## **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