St. Michaels Mount Community Association
Report and Accounts
31 March 2022
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 2022 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 2022, 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
26 May 2022
1
St. Michaels Mount Community Association Income and Expenditure Account for the year ended 31 March 2022
| Notes Income Rent NHDC Grant Administrative expenses Operating (deficit)/surplus Retained (deficit)/surplus for the year |
2022 £ 39,798 9,500 49,298 (30,129) 19,169 19,169 |
2021 £ 32,671 - |
|---|---|---|
| 32,671 (8,521) |
||
| 24,150 | ||
| 24,150 |
2
St. Michaels Mount Community Association Balance Sheet as at 31 March 2022
| 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 |
78,463 50 5,322 |
2022 £ 89,327 74,572 50 99 74,721 (1,479) 82,405 171,732 171,732 171,732 |
2022 £ 89,327 74,572 50 99 74,721 (1,479) 82,405 171,732 171,732 171,732 |
2021 £ 79,321 73,242 |
|---|---|---|---|---|
| 83,835 (1,430) |
||||
| 152,563 | ||||
| 152,563 | ||||
| 152,563 | ||||
| 171,732 | 152,563 |
Chairman
Approved by the trustees on 26 May 2022
3
St. Michaels Mount Community Association Notes to the Accounts at 31 March 2022
1 Accounting policies
Accounting convention
The accounts have been prepared under the historical cost convention.
2 Investment Fund
Value At 1 April 2021 Add profit/Loss for the year At 31 March 2022
£ £79,321.00 £10,006.00 £89,327.00
3 Accuumulated Fund
Value At 1 April 2021 £152,563.00 Add Surplus/(-deficit) for the year £19,169.00 At 31 March 2022 £171,732.00
4
St. Michaels Mount Community Association Schedule to the Income and Expenditure Account for the year ended 31 March 2022
| Administrative expenses Employee costs: Pensions Telephone Insurance Stationery and postage Software Admin wages Rates, water & property services Gas & Electric Maintenance (Gain) Loss on Investments Sundry expenses Legal and professional costs: Accountancy fees Total Administrative expenses |
2022 £ 981 981 869 1,511 193 427 13,081 706 1,717 19,251 (10,006) 999 28,748 400 400 30,129 |
2021 £ 356 |
|---|---|---|
| 356 | ||
| 820 1,403 109 - 12,919 259 2,541 6,574 (18,187) 1,327 |
||
| 7,765 | ||
| 400 | ||
| 400 | ||
| 8,521 |
St. Michaels Mount Community Association
Report and Accounts
31 March 2022
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 2022 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 2022, 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
26 May 2022
1
St. Michaels Mount Community Association Income and Expenditure Account for the year ended 31 March 2022
| Notes Income Rent NHDC Grant Administrative expenses Operating (deficit)/surplus Retained (deficit)/surplus for the year |
2022 £ 39,798 9,500 49,298 (30,129) 19,169 19,169 |
2021 £ 32,671 - |
|---|---|---|
| 32,671 (8,521) |
||
| 24,150 | ||
| 24,150 |
2
St. Michaels Mount Community Association Balance Sheet as at 31 March 2022
| 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 |
78,463 50 5,322 |
2022 £ 89,327 74,572 50 99 74,721 (1,479) 82,405 171,732 171,732 171,732 |
2022 £ 89,327 74,572 50 99 74,721 (1,479) 82,405 171,732 171,732 171,732 |
2021 £ 79,321 73,242 |
|---|---|---|---|---|
| 83,835 (1,430) |
||||
| 152,563 | ||||
| 152,563 | ||||
| 152,563 | ||||
| 171,732 | 152,563 |
Chairman
Approved by the trustees on 26 May 2022
3
St. Michaels Mount Community Association Notes to the Accounts at 31 March 2022
1 Accounting policies
Accounting convention
The accounts have been prepared under the historical cost convention.
2 Investment Fund
Value At 1 April 2021 Add profit/Loss for the year At 31 March 2022
£ £79,321.00 £10,006.00 £89,327.00
3 Accuumulated Fund
Value At 1 April 2021 £152,563.00 Add Surplus/(-deficit) for the year £19,169.00 At 31 March 2022 £171,732.00
4
St. Michaels Mount Community Association Schedule to the Income and Expenditure Account for the year ended 31 March 2022
| Administrative expenses Employee costs: Pensions Telephone Insurance Stationery and postage Software Admin wages Rates, water & property services Gas & Electric Maintenance (Gain) Loss on Investments Sundry expenses Legal and professional costs: Accountancy fees Total Administrative expenses |
2022 £ 981 981 869 1,511 193 427 13,081 706 1,717 19,251 (10,006) 999 28,748 400 400 30,129 |
2021 £ 356 |
|---|---|---|
| 356 | ||
| 820 1,403 109 - 12,919 259 2,541 6,574 (18,187) 1,327 |
||
| 7,765 | ||
| 400 | ||
| 400 | ||
| 8,521 |