North East Mitcham Community Association
Edenvale Place
49 Woodland Way,
Mitcham, Surrey, CR4 2DZ.
Registered Charity No: 288659.
Financial Statements for the year ended 31st March 2024.
NORTH EAST MITCHAM COMMUNITY ASSOCIATION
Registered Charity No: 288659.
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
NORTH EAST MITCHAM COMMUNITY ASSOCIATION
Independent Examiners Report to the Trustees of North East Mitcham Community Association On accounts for the year ended 31st March 2024. Charity Number: 288659.
I report on the accounts of the Association for the year ended 31st March 2024, which are set out on pages
Respective responsibilities of trustees and examiner.
The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act").
The chariy's trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
a) examine the accounts under section 145 of the Act,
b) to follow the applicable Directions given by The Charity Commission under section 145(5)(b) of the Act, and c) to state whether particular matters have come to my attention.
Basis of the independent examiners' 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 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 any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In the course of our examination, no matters have come to my attention which gives me cause to believe that, in any material respect,:
the accounting records werer not kept in accordance with section 130 of the Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the appicable requirements concerning the form and content of accounts set out in the Charities (Acoounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signature…………………………………………Date…………………….
James Duncan, 47 Glastonbury Road, Morden, Morden, Surrey, SM4 6NU.
Page 3
NORTH EAST MITCHAM COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND EXPENDITURE
| Unrestric- | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| ted Funds | Funds | Funds | Funds | ||
| 2024 | 2024 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Voluntary Income | |||||
| Membership Fees/Subscriptions | 0 | 0 | 0 | 1086 | |
| Activities for Generating Funds | |||||
| Bank Deposit Interest | 0 | 0 | 0 | 13 | |
| Fundraising Income | 3 | 6445 | 0 | 6445 | 5137 |
| Rental Income | 3A | 22717 | 0 | 22717 | 22717 |
| Incoming Resources from Charitable Activities | |||||
| Grants Income | 4 | 1054 | 55101 | 56155 | 48730 |
| Fees Income | 5 | 4374 | 0 | 4374 | 39997 |
| Sundry Income | 6 | 0 | 0 | 0 | 2176 |
| TOTAL INCOMING RESOURCES | 34590 | 55101 | 89691 | 119856 | |
| Cost of Generating Funds | |||||
| Fundraising and Publicity | 7 | 939 | 0 | 939 | 137 |
| Direct Charitable Expenditure | 8 | 17138 | 34376 | 51514 | 102348 |
| Governance Costs | 9 | 0 | 0 | 0 | 0 |
| Management and Administration | 10 | 13687 | 2252 | 15939 | 15484 |
| TOTAL RESOURCES EXPENDED | 31764 | 36628 | 68392 | 117969 | |
| NET RESOURCES | 2826 | 18473 | 21299 | 1887 | |
| Transfer of Funds | 0 | 0 | 0 | 0 | |
| NET MOVEMENT IN FUNDS | 2826 | 18473 | 21299 | 1887 | |
| Fund Balances b/f at 1 April 2023 | 50973 | 15931 | 66904 | 66904 | |
| Fund Balances c/f at 31 March 2024 | 53799 | 34404 | 88203 | 68791 |
NORTH EAST MITCHAM COMMUNITY ASSOCIATION
BALANCE SHEET AS AT 31 MARCH 2024
| Notes FIXED ASSETS Tangible Fixed Assets 11 CURRENT ASSETS Cash at Bank and in Hand 12 CREDITORS - Amounts falling due within one year 13 NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted Funds: General & Designated 14 Restricted Funds 14 |
2024 2024 2023 2023 £ £ £ £ 309 309 309 309 93781 61474 93781 61474 0 0 93781 61474 94090 61783 41145 40712 41145 40712 41260 21115 82405 61827 |
|---|---|
Approved by the Trustees on…………………………. and signed on their behalf by………………………………
NORTH EAST MITCHAM COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1.1 Basis of Accounting
The financial statements have been prepared in accordance with the Statement of Recommended Practice, 'Accounting and Reporting by Charities', revised in 2005
1.2 Accounting Convention
The financial statements are prepared under the historical cost covention and in accordance with applicable accounting standards.
1.3 Income
Income from grants, subscriptions, donations, contributions etc represents the amounts receivable in respect of the year.
1.4 Charitable Expenditure
Expenditure on charitable purposes is analysed into the main cost components of the objects of the charity.
1.5 Governance Costs
Governance costs include all expenditure not directly attributable to the charitable expenditure within the financial statements.
1.6 Taxation Status
As a registered charity, North East Mitcham Community Association is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988
or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No charges have arisen in the Charity.
2. TANGIBLE FIXED ASSETS
(1) The freehold property belongs to the London Borough of Merton.
(2) Depreciation is calculated to write off the cost or valuation of tangible fixed assets over their estimated useful lives, using the reducing balance method.
The rates of depreciation applied during the year are detailed below: Centre Equipment 25% Worley Hall Equipment 25% Playscheme Equipment 25% Container Equipment 25%
NORTH EAST MITCHAM COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
3. FUNDRAISING INCOME
| Miscellaneous Activities 3A. RENTAL INCOME Hall Hire Income 4. GRANTS INCOME LB of Merton: Main Grant Other Grants: Misc Grant Restricted Grants Income HMRC 5. FEES INCOME Classes Fees: Youth Club/Juice Bar YAH Zumba Playgroup Coffee and Crayons Miscellaneous Classes Income Fish and Chips Income Membership Fees |
Unrestric- Restricted Total Total ted Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 6445 0 6445 5137 6445 0 6445 5137 Unrestric- Restricted Total Total ted Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 22717 0 22717 15159 22717 0 22717 15159 Unrestric- Restricted Total Total ted Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 0 42684 42684 41380 1054 0 1054 2000 0 12417 12417 5350 0 0 0 0 1054 55101 56155 48730 Unrestric- Restricted Total Total ted Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 193 0 193 1885 1045 0 1045 3233 231 0 231 0 0 0 0 24642 578 0 578 979 1467 0 1467 8243 555 0 555 1015 305 0 305 4374 0 4374 39997 |
|---|---|
NORTH EAST MITCHAM COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
6. SUNDRY INCOME
| Unrestric- | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| ted Funds | Funds | Funds | Funds | ||
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Deposits | 0 | 0 | 0 | 948 | |
| Others/Misc. | 0 | 0 | 0 | 1228 | |
| 0 | 0 | 0 | 2176 | ||
| 7. FUNDRAISING AND PUBLICITY | |||||
| Sundry Fundraising | Expenses | Unrestric- ted Funds 2024 £ 474 |
Restricted Funds 2024 £ 0 |
Total Funds 2024 £ 474 |
Total Funds 2023 £ 62 |
| Sundry Publicity Expenses | 191 | 0 | 191 | 75 | |
| Others/Misc | 274 | 0 | 274 | 0 | |
| 939 | 0 | 939 | 137 | ||
| 8. DIRECT CHARITABLE EXPENDITURE | |||||
| Premises Costs | Unrestric'd 2024 £ 1895 |
Restricted 2024 £ 0 |
Total 2024 £ 1895 |
Total 2023 £ 1047 |
|
| Salaries and Wages | (including Pensions) | 6238 | 33420 | 39658 | 43555 |
| Redundancy Payments | 0 | 0 | 0 | 13116 | |
| Membership Fees/Subscriptions | 0 | 0 | 0 | 295 | |
| Cleaning and Gardening | 530 | 0 | 530 | 6573 | |
| Classes Expenses | 6568 | 0 | 6568 | 3732 | |
| Youth Club | 1740 | 0 | 1740 | 2414 | |
| Playgroup Expenses | 0 | 0 | 0 | 26955 | |
| Water Rates | 0 | 0 | 0 | 1062 | |
| Bags for Life | 0 | 0 | 0 | 880 | |
| Co-Op | 0 | 0 | 0 | 1752 | |
| YAH | 0 | 956 | 956 | 464 | |
| Furzedown | 0 | 0 | 0 | 0 | |
| Deposits | 0 | 0 | 0 | 400 | |
| Depreciation | 167 | 0 | 167 | 103 | |
| 17138 | 34376 | 51514 | 102348 |
NORTH EAST MITCHAM COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
9. GOVERNANCE COSTS
| 9. GOVERNANCE COSTS | ||||
|---|---|---|---|---|
| Unrestric- | Restricted | Total | Total | |
| ted Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Accountancy Fees | 0 | 0 | 0 | 250 |
| 0 | 0 | 0 | 250 | |
| 10. MANAGEMENT AND ADMINISTRATION Unrestric- ted Funds 2024 £ Insurance and Licence 1746 Technology and Telephony 2051 Printing, Postage and Stationery 1900 Heating, Lighting & Water 4516 Leasing/Hire 0 Fish and Chips Expenses 346 Coffee and Crayons Expenses 218 Young at Heart Expenses 0 Sundry Expenses 2910 |
Restricted Funds 2024 £ 0 0 0 0 0 0 0 2252 0 |
Total Funds 2024 £ 1746 2051 1900 4516 0 346 218 2252 2910 |
Total Funds 2023 £ 3501 1466 527 5894 524 458 1275 1839 |
|
| 13687 | 2252 | 15939 | 15484 |
11. TANGIBLE FIXED ASSETS
| COST/VALUATION Balance at 1 April 2022 Additions during the year Balance at 31 March 2023 DEPRECIATION Balance at 1 April 2021 Charge for the year Balance at 31 March 2023 |
Centre Worley Hall Playscheme Container Total Equipment Equipment Equipment Equipment £ £ £ £ £ 30203 9986 13166 5890 59245 0 0 0 0 0 30203 9986 13166 5890 59245 29982 9951 13022 5878 58833 55 9 36 3 103 30037 9960 13058 5881 58936 |
|---|---|
NET BOOK VALUE
| As at 31 March 2022 As at 31 March 2022 |
166 26 108 9 309 221 35 108 12 376 |
|---|---|
NORTH EAST MITCHAM COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
12. CASH AT BANK AND IN HAND
| Bank Current Account Business Deposit Account PYA - Unpresented Cheques reclaimed |
Unrestric- Restricted Total Total ted Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 32506 46937 79443 47136 14338 0 14338 14338 0 0 0 0 0 0 0 0 46844 46937 93781 61474 |
|---|---|
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Clients' Refundable Deposits Less: Refunds during the year Accountancy Fees Sundry Creditors |
Unrestric- Restricted Total Total ted Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 0 0 0 0 0 0 0 300 0 0 0 150 0 0 0 0 0 0 0 450 |
|---|---|
14. MOVEMENTS IN FUNDS
| 14. MOVEMENTS IN FUNDS | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Funds | Funds | Totals | ||
| £ | £ | £ | £ | |
| At 1st April | 38319 | 22787 | 61106 | |
| Incoming Resources | 34590 | 55101 | 89691 | |
| Outgoing Resources | -31764 | -36628 | -68392 | |
| Transfers between Funds | 0 | 0 | 0 | |
| Other Gains and losses | 0 | 0 |
Total Unrestricted Funds
41145 0 41260 82405
Bank Balance per statement 29th March £79442.61