustees on 27 March 2023 and signed on its behalf by:
Mrs J Dennis - Trustee
Page 2
Independent Examiner's Report to the Trustees of Kings Tamerton Community Association
Independent examiner's report to the trustees of Kings Tamerton Community Association
I report to the charity trustees on my examination of the accounts of Kings Tamerton Community Association (the Trust) for the year ended 30 April 2022.
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 Sheppards Accountants Limited 22 The Square The Millfields Plymouth Devon PL1 3JX
31 March 2023
Page 3
Kings Tamerton Community Association
Statement of Financial Activities for the Year Ended 30 April 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 543 Charitable activities Charitable activities 4,511 Income from non-charitable trading activities 17,150 Other trading activities 2 20,051 Investment income 3 17 Other income 245 Total 42,517 EXPENDITURE ON Raising funds 8,406 Charitable activities Charitable activities 18,108 Management and administration 100 Other 17,200 Total 43,814 NET INCOME/(EXPENDITURE) (1,297) RECONCILIATION OF FUNDS Total funds brought forward 247,580 TOTAL FUNDS CARRIED FORWARD 246,283 |
Restricted fund £ - - - - - - - - - - - - - 1,250 1,250 |
2022 Total funds £ 543 4,511 17,150 20,051 17 245 42,517 8,406 18,108 100 17,200 43,814 (1,297) 248,830 247,533 |
2021 Total funds £ - 130 14,143 2,196 109 - 16,578 541 15,418 - 30,814 46,773 (30,195) 279,025 248,830 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Kings Tamerton Community Association
Balance Sheet 30 April 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 191,222 CURRENT ASSETS Debtors 7 1,125 Cash at bank and in hand 54,798 55,923 CREDITORS Amounts falling due within one year 8 (862) NET CURRENT ASSETS 55,061 TOTAL ASSETS LESS CURRENT LIABILITIES 246,283 NET ASSETS 246,283 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 1,250 1,250 - 1,250 1,250 1,250 |
2022 Total funds £ 191,222 1,125 56,048 57,173 (862) 56,311 247,533 247,533 246,283 1,250 247,533 |
2021 Total funds £ 201,421 1,107 46,991 48,098 (689) 47,409 248,830 248,830 247,580 1,250 248,830 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 March 2023 and were signed on its behalf by:
Mrs J Dennis - Trustee
The notes form part of these financial statements
Page 5
Kings Tamerton Community Association
Notes to the Financial Statements for the Year Ended 30 April 2022
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.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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.
Long leasehold - Straight line over 50 years Fixtures and fittings - 20% Straight Line Computer equipment - 33.3% 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.
Page 6
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
2. OTHER TRADING ACTIVITIES
| Table top sales and similar activities Membership Fees Bingo receipts and raffles Lucky Numbers Coffee mornings Halloween Party Fun Day Birthday Party/Reopening Raffle Easter Raffle Ticket Sales 3. INVESTMENT INCOME Bank interest receivable 4. TRUSTEES' REMUNERATION AND BENEFITS Trustees' expenses During the year the charity paid expenses totalling £80 (2019 £364). 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable activities 130 Income from non-charitable trading activities 14,143 Other trading activities 2,196 Investment income 109 Total 16,578 EXPENDITURE ON Raising funds 541 Charitable activities Charitable activities 15,418 Other 30,814 Total 46,773 NET INCOME/(EXPENDITURE) (30,195) |
2022 £ 378 5,742 5,279 2,124 5,233 271 642 182 200 20,051 2022 £ 17 Restricted fund £ - - - - - - - - - - |
2021 £ - 120 277 165 1,634 - - - - 2,196 2021 £ 109 Total funds £ 130 14,143 2,196 109 16,578 541 15,418 30,814 46,773 (30,195) |
|---|---|---|
Page 7
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted funds £ RECONCILIATION OF FUNDS Total funds brought forward 277,775 TOTAL FUNDS CARRIED FORWARD 247,580 6. TANGIBLE FIXED ASSETS Fixtures Long and leasehold fittings £ £ COST At 1 May 2021 and 30 April 2022 306,760 90,895 DEPRECIATION At 1 May 2021 107,221 89,013 Charge for year 9,502 697 At 30 April 2022 116,723 89,710 NET BOOK VALUE At 30 April 2022 190,037 1,185 At 30 April 2021 199,539 1,882 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income |
continued Restricted fund £ 1,250 1,250 Computer equipment £ 438 438 - 438 - - 2022 £ 400 725 1,125 |
Total funds £ 279,025 248,830 Totals £ 398,093 196,672 10,199 206,871 191,222 201,421 2021 £ 400 707 1,107 |
|---|---|---|
Page 8
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 9. MOVEMENT IN FUNDS Unrestricted funds General fund Plymouth City Council Covid-19 Restricted funds Plymouth City Council TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Plymouth City Council Covid-19 Restricted funds Plymouth City Council TOTAL FUNDS |
At 1.5.21 £ 222,580 25,000 247,580 1,250 248,830 Incoming resources £ 42,517 42,517 At 1.5.20 £ 252,775 25,000 277,775 1,250 279,025 |
2022 2021 £ £ 862 689 Net movement At in funds 30.4.22 £ £ (1,297) 221,283 - 25,000 (1,297) 246,283 - 1,250 (1,297) 247,533 Resources Movement expended in funds £ £ (43,814) (1,297) (43,814) (1,297) Net movement At in funds 30.4.21 £ £ (30,195) 222,580 - 25,000 (30,195) 247,580 - 1,250 (30,195) 248,830 |
|---|---|---|
Page 9
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 16,578 TOTAL FUNDS 16,578 A current year 12 months and prior year 12 months combined position is as follows: At 1.5.20 £ Unrestricted funds General fund 252,775 Plymouth City Council Covid-19 25,000 277,775 Restricted funds Plymouth City Council 1,250 TOTAL FUNDS 279,025 |
Resources Movement expended in funds £ £ (46,773) (30,195) (46,773) (30,195) Net movement At in funds 30.4.22 £ £ (31,492) 221,283 - 25,000 (31,492) 246,283 - 1,250 (31,492) 247,533 |
|---|---|
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 | 59,095 (90,587) |
(31,492) |
| TOTAL FUNDS | 59,095 (90,587) |
(31,492) |
Page 10
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
10. RELATED PARTY DISCLOSURES
The charity is affiliated with Kings Tamerton Social Club (registered friendly society number 25746R). The club's objects state that it supports the objects, activities and finances of the charity.
11. EXCEPTIONAL ITEMS
INCOMING
The charity received Covid-19 Grants totalling £17,150, from Plymouth City Council during the year. These Funds are unrestricted.
The charity shared £7,000 of the grants with the Social Club as most of the grants were claimed by the charity on behalf of both committees.
Page 11
Kings Tamerton Community Association
Detailed Statement of Financial Activities for the Year Ended 30 April 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 372 | - |
| Admissions | 171 | - |
| Other trading activities | 543 | - |
| Table top sales and similar activities | 378 | - |
| Membership Fees | 5,742 | 120 |
| Bingo receipts and raffles | 5,279 | 277 |
| Lucky Numbers | 2,124 | 165 |
| Coffee mornings | 5,233 | 1,634 |
| Halloween Party | 271 | - |
| Fun Day | 642 | - |
| Birthday Party/Reopening Raffle | 182 | - |
| Easter Raffle Ticket Sales | 200 | - |
| Investment income | 20,051 | 2,196 |
| Bank interest receivable | 17 | 109 |
| Charitable activities | ||
| Hall Hire | 3,921 | 110 |
| Skittle Hire | 300 | 20 |
| Whist Club | 290 | - |
| Grants | 17,150 | 14,143 |
| Other income | 21,661 | 14,273 |
| Sundry income receipts | 245 | - |
| Total incoming resources | 42,517 | 16,578 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Rents | 2,950 | - |
| Other trading activities | ||
| Bingo supplies | 604 | 39 |
| Over 60s party costs | 479 | - |
| Fundraising costs | 4,173 | 502 |
| Lucky Number payouts | 200 | - |
| 5,456 | 541 |
This page does not form part of the statutory financial statements
Page 12
Kings Tamerton Community Association
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| for the Year Ended 30 April 2022 | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Other trading activities | |||
| Charitable activities | |||
| Rates and water | 652 | 1,180 | |
| Postage and stationery | 329 | 40 | |
| Sundries | 437 | 24 | |
| Repairs and renewals | 2,560 | 3,985 | |
| Clearing Drains & Cleaning | 518 | - | |
| Fire & security costs | 4,563 | 2,949 | |
| Halloween party | 132 | - | |
| Christmas party | 206 | - | |
| Fun Day | 335 | - | |
| Parties | - | 49 | |
| Other | 9,732 | 8,227 | |
| Long leasehold | 9,502 | 9,502 | |
| Fixtures and fittings | 698 | 912 | |
| Exceptional items | 7,000 | 20,400 | |
| Support costs | 17,200 | 30,814 | |
| Management | |||
| Insurance | 65 | - | |
| Governance costs | |||
| Insurance | 5,340 | 4,732 | |
| Telephone | 2,207 | 1,769 | |
| Accountancy and legal fees | 864 | 690 | |
| 8,411 | 7,191 | ||
| Total resources expended | 43,814 | 46,773 | |
| Net expenditure | (1,297) | (30,195) |
This page does not form part of the statutory financial statements
Page 13