``` REGISTERED CHARITY NUMBER: 301438 ``` ## **`TRUSTEES' REPORT AND`** ``` AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ``` ``` FOR ``` ## **`WITHAM COMMUNITY ASSOCIATION`** ``` THP Limited Chartered Accountants and Statutory Auditors 34-40 High Street Wanstead London E11 2RJ ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022`** |||**`Page`**|| |---|---|---|---| |**`Trustees' Report`**|`1`|`to`|`3`| |**`Report of the Independent Auditors`**|`4`|`to`|`6`| |**`Statement of Financial Activities`**||`7`|| |**`Balance Sheet`**||`8`|| |**`Notes to the Financial Statements`**|`9`|`to`|`13`| |**`Detailed Statement of Financial Activities`**|`14`|`to`|`15`| ``` WITHAM COMMUNITY ASSOCIATION ``` ``` TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022 ``` ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2022. The trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicablein the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ``` The objects of the charity are: ``` ``` "TopromotethebenefitofinhabitantsofWithaminparticularandthewiderareaofEssexingeneral(hereand after called"areaofbenefit")withoutdistinctionofsexorpolitical,religiousorotheropinionsbyassociatingwith local authorities,voluntaryorganisationsandinhabitantsinacommonefforttoadvanceeducationandtoprovide facilities intheinterestofsocialwelfareforrecreationandleisuretimeoccupationwiththeobjectofimprovingthe conditions of life for the said inhabitants". ``` ``` "Toestablishorsecuretheestablishmentofacommunitycentre(hereandaftercalledthe"centre")andto maintain andmanage,ortoco-operatewithanylocalstatutoryauthorityinmaintenanceandmanagementofsuchacentre for activities promoted by the association and its constituent bodies in furtherance of the above objects." ``` ``` "To promote such other charitable purposes as may from time to time be determined." ``` ``` In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ``` Themainareasofcharitableactivityaretheprovisionofpre-schoolfacilitiesforchildrenandthesupport of community activities. ``` ``` The main achievement during the year has been to maintain the activities carried out at the Community Centre. ``` ## **`FINANCIAL REVIEW`** ## **`Financial position and performance`** ``` Themanagementcommitteearecontinuingtoseektoreducecostsandmaximiseincome.Theaccountsshowa deficit for the year of £10,256 (2021: £12,943 surplus). ``` ``` The trustees report that the charity has a surplus of funds of £9,572 (2021: £19,828). ``` ``` TheresultsoftheCharity'stradingsubsidiaryarerecordedinnote8ofthesefinancialstatementswhichindicate that subsidiaryundertakinghasabalancesheetdeficit.Astheresultofthe3nationallockdownsimposedduringthe past twoyears,thetradingsubsidiarywasnotabletotradeforsomepartoftheyear.Thetradingsubsidiaryhas made profitintheyearto31March2022andtrusteesarehopefulthatit'sdeficitpositionwillberectifiedinthe coming years. ``` ## **`Reserves policy`** ``` Themanagementcommittee'saimsaretobuildreservesuptomaintainsufficientliquidbalancetocover6 months unrestricted expenditure. ``` ``` However,asaresponsetoCovid-19andtheresultingfinancialdifficulties,ithasnotbeenpossibletomaintain this level of reserves. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ``` ## **`Recruitment and appointment of new trustees`** ``` Themanagementcommitteeareappointedatanannualgeneralmeetingtogetherwithhonoraryofficersfor the positions of Chairman and Treasurer. ``` ## **`Organisational structure`** ``` The policy and general management of the affairs of the charity is the responsibility of the management committee. ``` ``` Page 1 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ``` TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Risk management`** ``` Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate controls are in place to provide reasonable assurance against fraud and error. ``` ``` Thetrusteesareexaminingthemajorstrategicbusinessandoperationalriskswhichtheircharityfacessothat the necessary steps to mitigate these risks are taken. ``` ## **`Coronavirus Pandemic`** ``` TheCovid-19pandemichaspresentedaunique,unprecedentedanduncertainrisktotheservices,operations, and financesoftheCharity.Servicedeliveryandstaffingarrangementswererapidlyadaptedtoenableustofulfil our missiontothebestofourabilityduringthecrisis,whileprotectingthecharity'sfinancialpositionanditsability to recoverwhenthesituationimproved.TheCharitywasabletoutilisethefurloughschemeandsecureda Government supported Bounce Back loan. ``` ``` TheTrusteesaresatisfiedthattheaboverisksarebeingconsistentlyandeffectivelymanagedandmitigated and considerthattheresultantriskprofileisacceptableandappropriateinrelationtotheCharity'sobjectives and responsibilities.ThenatureoftheserviceswhichtheCharityprovidestoserviceusers,andtheenvironment within whichthecharityoperates,meanthatwewillinevitablyfacerisksduetofactorsbeyondourcontrol.Wearewilling to tolerate higher risks if they can be justified by the potential benefits for children and other service users. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ``` Registered Charity number 301438 ``` ``` Principal address Powers Hall End Witham Essex CM8 2HE ``` ## **`Trustees`** ``` T A Voice P Ellis D Jenkins ``` ## **`Auditors`** ``` THP Limited Chartered Accountants and Statutory Auditors 34-40 High Street Wanstead London E11 2RJ ``` ## **`Bankers`** ``` Lloyds TSB 77-81 High street Chelmsford Essex CM1 1DU ``` ## **`PLANS FOR FUTURE PERIODS`** ``` Thecharityplanscontinuingtheactivitiesoutlinedaboveintheforthcomingyearssubjecttosatisfactoryfunding. The charity will also continue focusing on rebuilding activity post Covid-19. ``` ## **`TRUSTEES' RESPONSIBILITY STATEMENT`** ``` ThetrusteesareresponsibleforpreparingtheTrustees'Reportandthefinancialstatementsinaccordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ``` ``` Page 2 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ``` TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`TRUSTEES' RESPONSIBILITY STATEMENT - continued`** ``` ThelawapplicabletocharitiesinEnglandandWales,theCharitiesAct2011,Charity(Accountsand Reports) Regulations2008andtheprovisionsofthetrustdeedrequiresthetrusteestopreparefinancialstatementsfor each financialyearwhichgiveatrueandfairviewofthestateofaffairsofthecharityandoftheincomingresources and applicationofresources,includingtheincomeandexpenditure,ofthecharityforthatperiod.Inpreparing those financial statements, the trustees are required to ``` - `select suitable accounting policies and then apply them consistently;` - `observe the methods and principles in the Charity SORP;` - `make judgements and estimates that are reasonable and prudent;` - `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.` ``` Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any timethefinancialpositionofthecharityandtoenablethemtoensurethatthefinancialstatementscomplywith the CharitiesAct2011,theCharity(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed. They arealsoresponsibleforsafeguardingtheassetsofthecharityandhencefortakingreasonablestepsfor the prevention and detection of fraud and other irregularities. ``` ``` Approved by order of the board of trustees on 23 January 2023 and signed on its behalf by: ``` ``` T A Voice - Trustee ``` ``` Page 3 ``` ``` REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WITHAM COMMUNITY ASSOCIATION ``` ## **`Opinion`** ``` WehaveauditedthefinancialstatementsofWithamCommunityAssociation(the'charity')fortheyear ended 31March2022whichcomprisetheStatementofFinancialActivities,theBalanceSheetandnotestothe financial statements,includingasummaryofsignificantaccountingpolicies.Thefinancialreportingframeworkthathas been appliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards(UnitedKingdom Generally Accepted Accounting Practice). ``` ``` In our opinion the financial statements: ``` - `give a true and fair view of the state of the charity's affairs as at 31 March 2022 and of its incoming resources and application of resources, for the year then ended;` - `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and` - `have been prepared in accordance with the requirements of the Charities Act 2011.` ## **`Basis for opinion`** ``` WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicable law. OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditof the financialstatementssectionofourreport.Weareindependentofthecharityinaccordancewiththe ethical requirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthical Standard, andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethat the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ``` ## **`Conclusions relating to going concern`** ``` Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisof accounting in the preparation of the financial statements is appropriate. ``` ``` Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoevents or conditionsthat,individuallyorcollectively,maycastsignificantdoubtonthecharity'sabilitytocontinueasa going concern for a period of at least twelve months from when the financial statements are authorised for issue. ``` ``` Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant sections of this report. ``` ## **`Other information`** ``` Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincluded in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. ``` ``` Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. ``` ``` Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand, in doingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsor our knowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuch material inconsistenciesorapparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesrisetoa material misstatementinthefinancialstatementsthemselves.If,basedontheworkwehaveperformed,weconclude that thereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehavenothing to report in this regard. ``` ## **`Matters on which we are required to report by exception`** ``` WehavenothingtoreportinrespectofthefollowingmatterswheretheCharities(AccountsandReports) Regulations 2008 requires us to report to you if, in our opinion: ``` - `the information given in the trustees Report is inconsistent in any material respect with the financial statements; or` - `sufficient accounting records have not been kept; or` - `the financial statements are not in agreement with the accounting records and returns; or` - `we have not received all the information and explanations we require for our audit.` ## **`Responsibilities of trustees`** ``` AsexplainedmorefullyintheTrustees'ResponsibilitiesStatement,thetrusteesareresponsibleforthepreparation of thefinancialstatementswhichgiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermine is necessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherdue to fraud or error. ``` ``` Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharity'sabilitytocontinueas a goingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasis of accountingunlessthetrusteeseitherintendtoliquidatethecharityortoceaseoperations,orhaveno realistic alternative but to do so. ``` ``` Page 4 ``` ``` REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WITHAM COMMUNITY ASSOCIATION ``` ## **`Our responsibilities for the audit of the financial statements`** ``` WehavebeenappointedasauditorsunderSection144oftheCharitiesAct2011andreportinaccordancewith the Act and relevant regulations made or having effect thereunder. ``` ``` Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthat includes ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarise from fraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpected to influence the economic decisions of users taken on the basis of these financial statements. ``` ## **`The extent to which the audit was considered capable of detecting irregularities including fraud`** ``` Ourapproachtoidentifyingandassessingtherisksofmaterialmisstatementinrespectofirregularities, including fraud and non-compliance with laws and regulations, was as follows: ``` ``` -theengagementpartnerensuredthattheengagementteamcollectivelyhadtheappropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; -weidentifiedthelawsandregulationsapplicabletotheCharitythroughdiscussionswithtrusteesand other management, and from our knowledge and experience of the sector in which the Charity operates; -wefocusedonspecificlawsandregulationswhichweconsideredmayhaveadirectmaterialeffectonthe financial statementsortheoperationsoftheCharity,CharitiesActandSORPrequirements,GeneralData Protection Regulations (GDPR), Safeguarding, Employment and Health and Safety legislation. -weassessedtheextentofcompliancewiththelawsandregulationsidentifiedabovethroughmakingenquiries of management and inspecting legal correspondence; and ``` - `identified laws and regulations were communicated within the audit team regularly and the team remained alert to` - `instances of non-compliance throughout the audit.` ``` WeassessedthesusceptibilityoftheCharity'sfinancialstatementstomaterialmisstatement,includingobtaining an understanding of how fraud might occur, by: ``` - `making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of` - `actual, suspected and alleged fraud; and` - `considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.` ``` To address the risk of fraud through management bias and override of controls, we: ``` - `performed analytical procedures to identify any unusual or unexpected relationships;` - `tested journal entries to identify unusual transactions;` - `assessed whether judgements and assumptions made in determining the accounting estimates were indicative of` - `potential bias; and` - `investigated the rationale behind significant or unusual transactions.` ``` Inresponsetotheriskofirregularitiesandnon-compliancewithlawsandregulations,wedesignedprocedures which included, but were not limited to: ``` - `agreeing financial statement disclosures to underlying supporting documentation;` - `enquiring of management as to actual and potential litigation and claims; and` - `reviewing correspondence with the Charities Commission and any other relevant regulators as required.` ``` Thereareinherentlimitationsinourauditproceduresdescribedabove.Themoreremovedthatlawsand regulations arefromfinancialtransactions,thelesslikelyitisthatwewouldbecomeawareofnon-compliance.Auditing standards alsolimittheauditproceduresrequiredtoidentifynon-compliancewithlawsandregulationstoenquiryofthe trustees and other management and the inspection of regulatory and legal correspondence, if any. ``` ``` Materialmisstatementsthatariseduetofraudcanbehardertodetectthanthosethatarisefromerrorasthey may involve deliberate concealment or collusion. ``` ``` Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedonthe Financial ReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportof the Independent Auditors. ``` ``` Page 5 ``` ``` REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WITHAM COMMUNITY ASSOCIATION ``` ## **`Use of our report`** ``` Thisreportismadesolelytothecharity'strustees,asabody,inaccordancewithPart4oftheCharities(Accounts and Reports)Regulations2008.Ourauditworkhasbeenundertakensothatwemightstatetothecharity'strustees those matterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.Tothefullest extent permittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecharityandthe charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. ``` ``` THP Limited Chartered Accountants and Statutory Auditors 34-40 High Street Wanstead London E11 2RJ ``` ``` 23 January 2023 ``` ``` Page 6 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022`** |||**`2022`**|`2021`| |---|---|---|---| |||**`Unrestricted`**|`Total`| |||**`funds`**|`funds`| ||`Notes`|**`£`**|`£`| |**`INCOME AND ENDOWMENTS FROM`**|||| |`Donations and legacies`||**`345`**|`556`| |`Other charitable activities`|`2`|**`158,401`**|`121,167`| |`Other income`|`3`|**`35,422`**|`88,730`| |**`Total`**||**`194,168`**|`210,453`| |**`EXPENDITURE ON`**|||| |`Raising funds`||**`54,720`**|`45,703`| |**`Charitable activities`**|||| |`Generating funds`||**`-`**|`38`| |`Charitable Activities`||**`141,179`**|`143,221`| |`Governance`||**`8,525`**|`8,548`| |**`Total`**||**`204,424`**|`197,510`| |**`NET INCOME/(EXPENDITURE)`**||**`(10,256)`**|`12,943`| |**`RECONCILIATION OF FUNDS`**|||| |`Total funds brought forward`||**`19,828`**|`6,885`| |**`TOTAL FUNDS CARRIED FORWARD`**||**`9,572`**|`19,828`| ``` The notes form part of these financial statements ``` ``` Page 7 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ## **`BALANCE SHEET 31 MARCH 2022`** |**`U`**
`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`7`
`Investments`
`8`
**`CURRENT ASSETS`**
`Stocks`
`9`
`Debtors`
`10`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`11`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`CREDITORS`**
`Amounts falling due after more than one year`
`12`
**`NET ASSETS`**
**`FUNDS`**
`14`
`Unrestricted funds`
**`TOTAL FUNDS`**|**`2022`**
**`nrestricted`**
**`funds`**
**`£`**
**`5,737`**
**`1`**
**`5,738`**
**`938`**
**`29,326`**
**`39,304`**
**`69,568`**
**`(22,215)`**
**`47,353`**
**`53,091`**
**`(43,519)`**
**`9,572`**
**`9,572`**
**`9,572`**|`2021`
`Total`
`funds`
`£`
`7,090`
`1`
`7,091`
`938`
`26,168`
`58,107`
`85,213`
`(24,143)`
`61,070`
`68,161`
`(48,333)`
`19,828`
`19,828`
`19,828`| |---|---|---| ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon23January2023 and were signed on its behalf by: ``` ``` T A Voice - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ``` NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements and going concern`** ``` Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)', FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of Ireland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthehistorical cost convention, with the exception of investments which are included at market value. ``` ``` Thesefinancialstatementsarepreparedonthegoingconcernbasis,whichassumestheabilityofthecharity to continueitscharitableactivitiesfortheforeseeablefuture,beingaperiodofnotlessthantwelvemonths from the approval of these accounts. ``` ## **`Financial reporting standard 102 - reduced disclosure exemptions`** ``` Thecharityhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese financial statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUKandRepublic of Ireland': ``` - `the requirements of Section 7 Statement of Cash Flows.` ## **`Incoming resources`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Resources expended`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful life. ``` ``` Equipment and fixtures and fittings- 25% on reducing balance Bar equipment and fittings- 10% on cost ``` ## **`Stocks`** ``` Stocksarevaluedatlowerofcostandsellingprice,aftermakingdueallowanceforobsoleteandslow moving items. ``` ## **`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. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ## **`Hire purchase and leasing commitments`** ``` RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis over the period of the lease. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension ``` ``` scheme are charged to the Statement of Financial Activities in the period to which they relate. ``` ## **`Government grants`** ``` Government grants are accounted for using the accruals basis. ``` ``` continued... ``` ``` Page 9 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`2. OTHER CHARITABLE ACTIVITIES`** |**`OTHER CHARITABLE ACTIVITIES`**||| |---|---|---| ||**`2022`**|`2021`| ||**`Unrestricted`**|`Total`| ||**`funds`**|`funds`| ||**`£`**|`£`| |`Hall hire`|**`75,089`**|`33,524`| |`Vending machines`|**`40`**|`18`| |`Children's activities`|**`69,461`**|`82,384`| |`Sundry income`|**`13,811`**|`5,241`| ||**`158,401`**|`121,167`| ## **`3. OTHER INCOME`** |**`OTHER INCOME`**||| |---|---|---| ||**`2022`**|`2021`| ||**`Unrestricted`**|`Total`| ||**`funds`**|`funds`| ||**`£`**|`£`| |`Government grants`|**`35,422`**|`88,730`| ``` Other income relates to Coronavirus Job Retention Scheme (CJRS) and other Covid related grants. ``` ## **`4. AUDITORS' REMUNERATION`** ||**`2022`**|`2021`| |---|---|---| ||**`£`**|`£`| |`Fees payable to the charity's auditors for the audit of the charity's financial`||| |`statements`|**`2,500`**|`2,500`| |`Other non-audit services`|**`1,500`**|`1,500`| |`Total fees payable`|**`4,000`**|`4,000`| ## **`5. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norforthe year ended 31 March 2021. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended 31 March 2021. ``` ## **`6. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` ||**`2022`**|`2021`| |---|---|---| |`Total staff`|**`14`**|`12`| ``` No employees received emoluments in excess of £60,000. ``` ``` continued... ``` ``` Page 10 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** ## **`7. TANGIBLE FIXED ASSETS`** |**`7.`**|**`TANGIBLE FIXED ASSETS`**||||| |---|---|---|---|---|---| |||`Equipment`|||| ||||`and`|`Bar`|| ||||`fixtures`|`equipment`|| ||||`and`|`and`|| ||||`fittings`|`fittings`|`Totals`| ||||`£`|`£`|`£`| ||**`COST`**||||| ||`At 1 April 2021`|**`126,670`**||**`30,251`**|**`156,921`**| ||`Additions`||**`569`**|**`-`**|**`569`**| ||`At 31 March 2022`|**`127,239`**||**`30,251`**|**`157,490`**| ||**`DEPRECIATION`**||||| ||`At 1 April 2021`|**`119,622`**||**`30,209`**|**`149,831`**| ||`Charge for year`||**`1,903`**|**`19`**|**`1,922`**| ||`At 31 March 2022`|**`121,525`**||**`30,228`**|**`151,753`**| ||**`NET BOOK VALUE`**||||| ||`At 31 March 2022`||**`5,714`**|**`23`**|**`5,737`**| ||`At 31 March 2021`||`7,048`|`42`|`7,090`| |**`8.`**|**`FIXED ASSET INVESTMENTS`**||||| ||||||`Investments`| ||||||`£`| ||**`MARKET VALUE`**||||| ||`At 1 April 2021 and 31 March 2022`||||**`1`**| ||**`NET BOOK VALUE`**||||| ||`At 31 March 2022`||||**`1`**| ||`At 31 March 2021`||||`1`| ||`There were no investment assets outside the UK.`||||| ||`Fixed asset investments relate to charity's 100% ownership of Spring Lodge `|||`Centre Limited which is a tradin`|| ||`company. The results of Spring Lodge Centre Limited are as follows:`||||| |||||**`2022`**|`2021`| |||||**`£`**|`£`| ||`Turnover`|||**`23,374`**|`489`| ||`Profit/(Loss) for the year`|||**`8,027`**|`(4,445)`| ||`Aggregate capital and reserves`|||**`(7,700)`**|`(15,727)`| |**`9.`**|**`STOCKS`**||||| |||||**`2022`**|`2021`| |||||**`£`**|`£`| ||`Stocks`|||**`938`**|`938`| |**`10.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||| |||||**`2022`**|`2021`| |||||**`£`**|`£`| ||`Trade debtors`|||**`3,110`**|`385`| ||`Amount owed by group`||||| ||`undertaking`|||**`10,922`**|`14,355`| ||`Other debtors`|||**`1,703`**|`1,703`| ||`VAT`|||**`461`**|`1,605`| ||`Prepayments`|||**`13,130`**|`8,120`| |||||**`29,326`**|`26,168`| ``` Fixedassetinvestmentsrelatetocharity's100%ownershipofSpringLodgeCentreLimitedwhichisa trading company. The results of Spring Lodge Centre Limited are as follows: ``` ``` continued... ``` ``` Page 11 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** ## **`11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Bank loans and overdrafts (see note 13)`
`Deferred income`
`Trade creditors`
`Social security and other taxes`
`Accrued expenses`
**`12.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`Bank loans (see note 13)`
**`13.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Bank loans`
`Amounts falling between one and two years:`
`Bank loans - 1-2 years`
`Amounts falling due between two and five years:`
`Bank loans - 2-5 years`
`Amounts falling due in more than five years:`
`Repayable by instalments:`
`Bank loans more 5 yr by instal`|**`2022`**
**`£`**
**`5,556`**
**`3,298`**
**`3,248`**
**`4,193`**
**`5,920`**
**`22,215`**
**`2022`**
**`£`**
**`43,519`**
**`2022`**
**`£`**
**`5,556`**
**`5,556`**
**`16,667`**
**`21,296`**|`2021`
`£`
`1,667`
`2,767`
`10,251`
`2,989`
`6,469`| |---|---|---| |||`24,143`| |||`2021`
`£`
`48,333`| |||`2021`
`£`
`1,667`| |||`10,000`| |||`38,333`| |||`-`| ``` ThebankloanissupportedandsecuredbytheUKGovernment'sBounceBackLoanScheme(BBLS). Interest willbechargedatafixedrateof2.5%andthebalanceisrepayableover120monthswiththefirst payment due 12 months after inception. ``` ## **`14. MOVEMENT IN FUNDS`** |**`MOVEMENT IN FUNDS`**|||| |---|---|---|---| |||`Net`|| |||`movement`|`At`| ||`At 1.4.21`|`in funds`|`31.3.22`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|**`19,828`**|**`(10,256)`**|**`9,572`**| |**`TOTAL FUNDS`**|**`19,828`**|**`(10,256)`**|**`9,572`**| |`Net movement in funds, included in the above are as follows:`|||| ||`Incoming`|`Resources`|`Movement`| ||`resources`|`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|**`194,168`**|**`(204,424)`**|**`(10,256)`**| |**`TOTAL FUNDS`**|**`194,168`**|**`(204,424)`**|**`(10,256)`**| ``` continued... ``` ``` Page 12 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`14. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as f`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.4.20`
`£`
`6,885`
`6,885`
`ollows:`
`Incoming`
`resources`
`£`
`210,453`
`210,453`|`Net`
`movement`
`in funds`
`£`
`12,943`
`12,943`
`Resources`

`expended`
`£`
`(197,510)`
`(197,510)`|`At`
`31.3.21`
`£`
`19,828`
`19,828`
`Movement`
`in funds`
`£`
`12,943`| |---|---|---|---| ||||`12,943`| ## **`15. RELATED PARTY DISCLOSURES`** ``` Included in debtors is an amount due from the subsidiary undertaking of £10,922 (2021: £14,355). ``` ## **`16. LEASED PREMISES`** ``` ThepremisesatSpringLodgeisheldona50yearsleasewithBraintreeDistrictCouncilonayearlyrentof one peppercorn (if demanded). ``` ``` Page 13 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022`** |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`Other charitable activities`**
`Hall hire`
`Vending machines`
`Children's activities`
`Sundry income`
**`Other income`**
`Government grants`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Staff costs`
`Social security`
`Pensions`
`Events`
`Purchases and sunday market`
`Machine game duty`
`Consumables and provisions`
**`Other trading activities`**
`Bad debts`
**`Charitable activities`**
`Wages`
`Social security`
`Equipment rental`
`Rates and water`
`Insurance`
`Light and heat`
`Telephone`
`Printing, postage ,stationery and computer costs`
`Advertising`
`Sundries`
`Training`
`Staff welfare`
`Trade waste fees`
`Cleaning materials`
`Repairs and renewals`
`Service contracts`
`Travelling`
`Licences`
`Bank charges`
`Legal and professional`
`Clothing cost`
`Depn of equipment and fixtures`
`Depn of bar equipment and fittings`
`Financial costs- VAT`
`Other interest`|`2022`
`£`
**`345`**
**`75,089`**
**`40`**
**`69,461`**
**`13,811`**
**`158,401`**
**`35,422`**
**`194,168`**
**`44,981`**
**`1,000`**
**`2,092`**
**`50`**
**`4,796`**
**`-`**
**`1,291`**
**`54,210`**
**`510`**
**`89,172`**
**`1,915`**
**`52`**
**`2,297`**
**`7,885`**
**`14,825`**
**`5,120`**
**`4,150`**
**`-`**
**`18`**
**`-`**
**`45`**
**`1,678`**
**`1,059`**
**`3,743`**
**`2,723`**
**`249`**
**`699`**
**`906`**
**`544`**
**`100`**
**`1,902`**
**`19`**
**`6,378`**
**`225`**
**`145,704`**|`2021`
`£`
`556`
`33,524`
`18`
`82,384`
`5,241`
`121,167`
`88,730`
`210,453`
`40,947`
`755`
`1,925`
`40`
`636`
`45`
`1,455`
`45,803`
`(100)`
`85,143`
`1,563`
`722`
`3,632`
`8,753`
`14,365`
`5,147`
`3,858`
`54`
`25`
`378`
`23`
`1,661`
`677`
`6,736`
`5,708`
`363`
`158`
`645`
`394`
`14`
`2,349`
`28`
`5,402`
`9`
`147,807`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 14 ``` ``` WITHAM COMMUNITY ASSOCIATION ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022`** |**`Support costs`**
**`Governance costs`**
`Auditors' remuneration`
`Auditors' remuneration for non audit work`
`Total resources expended`
**`Net (expenditure)/income`**|`2022`
`£`
**`2,500`**
**`1,500`**
**`4,000`**
**`204,424`**
**`(10,256)`**|`2021`
`£`
`2,500`
`1,500`| |---|---|---| |||`4,000`| |||`197,510`| |||`12,943`| ``` This page does not form part of the statutory financial statements ``` ``` Page 15 ```