REGISTERED CHARITY NUMBER: 281959
Report of the Trustees and
Financial Statements
for the Year Ended 30 April 2024
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 2024
| 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 | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
Kings Tamerton Community Association
Report of the Trustees for the Year Ended 30 April 2024
The trustees present their report with the financial statements of the charity for the year ended 30 April 2024. 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 Mrs D Oram Mrs J Boulton Mr J Neale (resigned 30/6/2023) Mrs M Jeffery Mr C Hanwell Mrs C Greep Mrs A Romanski (resigned 31/10/2023) Mrs K Gillard
HOLDING TRUSTEES
The Holding Trustees who served the charity during the year were:-
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 2024
TRUSTEES' REPORT ACTIVITIES
The activities in the club are going from strength to strength
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 continue to be successful.
We were able to hold Table Top Sales and other similar activities.
We held various events including Fun Day, Easter Party, Halloween Party, Christmas party and celebrating the Kings Coronation.
USE OF FACILITIES
We receive rents from Whist Club, Musketeers, Nut Rockers, Photography Club.
The charity received the following Grants during the year.
-
£400 Plymouth City Councillors Grant towards the Funday
-
£500 Plymouth City Council towards Easter Disco.
-
£500 North Yard Trust for Coronation
-
£500 North Yard Trust for Children's Christmas Party
Approved by order of the board of trustees on 1 October 2024 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 2024.
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
8 October 2024
Page 3
Kings Tamerton Community Association
Statement of Financial Activities for the Year Ended 30 April 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 261 Charitable activities Charitable activities 4,360 Income from non-charitable trading activities - North Yard Community Trust Grants Used - Plymouth City Council Grants - Grants Used - Other trading activities 2 30,674 Investment income 3 6,195 Other income 100 Total 41,590 EXPENDITURE ON Raising funds 10,731 Charitable activities Charitable activities 26,304 Plymouth City Council Grants - Grants Used - Other 28,405 Total 65,440 NET INCOME/(EXPENDITURE) (23,850) RECONCILIATION OF FUNDS Total funds brought forward 225,658 TOTAL FUNDS CARRIED FORWARD 201,808 |
Restricted funds £ - - - 1,000 900 - - - 1,900 - - - - - 1,900 - 1,900 |
2024 Total funds £ 261 4,360 - 1,000 900 30,674 6,195 100 43,490 10,731 26,304 - 28,405 65,440 (21,950) 225,658 203,708 |
2023 Total funds £ 465 4,461 1,300 - - 21,798 242 241 28,507 8,343 25,264 1,550 15,225 50,382 (21,875) 247,533 225,658 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Kings Tamerton Community Association
Balance Sheet 30 April 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 172,705 CURRENT ASSETS Debtors 7 740 Cash at bank and in hand 29,239 29,979 CREDITORS Amounts falling due within one year 8 (876) NET CURRENT ASSETS 29,103 TOTAL ASSETS LESS CURRENT LIABILITIES 201,808 NET ASSETS 201,808 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 1,900 1,900 - 1,900 1,900 1,900 |
2024 Total funds £ 172,705 740 31,139 31,879 (876) 31,003 203,708 203,708 201,808 1,900 203,708 |
2023 Total funds £ 183,109 732 43,093 43,825 (1,276) 42,549 225,658 225,658 225,658 - 225,658 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 1 October 2024 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 2024
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 exemption 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 2024
2. OTHER TRADING ACTIVITIES
| Table top sales and similar activities Membership Fees Bingo receipts and raffles Lucky Numbers Coronation Coffee mornings Halloween Party Fun Day 40th Anniversary Easter Disco/Party Roast Takings 3. INVESTMENT INCOME Bank interest receivable Exceptional items 4. TRUSTEES' REMUNERATION AND BENEFITS Trustees' expenses During the year the charity paid expenses totalling £360 (2023 £80). 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 465 Charitable activities Charitable activities 4,461 Income from non-charitable trading activities - Other trading activities 21,798 Investment income 242 Other income 241 Total 27,207 EXPENDITURE ON Raising funds 7,343 |
2024 £ 124 4,903 9,711 4,346 488 9,491 247 761 381 222 - 30,674 2024 £ 822 5,373 6,195 Restricted funds £ - - 1,300 - - - 1,300 1,000 |
2023 £ 1,135 5,196 7,040 1,896 - 6,123 - 111 131 - 166 21,798 2023 £ 242 - 242 Total funds £ 465 4,461 1,300 21,798 242 241 28,507 8,343 |
|---|---|---|
Page 7
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL Charitable activities Charitable activities Plymouth City Council Grants - Grants Used Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS Long leasehold £ COST At 1 May 2023 and 30 April 2024 306,760 DEPRECIATION At 1 May 2023 126,225 Charge for year 9,501 At 30 April 2024 135,726 NET BOOK VALUE At 30 April 2024 171,034 At 30 April 2023 180,535 |
ACTIVITIES - Unrestricted funds £ 25,264 - 15,225 47,832 (20,625) 246,283 225,658 Fixtures and fittings £ 93,508 90,934 903 91,837 1,671 2,574 |
continued Restricted funds £ - 1,550 - 2,550 (1,250) 1,250 - Computer equipment £ 438 438 - 438 - - |
Total funds £ 25,264 1,550 15,225 50,382 (21,875) 247,533 225,658 Totals £ 400,706 217,597 10,404 228,001 172,705 183,109 |
|---|---|---|---|
Page 8
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 9) Other creditors 9. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 10. MOVEMENT IN FUNDS At 1.5.23 £ Unrestricted funds General fund 200,658 Plymouth City Council Covid-19 25,000 225,658 Restricted funds North Yard Community Trust - Plymouth City Council - - TOTAL FUNDS 225,658 |
2024 £ 740 2024 £ - 876 876 2024 £ - Net movement in funds £ (23,850) - (23,850) 1,000 900 1,900 (21,950) |
2023 £ 732 2023 £ 408 868 1,276 2023 £ 408 At 30.4.24 £ 176,808 25,000 201,808 1,000 900 1,900 203,708 |
|---|---|---|
Page 9
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 41,590 Restricted funds North Yard Community Trust 1,000 Plymouth City Council 900 1,900 TOTAL FUNDS 43,490 Comparatives for movement in funds At 1.5.22 £ Unrestricted funds General fund 221,283 Plymouth City Council Covid-19 25,000 246,283 Restricted funds Plymouth City Council 1,250 TOTAL FUNDS 247,533 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 27,207 Restricted funds North Yard Community Trust 500 Plymouth City Council 800 1,300 TOTAL FUNDS 28,507 |
Resources Movement expended in funds £ £ (65,440) (23,850) - 1,000 - 900 - 1,900 (65,440) (21,950) Net movement At in funds 30.4.23 £ £ (20,625) 200,658 - 25,000 (20,625) 225,658 (1,250) - (21,875) 225,658 Resources Movement expended in funds £ £ (47,832) (20,625) (500) - (2,050) (1,250) (2,550) (1,250) (50,382) (21,875) |
|---|---|
Page 10
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Plymouth City Council Covid-19 Restricted funds North Yard Community Trust Plymouth City Council TOTAL FUNDS |
At 1.5.22 £ 221,283 25,000 246,283 - 1,250 1,250 247,533 |
Net movement in funds £ (44,475) - (44,475) 1,000 (350) 650 (43,825) |
At 30.4.24 £ 176,808 25,000 201,808 1,000 900 1,900 203,708 |
|---|---|---|---|
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 Movement resources expended in funds £ £ £ |
|---|---|
| General fund | 68,797 (113,272) (44,475) |
| Restricted funds | |
| North Yard Community Trust | 1,500 (500) 1,000 |
| Plymouth City Council | 1,700 (2,050) (350) |
| 3,200 (2,550) 650 |
|
| TOTAL FUNDS | 71,997 (115,822) (43,825) |
11. 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.
Page 11
Kings Tamerton Community Association
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
12. EXCEPTIONAL ITEMS
INCOMING
The charity received the following Grants during the year. These Funds are restricted:-
-
03/08/2023 - £400 Plymouth City Councillors Grant towards the Funday
-
04/03/2024 - £500 Plymouth City Council towards Easter Disco.
-
03/06/2023 - £500 North Yard Trust for Coronation
-
30/11/2023 - £500 North Yard Trust for Children's Christmas Party
The Charity received £2,390 from Aviva Insurance to cover the cost of repairing the leaking roof.
OUTGOING
The charity gave the following amounts to Kings Tamerton Social Club Ltd to help with bills. the Social Club paid some of this back as follows:-.
- 20/07/2023 £1,000 - 25/07/2023 £14,000 - 26/03/2024 £4,000
-----------£19,000 2 x £500 (£1,000) ------------In Accounts £18,000 =======
The Charity paid Bird and Howes Business Consultants to £1,742.45 to have the Business Rates reviewed and as a result received a Rates refund of £2,983.16.
Page 12
Kings Tamerton Community Association
Detailed Statement of Financial Activities for the Year Ended 30 April 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | - | 80 |
| Admissions | 261 | 385 |
| Other trading activities | 261 | 465 |
| Table top sales and similar activities | 124 | 1,135 |
| Membership Fees | 4,903 | 5,196 |
| Bingo receipts and raffles | 9,711 | 7,040 |
| Lucky Numbers | 4,346 | 1,896 |
| Coronation | 488 | - |
| Coffee mornings | 9,491 | 6,123 |
| Halloween Party | 247 | - |
| Fun Day | 761 | 111 |
| 40th Anniversary | 381 | 131 |
| Easter Disco/Party | 222 | - |
| Roast Takings | - | 166 |
| Investment income | 30,674 | 21,798 |
| Bank interest receivable | 822 | 242 |
| Exceptional items | 5,373 | - |
| Charitable activities | 6,195 | 242 |
| Hall Hire | 3,430 | 3,851 |
| Skittle Hire | 490 | 260 |
| Whist Club | 440 | 350 |
| Grants | 1,900 | 1,300 |
| Other income | 6,260 | 5,761 |
| Sundry income receipts | 100 | 241 |
| Total incoming resources | 43,490 | 28,507 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Rents | 2,360 | 2,360 |
| Other trading activities | ||
| Bingo supplies | 1,153 | 94 |
| Carried forward | 1,153 | 94 |
This page does not form part of the statutory financial statements
Page 13
Kings Tamerton Community Association
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| for the Year Ended 30 April 2024 | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Other trading activities | |||
| Brought forward | 1,153 | 94 | |
| Over 60s party costs | 636 | - | |
| Fundraising costs | 6,582 | 5,889 | |
| Charitable activities | 8,371 | 5,983 | |
| Wages | 3,923 | 1,644 | |
| Rates and water | 319 | 1,025 | |
| Light and heat | 610 | - | |
| Postage and stationery | 311 | 1,028 | |
| Sundries | 762 | 213 | |
| Repairs and renewals | 5,347 | 11,797 | |
| Clearing Drains & Cleaning | 161 | 489 | |
| Fire & security costs | 1,986 | 1,459 | |
| Halloween party | 404 | 78 | |
| Christmas party | 571 | 495 | |
| Fun Day | 677 | 407 | |
| Parties | 155 | 37 | |
| Other | 15,226 | 18,672 | |
| Long leasehold | 9,502 | 9,502 | |
| Fixtures and fittings | 903 | 1,223 | |
| Exceptional items | 18,000 | 4,500 | |
| Support costs | 28,405 | 15,225 | |
| Governance costs | |||
| Insurance | 6,609 | 5,847 | |
| Telephone | 1,851 | 1,425 | |
| Accountancy and legal fees | 876 | 870 | |
| Professional Fees | 1,742 | - | |
| 11,078 | 8,142 | ||
| Total resources expended | 65,440 | 50,382 | |
| Net expenditure | (21,950) | (21,875) |
This page does not form part of the statutory financial statements
Page 14