REGISTERED CHARITY NUMBER: 282823
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Merley Community Association
Birkett & Co Ltd 186b Lower Blandford Road Broadstone Dorset BH18 8DP
Merley Community Association
Contents of the Financial Statements for the Year Ended 31 March 2021
| 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 10 |
| Detailed Statement of Financial Activities | 11 |
Merley 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote the benefit of the inhabitants of Merley and the neighbourhood, without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure‐time occupation with the object of improving the conditions of life for the said inhabitants.
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
282823
Principal address
160 Lynwood Drive Merley Poole Dorset BH21 1UU
Trustees
M Stevens Chairman P Spedding Secretary M Bodimeade Treasurer
Independent Examiner
Birkett & Co Ltd 186b Lower Blandford Road Broadstone Dorset BH18 8DP
Page 1
Merley Community Association
Report of the Trustees for the Year Ended 31 March 2021
Approved by order of the board of trustees on 15 April 2021 and signed on its behalf by:
M Stevens ‐ Trustee
Page 2
Independent Examiner's Report to the Trustees of Merley Community Association
Independent examiner's report to the trustees of Merley Community Association
I report to the charity trustees on my examination of the accounts of Merley 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:
-
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.
Joseph Knott FMAAT Birkett & Co Ltd 186b Lower Blandford Road Broadstone Dorset BH18 8DP
15 April 2021
Page 3
Merley Community Association
Statement of Financial Activities for the Year Ended 31 March 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 46,298 Investment income 2 7,953 Total 54,251 EXPENDITURE ON Other 18,914 NET INCOME 35,337 RECONCILIATION OF FUNDS Total funds brought forward 63,965 TOTAL FUNDS CARRIED FORWARD 99,302 |
2020 Total funds £ ‐ 33,841 |
|---|---|
| 33,841 30,634 |
|
| 3,207 60,758 |
|
| 63,965 |
The notes form part of these financial statements
Page 4
Merley Community Association
Balance Sheet 31 March 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 1,133 Cash at bank 99,063 100,196 CREDITORS Amounts falling due within one year 6 (894) NET CURRENT ASSETS 99,302 TOTAL ASSETS LESS CURRENT LIABILITIES 99,302 NET ASSETS 99,302 FUNDS 7 Unrestricted funds 99,302 TOTAL FUNDS 99,302 |
2020 Total funds £ 1,148 63,937 65,085 (1,120) 63,965 63,965 63,965 63,965 63,965 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 April 2021 and were signed on its behalf by:
M Stevens ‐ Trustee
The notes form part of these financial statements
Page 5
Merley 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.
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.
continued...
Page 6
Merley Community Association
Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2021
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Rents received | 7,953 | 33,841 |
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. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Investment income | 33,841 |
| EXPENDITURE ON | |
| Other | 30,634 |
| NET INCOME | 3,207 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 60,758 |
| TOTAL FUNDS CARRIED FORWARD | 63,965 |
continued...
Page 7
Merley Community Association
Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2021
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| £ | £ | |||
| Prepayments | 1,133 | 1,148 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Other creditors | 894 | 1,120 | ||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/4/20 | in funds | 31/3/21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 63,965 | 35,337 | 99,302 | |
| TOTAL FUNDS | 63,965 | 35,337 | 99,302 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 54,251 | (18,914) | 35,337 | |
| TOTAL FUNDS | 54,251 | (18,914) | 35,337 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1/4/19 | in funds | 31/3/20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 60,758 | 3,207 | 63,965 | |
| TOTAL FUNDS | 60,758 | 3,207 | 63,965 |
continued...
Page 8
Merley Community Association
Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2021
7. 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 | 33,841 | (30,634) | 3,207 |
| TOTAL FUNDS | 33,841 | (30,634) | 3,207 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/19 | in funds | 31/3/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 60,758 | 38,544 | 99,302 |
| TOTAL FUNDS | 60,758 | 38,544 | 99,302 |
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 | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 88,092 | (49,548) | 38,544 |
| TOTAL FUNDS | 88,092 | (49,548) | 38,544 |
continued...
Page 9
Merley Community Association
Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2021
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 10
Merley Community Association
| Detailed Statement of Financial Activities for the Year Ended 31 March 2021 INCOME AND ENDOWMENTS Donations and legacies Donations Covid Grants Investment income Rents received Total incoming resources EXPENDITURE Other Insurance Repairs & renewals General maintenance Subscriptions Waste disposal Support costs Management Rent and rates Light and heat Post, stationery and telephone Legal and professional fees Cleaning Governance costs Accountancy and legal fees Total resources expended Net income |
2021 £ 6,798 39,500 46,298 7,953 54,251 2,281 6,208 1,892 180 205 10,766 1,478 1,384 666 ‐ 4,037 7,565 583 18,914 35,337 |
2020 £ ‐ ‐ |
|---|---|---|
| ‐ 33,841 |
||
| 33,841 2,283 1,187 9,100 ‐ ‐ |
||
| 12,570 24 4,194 500 1,826 10,950 |
||
| 17,494 570 |
||
| 30,634 | ||
| 3,207 |
This page does not form part of the statutory financial statements
Page 11