```
REGISTERED CHARITY NUMBER: 301438
```
## **`TRUSTEES' REPORT AND`**
```
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
```
```
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 2023`**
|||**`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 2023
```
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2023. 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 £14,366 (2022: £10,256 ).
```
```
At the balance sheet date the charity had a deficit in funds of £4,794 (2022: £9,572 surplus).
```
```
Thesefinancialstatementsarepreparedonthegoingconcernbasisdespitethedeficitintotalfundsof£4,794 (2022:
£9,572surplus).Thisislargelyduetotheincreaseinenergypriceswhichthecharitycouldnotpassonto its
stakeholders.Thetrusteesbelievethatcostreductionsimplementedandcontinuousfundingreceivedfromthe local
council will result in the deficit in funds being remedied in the following year.
```
```
TheresultsoftheCharity'stradingsubsidiaryarerecordedinnote8ofthesefinancialstatementswhichindicate that
subsidiaryundertakinghasabalancesheetdeficit.Thetrusteesarehopefulthatit'sdeficitpositionwillberectified in
the coming years, as the subsidiary has returned to profitability.
```
## **`Reserves policy`**
```
Themanagementcommittee'saimsaretobuildreservesuptomaintainsufficientliquidbalancetocover6 months
unrestricted expenditure.
```
```
However,duetotheincreaseinenergycostsandtheresultingfinancialdifficulties,ithasnotbeenpossible to
maintain 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 2023
```
## **`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.
```
```
TheTrusteesaresatisfiedthatrisksarebeingconsistentlyandeffectivelymanagedandmitigatedandconsider that
theresultantriskprofileisacceptableandappropriateinrelationtotheCharity'sobjectivesandresponsibilities. The
natureoftheserviceswhichtheCharityprovidestoserviceusers,andtheenvironmentwithinwhichthe charity
operates,meanthatwewillinevitablyfacerisksduetofactorsbeyondourcontrol.Wearewillingtotolerate 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`**
```
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding.
```
## **`TRUSTEES' RESPONSIBILITY STATEMENT`**
```
ThetrusteesareresponsibleforpreparingtheTrustees'Reportandthefinancialstatementsinaccordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
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.
```
```
Page 2
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
```
```
Approved by order of the board of trustees on 22 January 2024 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
31March2023whichcomprisetheStatementofFinancialActivities,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 2023 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
```
```
22 January 2024
```
```
Page 6
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Other charitable activities`
`2`
`Other income`
`3`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Charitable Activities`
`Governance`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|**`2023`**
**`Unrestricted`**
**`funds`**
**`£`**
**`52`**
**`205,468`**
**`-`**
**`205,520`**
**`59,434`**
**`149,954`**
**`10,498`**
**`219,886`**
**`(14,366)`**
**`9,572`**
**`(4,794)`**|`2022`
`Total`
`funds`
`£`
`345`
`158,401`
`35,422`
`194,168`
`54,720`
`141,179`
`8,525`
`204,424`
`(10,256)`
`19,828`
`9,572`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 7
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`BALANCE SHEET 31 MARCH 2023`**
|**`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`**|**`2023`**
**`nrestricted`**
**`funds`**
**`£`**
**`5,656`**
**`1`**
**`5,657`**
**`938`**
**`22,636`**
**`25,539`**
**`49,113`**
**`(21,600)`**
**`27,513`**
**`33,170`**
**`(37,964)`**
**`(4,794)`**
**`(4,794)`**
**`(4,794)`**|`2022`
`Total`
`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`|
|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon22January2024 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 2023
```
## **`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.
```
```
Thesefinancialstatementsarepreparedonthegoingconcernbasisdespitethedeficitintotalfundsof £4,794
(2022:£9,572surplus).Thisislargelyduetotheincreaseinenergypriceswhichthecharitycouldnotpass on
toitsstakeholders.Thetrusteesbelievethatcostreductionsimplementedandcontinuousfunding received
from the local council will result in the deficit in funds being remedied in the following year.
```
## **`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 2023`**
## **`2. OTHER CHARITABLE ACTIVITIES`**
|**`OTHER CHARITABLE ACTIVITIES`**|||
|---|---|---|
||**`2023`**|`2022`|
||**`Unrestricted`**|`Total`|
||**`funds`**|`funds`|
||**`£`**|`£`|
|`Hall hire`|**`87,302`**|`75,089`|
|`Vending machines`|**`62`**|`40`|
|`Fruit machines`|**`190`**|`-`|
|`Children's activities`|**`95,277`**|`69,461`|
|`Social events`|**`294`**|`-`|
|`Sundry income`|**`22,083`**|`13,811`|
|`Affiliation and membership fee`|**`260`**|`-`|
||**`205,468`**|`158,401`|
## **`3. OTHER INCOME`**
|**`OTHER INCOME`**|||
|---|---|---|
||**`2023`**|`2022`|
||**`Unrestricted`**|`Total`|
||**`funds`**|`funds`|
||**`£`**|`£`|
|`Government grants`|**`-`**|`35,422`|
```
Other income related to Coronavirus Job Retention Scheme (CJRS) and other Covid related grants.
```
## **`4. AUDITORS' REMUNERATION`**
|`Fees payable to the charity's auditors for the audit of the charity's financial`
`statements`
`Other non-audit services`
`Total fees payable`|**`2023`**
`2022`
**`£`**
`£`
**`2,500`**
`2,500`
**`1,700`**
`1,500`
**`4,200`**
`4,000`|**`2023`**
`2022`
**`£`**
`£`
**`2,500`**
`2,500`
**`1,700`**
`1,500`
**`4,200`**
`4,000`|
|---|---|---|
|||`1,500`|
|||`4,000`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norforthe year
ended 31 March 2022.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31March2023norfortheyear ended
31 March 2022.
```
## **`6. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
||**`2023`**|`2022`|
|---|---|---|
|`Total staff`|**`14`**|`14`|
```
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 2023`**
## **`7. TANGIBLE FIXED ASSETS`**
## **`8.`**
|**`COST`**
`At 1 April 2022`
`Additions`
`Disposals`
`At 31 March 2023`
**`DEPRECIATION`**
`At 1 April 2022`
`Charge for year`
`Eliminated on disposal`
`At 31 March 2023`
**`NET BOOK VALUE`**
`At 31 March 2023`
`At 31 March 2022`
**`FIXED ASSET INVESTMENTS`**
**`MARKET VALUE`**
`At 1 April 2022 and 31 March 2023`
**`NET BOOK VALUE`**
`At 31 March 2023`
`At 31 March 2022`|`Equipment`
`and`
`fixtures`
`and`
`fittings`
`£`
**`127,239`**
**`419`**
**`-`**
**`127,658`**
**`121,525`**
**`1,535`**
**`-`**
**`123,060`**
**`4,598`**
`5,714`|`Bar`
`equipment`
`and`
`fittings`
`£`
**`30,251`**
**`1,106`**
**`(299)`**
**`31,058`**
**`30,228`**
**`71`**
**`(299)`**
**`30,000`**
**`1,058`**
`23`
`I`|`Totals`
`£`
**`157,490`**
**`1,525`**
**`(299)`**
**`158,716`**
**`151,753`**
**`1,606`**
**`(299)`**
**`153,060`**
**`5,656`**
`5,737`
`nvestments`
`£`
**`1`**
**`1`**
`1`|
|---|---|---|---|
|||||
|||||
||||`nv`|
```
There were no investment assets outside the UK.
```
```
Fixedassetinvestmentsrelatetocharity's100%ownershipofSpringLodgeCentreLimitedwhichisa trading
company. The results of Spring Lodge Centre Limited are as follows:
```
## **`9.`**
||**`2023`**
`2022`|**`2023`**
`2022`|
|---|---|---|
||**`£`**
`£`||
|`Turnover`|**`44,132`**
`23,374`||
|`Profit/(Loss) for the year`|**`7,853`**
`8,027`||
|`Aggregate capital and reserves`|**`(153)`**
`(7,700)`||
||||
|**`STOCKS`**
`Stocks`|**`2023`**
**`£`**
**`938`**|`2022`
`£`
`938`|
```
continued...
```
```
Page 11
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`**
## **`10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Trade debtors`
`Amount owed by subsidiary`
`undertaking`
`Other debtors`
`VAT`
`Prepayments`
**`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`|**`2023`**
**`£`**
**`6,184`**
**`4,526`**
**`-`**
**`445`**
**`11,481`**
**`22,636`**
**`2023`**
**`£`**
**`5,556`**
**`4,487`**
**`3,327`**
**`2,063`**
**`6,167`**
**`21,600`**
**`2023`**
**`£`**
**`37,964`**
**`2023`**
**`£`**
**`5,556`**
**`5,556`**
**`16,667`**
**`15,741`**|`2022`
`£`
`3,110`
`10,922`
`1,703`
`461`
`13,130`|
|---|---|---|
|||`29,326`|
|||`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`|
```
ThebankloanissupportedandsecuredbytheUKGovernment'sBounceBackLoanScheme(BBLS). Interest
is charged at a fixed rate of 2.5% and the balance is repayable over 120 months from inception.
```
## **`14. MOVEMENT IN FUNDS`**
|||`Net`||
|---|---|---|---|
|||`movement`|`At`|
||`At 1.4.22`|`in funds`|`31.3.23`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|**`9,572`**|**`(14,366)`**|**`(4,794)`**|
|**`TOTAL FUNDS`**|**`9,572`**|**`(14,366)`**|**`(4,794)`**|
```
continued...
```
```
Page 12
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
```
## **`14. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|**`205,520`**|**`(219,886)`**|**`(14,366)`**|
|**`TOTAL FUNDS`**|**`205,520`**|**`(219,886)`**|**`(14,366)`**|
|**`Comparatives for 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`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`194,168`
`194,168`|`Resources`
`expended`
`£`
`(204,424)`
`(204,424)`|`Movement`
`in funds`
`£`
`(10,256)`
`(10,256)`|
|---|---|---|---|
## **`15. RELATED PARTY DISCLOSURES`**
```
Included in debtors is an amount due from the subsidiary undertaking of £4,526 (2022: £10,922).
```
## **`16. LEASED PREMISES`**
```
ThepremisesatSpringLodgeisheldona50yearleasefromBraintreeDistrictCouncil,onayearlyrentof one
peppercorn (if demanded).
```
```
Page 13
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`Other charitable activities`**
`Hall hire`
`Vending machines`
`Fruit machines`
`Children's activities`
`Social events`
`Sundry income`
`Affiliation and membership fee`
**`Other income`**
`Government grants`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Staff costs`
`Social security`
`Pensions`
`Events`
`Purchases and sunday market`
`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`
`Sundries`
`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`|`2023`
`£`
**`52`**
**`87,302`**
**`62`**
**`190`**
**`95,277`**
**`294`**
**`22,083`**
**`260`**
**`205,468`**
**`-`**
**`205,520`**
**`54,676`**
**`713`**
**`2,077`**
**`-`**
**`241`**
**`1,727`**
**`59,434`**
**`-`**
**`79,674`**
**`1,038`**
**`1,318`**
**`2,788`**
**`8,169`**
**`31,050`**
**`3,941`**
**`4,606`**
**`2,122`**
**`147`**
**`424`**
**`1,243`**
**`4,198`**
**`2,465`**
**`8`**
**`917`**
**`693`**
**`653`**
**`-`**
**`1,535`**
**`71`**
**`8,032`**
**`1,160`**
**`156,252`**|`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`|
```
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 2023`**
|**`Support costs`**
**`Governance costs`**
`Auditors' remuneration`
`Auditors' remuneration for non audit work`
`Total resources expended`
**`Net expenditure`**|`2023`
`£`
**`2,500`**
**`1,700`**
**`4,200`**
**`219,886`**
**`(14,366)`**|`2022`
`£`
`2,500`
`1,500`
`4,000`
`204,424`
`(10,256)`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```