(HARITY
COMMISSION
Trustees, Annual Repoit
for the period
5e(lion A
Reference and administration details
(harity name
othei names the chadty Is known by
Regislered chailty numbef {11 any)
(l(1¢Y,5 prinupal addre55
P051code
Names ol the charity trustees who manage the (harlty
Iru5t•e Naffle
Offi¢¢ 01
Dot•s xl•d11 not I
Name ol person (OT body)
nthled to appolnt
trnslee (51 any)
*JS"f••
io
11
ts-JP.
12
13
14
15
16
17
18
19
20
Narnes ol the trustees IOF the chaiiiy. il any Ilor example, any (wb)dian twstee51
NaNbe
Dales arteO11 not lorwhole ye
Section A
Releience and administiation details (continued)
Names and addiesses ol ad¥iser5 (optional inlormaiion)
Type of adviser
Addrtss
Name ol chiel executive or ftames of sen[ stall membws lo
lo11 inlormat.
Section B
stiucture, governance and management
Oescilpiion ol Ihe charity's iiusts
Type ol goveining dotumenl
(eg irusi deed constitutlon
How the charity ts (Mslitvied
(eg iiu5t. association, company)
r4 SSOLI
Tru51ee selectlon methods
leg aPPOlllted by. elerted by)
Additional governance issues (optional Inlomlltion
You rnay rhoose lo include addltional
inloitnation, where ielevani, aboul-
. poll(les and procedures adopted loi the
Induction and Iraining ol twsieei.
. the charlty's organi5at10n slrtKture a1 afty
wldw network with which the tharlty woik%'
relatlonship with any related partk8'
tsusfees, consfjderatloD ol rnajor Fisks a1 t
syslem and prv(edwe5 to tm.
IY
Section C
Objectives and activitie5
Summary ol Ihe objEtts ol the Ihaiity set
out ITr its goveming docume
-Tr
Svmmèry of the main acti¥ittes
undeitakerÈ lor the public benefit in telaiion
to these objects (include within this seition
the slatvlory declaiation that trustees have
had regard to the guidance issued by the
Charity Commission on txjblic benefit)
Additional detalls ol objectives and activllles loptlwl inlornwiion)
You m4y choose to include full1
statements, wheie relevant. about..
policy on grantmaking..
' wll(y prograrnme rdaled Investment..
' conifibullon njde by vdunteers.
Section D
A(hievements and perloiman(e
Sumrnary ol main achievements ol the
charity dull year
Section E
Financial review
Biiel statement ol the
charity's poli(y on resei¥es
Y4 V¥
Detsils ol any funds Matla11¥ in defKit
Furthei financial revlew detalls loptlonal inlormatlon)
You rnay ch005e to include addittonal
Inlorfflation, where relevaftl. about..
the charity's piincipal sources of ltsnds
(Includlng any fundraising),.
. how expendllure ha5 5UPPNted the key
oblectlves ol the thorily.
. Inveslment pollcy and obffthes indlIJ
any ethical Investment p1¢Y adopled.
Se(lion F
oihef optional inloFmalion
Se(tion G
Declaration
The Iruslees declare that Ihey have app¥oved the truslees, iepori above
Signed on behalf of the charity's tiustees
snabe{$)
Full nory*ls)
Possl¥x¢ (eg Se(retary. thali. et£)
## **St. Michaels Mount Community Association**
Report and Accounts
31 March 2024
## _**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 2024 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 2024, 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
15 June 2024
1
**St. Michaels Mount Community Association Income and Expenditure Account for the year ended 31 March 2024**
|**Notes**
**Income**
Rent
NHDC Grant
**Administrative expenses**
**Operating (deficit)/surplus**
**Retained (deficit)/surplus for the year**|**2024**
**£**
43,300
-
43,300
(36,909)
6,391
6,391|**2023**
**£**
41,554
-|
|---|---|---|
|||41,554
(40,580)|
|||974|
|||974|
2
## **St. Michaels Mount Community Association Balance Sheet as at 31 March 2024**
|**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**|85,110
50
2,158|**2024**
**£**
92,503
82,157
50
2,007
84,214
(198)
86,594
179,097
179,097
179,097|**2024**
**£**
92,503
82,157
50
2,007
84,214
(198)
86,594
179,097
179,097
179,097|**2023**
**£**
88,690
84,016|
|---|---|---|---|---|
||87,318
(724)||||
||||||
|||||172,706|
|||||172,706|
|||||172,706|
|||179,097||172,706|
Chairman
Approved by the trustees on 15 June 2024
3
## **St. Michaels Mount Community Association Notes to the Accounts at 31 March 2024**
## **1 Accounting policies**
## **Accounting convention**
The accounts have been prepared under the historical cost convention.
## **2 Investment Fund**
**£ Value** At 1 April 2023 £88,690.00 Add profit/Loss for the year £3,813.00 At 31 March 2024 £92,503.00
## **3 Accuumulated Fund**
|**Value**
At 1 April 2023
Add Surplus/(-deficit) for the year
At 31 March 2024|£172,706.00
£6,391.00
£179,097.00|
|---|---|
4
**St. Michaels Mount Community Association Schedule to the Income and Expenditure Account for the year ended 31 March 2024**
|**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**|**2024**
**£**
996
996
1,128
1,309
108
437
13,272
1,009
5,390
16,063
(3,813)
610
35,513
400
400
36,909|**2023**
**£**
830|
|---|---|---|
|||830|
|||1,034
614
60
367
14,119
996
3,959
16,961
637
603|
|||39,350|
|||400|
|||400|
||||
|||40,580|
## **St. Michaels Mount Community Association**
Report and Accounts
31 March 2024
## _**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 2024 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 2024, 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
15 June 2024
1
**St. Michaels Mount Community Association Income and Expenditure Account for the year ended 31 March 2024**
|**Notes**
**Income**
Rent
NHDC Grant
**Administrative expenses**
**Operating (deficit)/surplus**
**Retained (deficit)/surplus for the year**|**2024**
**£**
43,300
-
43,300
(36,909)
6,391
6,391|**2023**
**£**
41,554
-|
|---|---|---|
|||41,554
(40,580)|
|||974|
|||974|
2
## **St. Michaels Mount Community Association Balance Sheet as at 31 March 2024**
|**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**|85,110
50
2,158|**2024**
**£**
92,503
82,157
50
2,007
84,214
(198)
86,594
179,097
179,097
179,097|**2024**
**£**
92,503
82,157
50
2,007
84,214
(198)
86,594
179,097
179,097
179,097|**2023**
**£**
88,690
84,016|
|---|---|---|---|---|
||87,318
(724)||||
||||||
|||||172,706|
|||||172,706|
|||||172,706|
|||179,097||172,706|
Chairman
Approved by the trustees on 15 June 2024
3
## **St. Michaels Mount Community Association Notes to the Accounts at 31 March 2024**
## **1 Accounting policies**
## **Accounting convention**
The accounts have been prepared under the historical cost convention.
## **2 Investment Fund**
**£ Value** At 1 April 2023 £88,690.00 Add profit/Loss for the year £3,813.00 At 31 March 2024 £92,503.00
## **3 Accuumulated Fund**
|**Value**
At 1 April 2023
Add Surplus/(-deficit) for the year
At 31 March 2024|£172,706.00
£6,391.00
£179,097.00|
|---|---|
4
**St. Michaels Mount Community Association Schedule to the Income and Expenditure Account for the year ended 31 March 2024**
|**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**|**2024**
**£**
996
996
1,128
1,309
108
437
13,272
1,009
5,390
16,063
(3,813)
610
35,513
400
400
36,909|**2023**
**£**
830|
|---|---|---|
|||830|
|||1,034
614
60
367
14,119
996
3,959
16,961
637
603|
|||39,350|
|||400|
|||400|
||||
|||40,580|