## 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
1
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
2
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……………………………………………
3
## 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|
4
## 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|
|||||
5
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|
6