2022-12-31-accounts - Kennet Valley Community Association

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KENNET VALLEY COMMUNITY ASSOCIATION

Registered Charity No. 285148 -

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

KENNET VALLEY COMMUNITY ASSOCIATION - Registered Charity No. 285148 -

TRUSTEEES AND ADVISORS

TRUSTEES

James Tull (Chairman) Karen Baldwin Sue Roddy

SECRETARY

Melvyn Nuccol

MEMBERSHIP SECRETARY

Karen Baldwin and Sue Roddy

MEMBERS REPRESENTATIVES

Yvonne Birks and Jeremy Jones

PRINCIPAL ADDRESS

The Holybrook Centre Holymead Fords Farm Reading RG31 7YT

ADVISORS

Independent Examiner

Chris Charlton Chris Charlton Ltd 29 Lower Golf Links Road Broadstone Dorset BH18 8BQ

BANKERS

Barclays Bank plc Mid Thames Group Reading Berkshire

CHARITY REGISTRATION NUMBER

285148

KENNET VALLEY COMMUNITY ASSOCIATION - Registered Charity No. 285148 -

REPORT OF THE TRUSTEES

The trustees submit their financial statements for the year ended 31 December 2022.

Legal Status

Kennet Valley Community Association is a registered charity with number 285148, governed by a Trust Deed dated 9 April 1979. The main objectives of the Association are the advancement of education and the provision of facilities in the interest of social welfare for recreation with the object of improving the living conditions of local inhabitants. The trustees have discretion to invest the monies of the charity as they see fit. When authorising the expenditure in respect of the above objectives, the trustees have considered the guidance from the Charity Commission on Public Benefit.

Governance

The Charity is managed by it's Trustees who meet monthly. New Trustees are recruited by advertising among the membership and are appointed by existing Trustees.

KVCA Charity Chairmans Report 2022

Another good year for KVCA. Hall booking good with some for 2024. All community groups (Cubs, Scouts, Brownies, Bingo) continue to use hall weekday evenings along with Caterpillars Pre-School during the day. Main expenditure has been renewal of floor coverings for both Hall and Bar.

Utility bills continue to be high, with a change of Electricity provider planned for 2023. Profits from KVC still at a reasonable level although Membership is still lower than pre-covid. Plans for 2023 include redecoration of Sports bar and further floor refurbishment.

We continue to survive and provide a vital Community asset.

Jim Tull Chairman

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KENNET VALLEY COMMUNITY ASSOCIATION

I report on the Accounts of the Association for the year ended 31 December 2022 which are set out on pages 4 to 6.

Respective responsibilitites of Trusteees and Examiner

As the Charity's Trustees, you are responsible for the preparation of the Accounts, you consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Chaity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the view given by the Accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(a) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance in section 130 of the Act, and
to prepare Accounts wich accord with the accounting records and to comply with the accounting requirements of the Act have not been met, or
(b) to which in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.

Chris Charlton Chris Charlton Ltd 29 Lower Golf Links road Broadstone Dorset

BH18 8BQ Date……………………………………………

KENNET VALLEY COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR THE YEAR ENDED 31 DECEMBER 2022
INCOMING RESOURCES Annual membership fees Hire of hall Grants and donations Bank interest KVC income 50/50 apportion bills Net KVC profit/(loss) - 2019 2021 2022 Rent RESOURCES EXPENDED Business rates Cleaning and domestic Membership contribution to KVC Repairs and renewals Improvements to flooring Security Building insurance Trustee's insurance Legal and professional Bookkeeping Electricity Gas Water Telephone Postage and stationery Performing Rights Society Sundries Depreciation TOTAL RESOURCES EXPENDED PROFIT/(DEFICIT) FOR THE YEAR	£ 5742 -5091 0 5277 8840 611 7087 2278 10930 16798 2430 2527 0 535 1300 12657 1644 822 932 18 334 285 13037	2022 £ 3437 14715 955 2 19109 14768 33877 74225 -40348	2021 £ 1776 7025 27741 0
			36542
			1856 0 23559 0 4930
			30345
			66887
			325 5017 1530 3630 0 2072 2350 254 510 1200 6150 3390 489 741 0 179 384 13037
			41258

			25629

KENNET VALLEY COMMUNITY ASSOCIATION BALANCE SHEET

31 DECEMBER 2022

31 DECEMBER 2022
FIXED ASSETS Tangible assets (note 2) CURRENT ASSETS Debtors and prepayments Cash and bank balances - business tracker/premium - current CREDITORS:Amounts falling due within one year Creditors and accrued charges NET CURRENT ASSETS GENERAL FUND ACCUMULATED FUND Profit/(Deficit) for the year Approved by: J Tull ………………………………………………… S Roddy …………………………………………………	£ 13274 935 14116 28325 2163 53443 -40348 ……………… ………………	2022 £ 75415 26162 101577 88482 13095 101577	2021 £ 88452
			29880 933 26527
			57340
			3867
			53473
			141925
			88482
			27814 25629
			53443

			141925

KENNET VALLEY COMMUNITY ASSOCIATION - Registered Charity No. 285148 -

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1) Accounting Policies

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards.

Depreciation

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its estimated useful life, on the following basis:

2)

Buildings : 4% on cost Furnishings : 25% on cost Fixed Assets Buildings COST As at 1 January 2022 325912 Additions As at 31 December 2022 325912 DEPRECIATION As at 1 January 2022 237460 Charge for the year 13037 As at 31 December 2022 250497 NET BOOK VALUE As at 31 December 2022 75415 As at 31 December 2021 88452	Fixtures & Furnishings 32852 32852 32852 0 32852 0 0	TOTAL 358764 0
		358764
		270312 13037
		283349
		75415
		88452