**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: 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 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