REGISTERED CHARITY NUMBER: 294786
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 FOR RUSH GREEN COMMUNITY ASSOCIATION
RUSH GREEN COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 September 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
RUSH GREEN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES for the Year Ended 30 September 2022
The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
294786
Principal address
Rush Green Road Romford Essex RM7 0LB
Trustees
M.Carter S.Talbot R.Wilson L. Zetter
Independent examiner
Michael Smith FCCA Michael Stuart Associates Limited F4, The Business Centre Stock Road Chelmsford CM2 8LP
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................. L Zetter – Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RUSH GREEN COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of Rush Green Community Association
I report to the charity trustees on my examination of the accounts of the Rush Green Community Association (the Trust) for the year ended 30 September 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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.
Matter of concern
In carrying out my examination I noted a lapse in the recording of Petty Cash into the accounting system. There was no identified Petty Cash shortfall nor is there any evidence of cash having been misappropriated. The lapse was caused due to an oversight – which the Trustees confirmed to me was due to improvised working conditions, in part as a consequence of legacy Covid restrictions. I have examined the current cash handling policy which evidences adequate controls and safeguards. I have also vouched a sample of the posting of posting into accounting system, which support the Trustees confirmations that the lapse was short term, promptly rectified and concerned a delay in input into the ledger, rather than a physical shortfall. I have not identified any further lapses. The lapse identified is not considered a material breach of internal controls, nor do I consider it sufficiently serious such that it is necessary to issue a qualification to my report. To re-iterate, I have identified no evidence of missing or misappropriated Petty Cash.
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 to enable a proper understanding of the accounts to be reached.
Michael Smith FCCA Michael Stuart Associates Ltd.
Date: .............................................
Page 2
RUSH GREEN COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Other income Total EXPENDITURE ON Charitable activities Rush Green Community Association NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2022 Unrestricted funds £ 21,728 221,040 - 242,768 256,989 (14,221) 21,643 7,422 |
2021 Unrestricted Funds £ 4,206 74,527 18,389 |
|---|---|---|
| 97,122 136,082 |
||
| (38,960) 60,603 |
||
| 21,643 |
The notes form part of these financial statements Page 3
RUSH GREEN COMMUNITY ASSOCIATION
BALANCE SHEET At 30 September 2022
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Stock & Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS (LIABILITES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
2022 Unrestricted fund £ 11,427 7,372 2,094 9,466 (13,471) (4,005) 7,422 7,422 7,422 7,422 |
2021 Unrestricted Funds £ 10,312 2,132 20,344 |
|---|---|---|
| 22,476 (11,145) |
||
| 11,331 | ||
| 21,643 | ||
| 21,643 | ||
| 21,643 21,643 |
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
............................................. M Carter -Trustee
The notes form part of these financial statements Page 4
RUSH GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 September 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance. No Depreciation is charged in the year of acquisition.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. OTHER TRADING ACTIVITIES
| Hall hire Bar Takings Game Machines Other Income |
2022 £ 38,918 166,827 15,303 - 221,048 |
2021 £ 14,174 52,876 7,014 463 |
|---|---|---|
| 74,527 |
Page 5
RUSH GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 September 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| Association staff | 6 | 3 |
No employees received emoluments in excess of £60,000.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Other income Total EXPENDITURE ON Charitable activities Rush Green Community Association Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 4,206 74,527 18,389 |
|---|---|
| 97,122 136,082 |
|
| 136,082 | |
| (38,960) 60,603 21,643 |
Page 6
RUSH GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 September 2021
6. TANGIBLE FIXED ASSETS
| COST At 1 October 2021 Additions At 30 September 2022 DEPRECIATION At 1 October 2021 Charge for year At 30 September 2022 NET BOOK VALUE At 30 September 2022 At 30 September 2021 7. STOCK & DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Other debtors & stock Trade Debtors 7,132 240 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Other creditors Trade Creditors VAT 11,540 1,931 9. MOVEMENT IN FUNDS Net movement in At 1.10.21 funds £ £ Unrestricted funds General fund 21,643 (14,221) TOTAL FUNDS 21,643 (19,658) |
Fixtures and fittings £ 39,338 1,290 |
|---|---|
| 40,628 | |
| 29,026 175 |
|
| 29,201 11,427 10,312 2021 £ 1,892 240 2021 £ 9,665 24 1,456 At 30.9.22 £ 7,422 1,985 |
Page 7
RUSH GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 September 2022
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted Funds General fund TOTAL FUNDS |
Incoming resources £ 242,768 242,768 At 1.10.20 £ 60,603 60,603 |
Resources expended £ (256,989) (256,989) Net movement in funds £ (38,960) (38,960) |
Movement in funds £ (14,221) |
|---|---|---|---|
| (14,221) | |||
| At 30.9.21 £ 21,643 21,643 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 97,122 97,122 |
Resources expended £ (136,082) (136,082) |
Movement in funds £ (38,960) |
|---|---|---|---|
| (38,960) |
Page 8
RUSH GREEN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 30 September 2022
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 339,890 339,890 |
Resources expended £ (393,071) (393,071) |
Movement in funds £ (53,181) (53,181) |
|---|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2022.
Page 9
RUSH GREEN COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2022
| INCOME AND ENDOWMENTS Donations and legacies Gift aid Donations & door takings (non-gift aid) Membership fees Other trading activities Hall hire Bar Takings Game Machines Other Income Other income Sundry income Total incoming resources EXPENDITURE Charitable activities Wages Employer Pensions Employer NI Rent Rates, Heat & Light Hired Entertainment Insurance Telephone Postage and stationery Sundries Registration fees & licences Accountancy Repairs & Maintenance Training Motor Expenses Cleaning and refuse collection Computer expenses Legal & Professional Fête expenditure Consultancy Bar Purchases Bank Charges Bookkeeping Advertising Carried forward |
2022 £ 7,980 6,380 7,368 21,728 38,910 166,827 15,303 - 221,040 242,768 74,864 1,721 456 6,394 9,071 28,325 2,972 739 1,285 4,884 5,182 1,500 8,311 462 472 15,651 10,115 344 - - 81,185 1,620 - 1,438 256,991 |
2021 £ 142 4,064 |
|---|---|---|
| 4,206 14,174 52,876 7,014 463 |
||
| 74,527 18,389 |
||
| 97,122 30,314 730 3,195 4,999 5,661 5,272 3,271 901 2,993 4,235 1,625 14,481 136 1,057 7,069 10,866 5,092 762 2,774 27,455 150 - 466 133,504 |
This page does not form part of the statutory financial statements Page 10
RUSH GREEN COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2022
| Charitable activities Brought forward Fixtures and fittings Total resources expended Net (expenditure)/income |
2022 £ 256,991 1,290 258,281 258,281 (15,513) |
2021 £ 133,504 2,578 |
|---|---|---|
| 136,082 | ||
| 136,082 (38,960) |
This page does not form part of the statutory financial statements Page 11