REGISTERED CHARITY NUMBER: 300182
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR NEW WINDSOR COMMUNITY ASSOCIATION
Cogs Accountancy Services Limited 89 Dedworth Road Windsor Berkshire SL4 5BB
NEW WINDSOR COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
NEW WINDSOR COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2019. 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).
The New Windsor Community Association is constituted by Trust Deed dated 5th November 1979 and is a registered charity. The charity was formed to promote the benefits of the inhabitants of Windsor through the operation of a Community Centre, the Centre being based in Hanover Way, Windsor, Berkshire.
ACHIEVEMENT AND PERFORMANCE
The financial performance of the charity is shown on pages 4 to 15. The charity has continued to operate the Community Centre at Hanover Way, Windsor for the benefit of the inhabitants of Windsor.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
300182
Principal address
Hanover Way Windsor Berkshire SL4 5NW Trustees Mr P Nicholls Chairman Mr D Gorton Vice- Chairman Mrs J Grant Treasurer Mr D Todd Mr M Ounich Mr D Gorton Mr C Nicholls Mrs L Gordon Mr J Todd
The Trustees are initially appointed for a term of one year after which they become liable for re-election each year.
Independent examiner
Cogs Accountancy Services Limited 89 Dedworth Road Windsor Berkshire SL4 5BB
Page 1
NEW WINDSOR COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................
Mr P Nicholls - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW WINDSOR COMMUNITY ASSOCIATION
Independent examiner's report to the trustees of New Windsor Community Association
I report to the charity trustees on my examination of the accounts of the New Windsor Community Association (the Trust) for the year ended 31 December 2020
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 3. 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.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
John Jasinski
Cogs Accountancy Services Limited 89 Dedworth Road Windsor Berkshire SL4 5BB Date: .............................................
Page 3
NEW WINDSOR COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Notes INCOME AND ENDOWMENTS FROM Voluntary income and Other activites Other income Total EXPENDITURE ON Costs of generating voluntary income and other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2020 2019 Unrestricted Total fund (£) funds (£) 14391 48188 33939 5448 |
|---|---|
| 48,329 53,636 59709 62700 |
|
| 59,709 62,700 |
|
| (11,380) (9,064) 385,646 394,711 |
|
| 374,266 385,646 |
The notes form part of these financial statements
Page 4
NEW WINDSOR COMMUNITY ASSOCIATION
BALANCE SHEET AT 31 DECEMBER 2020
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2020 2019 Unrestricted Total fund (£) funds (£) 384,047 390,868 (11,572) 4,309 2,267 4,399 |
|---|---|
| -9,305 8,708 476 13,931 |
|
| -8,829 22,639 |
|
| 374,266 385,646 |
|
| 374,266 385,646 |
|
| 374,266 385,646 |
|
| 374,266 385,646 |
The financial statements were approved by the Board of Trustees on 23 June 2020 signed on its behalf by:
.............................................
Mr P Nicholls - Trustee
The notes form part of these financial statements
Page 5
NEW WINDSOR COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
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 applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatements 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.
Long leasehold - straight line over the life of the lease Fixtures and fittings - 25% on reducing balance
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
NEW WINDSOR COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2020 | 2019 |
|---|---|
| 2 | 1 |
No employees received emoluments in excess of £60,000.
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NEW WINDSOR COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020
4. TANGIBLE FIXED ASSETS
| COST At 1 January 2020 and 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 |
Long Fixtures and leasehold fittings Totals £ £ £ 541671 28,322 569,993 |
|---|---|
| 151,032 28,093 179,125 6,764 57 6,822 |
|
| 157,796 28,150 185,946 |
|
| 383,875 172 384,047 |
|
| 397,404 229 390,869 |
The lease from the Royal Borough of Windsor and Maidenhead to the Association in respect of the Community Centre was renewed from 29th October 1978 for a term of 99 years
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other Debtors AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Due to New Windsor Social Club Ltd Other Creditors Pension liability Accruals and deferred income |
2020 2019 £ £ (11,572) 4,309 £918 £1,046 £637 (£458) 0 £14,000 (£1,079) (£657) 0 |
|---|---|
| 476 13,931 |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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NEW WINDSOR COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020
6. MOVEMENT IN FUNDS
Unrestricted funds General fund TOTAL FUNDS 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 Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1/1/2020 At 31/12/2020 £ £ £ 385,646 (11,380) 374,266 £ £ £ 48329 59,709 -11,380 48329 59709 -11380 At 1/1/19 At 31/12/19 394,710 (9,064) 385,646 394,710 (9,064) 385,646 £ £ £ 53,636 (62,700) (9,064) 53635.88 (62,700) (9,064) Incoming resources Resources expended Movement in funds Net movement in funds Incoming resources Resources expended Movement in funds Net movement in funds |
|---|---|
Page 9
NEW WINDSOR COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020
7. RELATED PARTY DISCLOSURES
Members of the New Windsor Community Association may also be members of New Windsor Social Club Limited. An occupational licence exists between the Windsor Community Association and New Windsor Social Club Limited whereby the latter is charged for various facilities made available by the Association.
During the year ended 31 December 2018 there was a charge of £42,000 (2017 - £42,871).
Page 10
NEW WINDSOR COMMUNITY ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| INCOME AND ENDOWMENTS Voluntary income Membership and Other Income Other income Fee from New Windsor Social Club Ltd Grant Income Total incoming resources EXPENDITURE Raising donations and legacies Wages Social security Rates and water Insurance Light and heat Telephone Repairs and maintenance Other trading activities Pensions Support costs Management Postage and stationery Motor Vehicle Expenses IT Costs Sundries Accountancy Finance Pensions Bank charges Interest Paid Depreciation of tangible fixed assets Governance costs Auditors' remuneration Total resources expended Net (expenditure)/income |
2020 2019 £ £ 14,391 48,188 |
|---|---|
| 48,188 5,478 33,939 |
|
| 48,329 53,636 21,237 11,532 47 455 3,290 977 0 12,681 26,093 1,300 1,161 9,955 9,631 |
|
| 46,197 52,161 0 1,610 352 113 792.00 2,565 2,384 2,464 |
|
| 6,672 3,608 19 90 6,822 6,841 |
|
| 6,841 6,931 0 |
|
| 59,709 62,700 |
|
| (11,380) (9,064) |
art of the statutory financial statements
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