St. Michaels Mount Community Association
Report and Accounts
31 March 2021
GREYDELLS ACCOUNTING SERVICES 129B HIGH STREET STEVENAGE HERTS SG1 3HS
St. Michaels Mount Community Association
Independent Examiners' report on the accounts for the year ended 31st March 2021 to the Trustees of St. Michaels Mount Community Association
Respective Responsibilities of Trustees and Examiner
As the charity's trustees you are responsible for the preparation of the accounts for the year ended 31st March 2021, set out on pages 2 to 4, and you consider that the Association is exempt from the audit requirement under section 43(2) of the Charities Act 1993.It is our rsponsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements,and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the financial statements.
Independent Examiners' Statement
In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Greydells Accounting Services Accountants
129b High Street Stevenage Herts SG1 3HS
21 June 2021
1
St. Michaels Mount Community Association Income and Expenditure Account for the year ended 31 March 2021
| Notes Income Rent Administrative expenses Operating (deficit)/surplus Retained (deficit)/surplus for the year |
2021 2020 £ £ 32,671 43,038 32,671 43,038 (8,521) (68,347) 24,150 (25,309) 24,150 (25,309) |
|---|---|
2
St. Michaels Mount Community Association Balance Sheet as at 31 March 2021
| Notes Investment Fund 2 Current assets Bank Current Account Cash in hand Debtors Creditors: amounts falling due within one year Net current assets Total assets Accumulated Fund 3 |
74,572 50 99 |
2021 £ 79,321 67,018 50 1,918 68,986 (1,707) 73,242 152,563 152,563 152,563 |
2021 £ 79,321 67,018 50 1,918 68,986 (1,707) 73,242 152,563 152,563 152,563 |
2020 £ 61,134 67,279 |
|---|---|---|---|---|
| 74,721 (1,479) |
||||
| 128,413 | ||||
| 128,413 | ||||
| 128,413 | ||||
| 152,563 | 128,413 |
Chairman
Approved by the trustees on 21 June 2021
3
St. Michaels Mount Community Association Notes to the Accounts at 31 March 2021
1 Accounting policies
Accounting convention
The accounts have been prepared under the historical cost convention.
2 Investment Fund
£ Value At 1 April 2020 £61,134.00 Add profit/Loss for the year £18,187.00 At 31 March 2021 £79,321.00
3 Accuumulated Fund
Value
At 1 April 2020 £128,413.00 Add Surplus/(-deficit) for the year £24,150.00 At 31 March 2021 £152,563.00
4
St. Michaels Mount Community Association Schedule to the Income and Expenditure Account for the year ended 31 March 2021
| Administrative expenses Employee costs: Pensions Telephone Insurance Stationery and postage Admin wages Rates, water & property services Gas & Electric Maintenance (Gain) Loss on Investments Sundry expenses Legal and professional costs: Accountancy fees Consultancy fees Total Administrative expenses |
2021 2020 £ £ 356 953 356 953 820 782 1,403 1,403 109 126 12,919 13,300 259 687 2,541 852 6,574 34,137 (18,187) 13,524 1,327 2,183 7,765 66,994 400 400 - - 400 400 8,521 68,347 |
|---|---|
St. Michaels Mount Community Association
Report and Accounts
31 March 2021
GREYDELLS ACCOUNTING SERVICES 129B HIGH STREET STEVENAGE HERTS SG1 3HS
St. Michaels Mount Community Association
Independent Examiners' report on the accounts for the year ended 31st March 2021 to the Trustees of St. Michaels Mount Community Association
Respective Responsibilities of Trustees and Examiner
As the charity's trustees you are responsible for the preparation of the accounts for the year ended 31st March 2021, set out on pages 2 to 4, and you consider that the Association is exempt from the audit requirement under section 43(2) of the Charities Act 1993.It is our rsponsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) (b) of the Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements,and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the financial statements.
Independent Examiners' Statement
In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Greydells Accounting Services Accountants
129b High Street Stevenage Herts SG1 3HS
21 June 2021
1
St. Michaels Mount Community Association Income and Expenditure Account for the year ended 31 March 2021
| Notes Income Rent Administrative expenses Operating (deficit)/surplus Retained (deficit)/surplus for the year |
2021 2020 £ £ 32,671 43,038 32,671 43,038 (8,521) (68,347) 24,150 (25,309) 24,150 (25,309) |
|---|---|
2
St. Michaels Mount Community Association Balance Sheet as at 31 March 2021
| Notes Investment Fund 2 Current assets Bank Current Account Cash in hand Debtors Creditors: amounts falling due within one year Net current assets Total assets Accumulated Fund 3 |
74,572 50 99 |
2021 £ 79,321 67,018 50 1,918 68,986 (1,707) 73,242 152,563 152,563 152,563 |
2021 £ 79,321 67,018 50 1,918 68,986 (1,707) 73,242 152,563 152,563 152,563 |
2020 £ 61,134 67,279 |
|---|---|---|---|---|
| 74,721 (1,479) |
||||
| 128,413 | ||||
| 128,413 | ||||
| 128,413 | ||||
| 152,563 | 128,413 |
Chairman
Approved by the trustees on 21 June 2021
3
St. Michaels Mount Community Association Notes to the Accounts at 31 March 2021
1 Accounting policies
Accounting convention
The accounts have been prepared under the historical cost convention.
2 Investment Fund
£ Value At 1 April 2020 £61,134.00 Add profit/Loss for the year £18,187.00 At 31 March 2021 £79,321.00
3 Accuumulated Fund
Value
At 1 April 2020 £128,413.00 Add Surplus/(-deficit) for the year £24,150.00 At 31 March 2021 £152,563.00
4
St. Michaels Mount Community Association Schedule to the Income and Expenditure Account for the year ended 31 March 2021
| Administrative expenses Employee costs: Pensions Telephone Insurance Stationery and postage Admin wages Rates, water & property services Gas & Electric Maintenance (Gain) Loss on Investments Sundry expenses Legal and professional costs: Accountancy fees Consultancy fees Total Administrative expenses |
2021 2020 £ £ 356 953 356 953 820 782 1,403 1,403 109 126 12,919 13,300 259 687 2,541 852 6,574 34,137 (18,187) 13,524 1,327 2,183 7,765 66,994 400 400 - - 400 400 8,521 68,347 |
|---|---|