Docusign Envelope ID: 3FD25D52-C94B-4B2A-8AA4-514832D3D20F
REGISTERED CHARITY NUMBER: 1179157
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR NEW WINDSOR COMMUNITY ASSOCIATION
Cogs Accountancy Services Limited 54 Vale Road Windsor Berkshire SL4 5LA
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NEW WINDSOR COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
| 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 8 |
| Detailed Statement of Financial Activities | 9 |
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Page 1
NEW WINDSOR COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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
Paul David Nicholls Chairman Mourad Ben Ali Ounich Trustee Don Todd Trustee Jeanne Grant Trustee David Anthony Gorton Trustee Christopher Alan Nicholls Trustee Darren James Gorton Trustee Linda Carol Gorton Trustee Jean Todd Trustee
The Trustees are initially appointed for a term of one year after which they become liable fo
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NEW WINDSOR COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Independent examiner
Cogs Accountancy Services Limited 54 Vale Road Windsor Berkshire SL4 5LA
09 October 2024 | 07:24 PDT Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................. Mr P Nicholls - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW WINDSOR COMMUNITY ASSOCIATION
Page 3
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 2023
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.
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 54 Vale Road Windsor Berkshire SL4 5LA
09 October 2024 | 12:46 BST Date: .............................................
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NEW WINDSOR COMMUNITY ASSOCIATION
| NEW WINDSOR COMMUNITY ASSOCIATION | Page 4 |
| STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 |
|
| Notes | 2023 2022 Unrestricted Total fund (£) funds (£) |
| INCOME AND ENDOWMENTS FROM Total EXPENDITURE ON Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward Total funds brought forward TOTAL FUNDS CARRIED FORWARD Voluntary income and Other activites Other income Costs of generating voluntary income and other |
|
| £ 141,001 £ 122,624 |
|
| £ - £ 4,319 |
|
| £ 141,001 £ 126,943 |
|
| £ 116,098 £ 126,625 |
|
| £ 116,098 £ 126,625 |
|
| £ 24,903 £ 318 |
|
| 371,103 £ 370,783 |
|
| 396,006 371,103 |
|
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NEW WINDSOR COMMUNITY ASSOCIATION
BALANCE SHEET AT 31 DECEMBER 2023
| BALANCE SHEET AT 31 DECEMBER 2023 |
||
|---|---|---|
| Notes | 2023 2022 Unrestricted Total fund (£) funds (£) |
|
| FIXED ASSETS CURRENT ASSETS CREDITORS NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Tangible assets Cash at bank and in hand Accounts Receivable Cash Donations Prepayments Debtors Amounts falling due within one year |
4 6 |
|
| 363,655 370,443 |
||
| 27,756 11,017 13,365 - 0 - 3,077 - 665 5,938 |
||
| 44,864 387,398 |
||
| 12,512 16,296 |
||
| 396,007 371,103 |
||
| 396,007 371,103 |
||
| 396,007 371,103 |
||
| FUNDS TOTAL FUNDS Unrestricted funds |
||
| 396,007 371,103 |
||
| 396,007 371,103 |
09 October 2024 | 07:24 PDT
The financial statements were approved by the Board of Trustees on …............................ signed on its behalf by:
............................................. Mr P Nicholls - Trustee
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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.
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| 1 | 1 | |
No employees received emoluments in excess of £60,000.
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NEW WINDSOR COMMUNITY ASSOCIATION
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NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
4. TANGIBLE FIXED ASSETS
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 |
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 |
|---|---|
| 4. TANGIBLE FIXED ASSETS | |
| Long Leasehold Fixtures and Fitting Totals COST £ £ |
|
| 569,993 DEPRECIATION 171,325 28,225 199,550 6,764 24 6,788 178,089 28,249 206,338 NET BOOK VALUE 363,582 73 363,655 370,347 97 370,444 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YE 2023 2022 £ £ 14,031 3,077 - 17,108 5,938 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 £ 11,456 (1,626) 0 At 1 January 2023 and 31 December 2023 At 1 January 2023 Charge for year At 31 December 2023 At 31 December 2023 At 31 December 2022 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 Other Debtors 5,938 Prepayments £ Trade creditors 18,337 Social security and other taxes (2,041) Pension liability 0 541,671 28,322 |
|
| 2023 2022 £ £ 14,031 5,938 |
|
| 3,077 - |
|
| 17,108 5,938 |
|
| 2023 2022 |
|
| £ 11,456 (1,626) 0 £ 18,337 (2,041) 0 |
|
| 9,830 16,296 |
|
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NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
7. MOVEMENT IN FUNDS
| NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 |
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 |
|---|---|
| 7. MOVEMENT IN FUNDS | |
| Unrestricted funds TOTAL FUNDS General fund |
At 1/1/2023 Net movement in funds At 31/12/2023 £ £ £ 371,103 24,903 396,006 |
| 371,103 24,903 396,006 |
|
| Unrestricted funds TOTAL FUNDS Net movement in funds, included in the General fund |
|
| Movement in funds £ £ £ Incoming resources Resources expended above are as follows: 141,001 116,098 24,903 |
|
| 141,001 116,098 24,903 |
|
| Comparatives for movement in funds | |
| Unrestricted funds TOTAL FUNDS General fund |
At 1/1/2022 Net movement in funds At 31/12/2022 £ £ £ 370,838 318 371,103 |
| 370,838 318 371,103 |
|
| Unrestricted funds TOTAL FUNDS Net movement in funds, included in the General fund |
|
| Movement in funds £ £ £ Incoming resources Resources expended above are as follows: 126,943 126,625 318 |
|
| 126,943 126,625 318 |
|
8. 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.
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DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| INCOME AND ENDOWMENTS Voluntary income Membership and Other Income |
2023 2022 £ £ 141,001 122,943 |
|---|---|
| 141,001 122,943 |
|
| Other Income Total incoming resources EXPENDITURE Raising donations and legacies Other trading activities Support costs Management Finance Fee from New Windsor Social Club Ltd Grant Income Wages Social security Rates and water Insurance Light and heat Telephone & Internet Repairs and maintenance Pension Postage and stationery Purchases IT Costs and Advertising Sundries Accountancy |
|
| 0 0 0 4,000 |
|
| 141,001 126,943 |
|
| 18,162 12,303 0 0 5,927 4,974 2,776 5,263 24,730 25,273 1,542 1,290 15,875 16,285 |
|
| 69,012 65,388 214 441 |
|
| 214 441 2,183 1,858 25,223 34,108 - 460 10,393 12,364 1,805 2,682 |
|
| 39,605 51,472 |
|
| Governance costs Total resources expended Bank charges Interest Paid Depreciation Auditors' remuneration |
478 2,528 - - 6,788 6,796 |
| 7,267 9,324 |
|
| - - |
|
| 116,098 126,625 |
|
| Net (expenditure)/income | 24,903 318 |