2021-02-28-accounts - St Mark's And Hester's Way Community Centre

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REGISTERED CHARITY NO: 301490

ST MARKS & HESTERS WAY

COMMUNITY ASSOCIATION

ACCOUNTS

28 FEBRUARY 2021

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

STATEMENT OF TRUSTEES RESPONSIBILITIES

YEAR ENDED 28 FEBRUARY 2021

Trustees’ Responsibilities in Relation to the Financial Statements

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

CHARITY NO: 301490

We report on the accounts for the year ended 28 February 2021 set out on pages 3 to 7.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act)) and that an independent examination is needed.

It is my responsibility to:

examine the accounts (under section 43 of the Act);
to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43 (7)(b) of the Act); and
to state whether particular matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner’s Statement

In the course of my examination, no matter has come to my attention:

which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:
proper accounting records are kept (in accordance with section 41 of the Act); and
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

COLIN F HARWOOD ICPA CERTIFIED PRACTISING ACCOUNTANT 4 KEYNSHAM STREET CHELTENHAM GLOS GL52 6EJ

3 December 2021

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 28 FEBRUARY 2021

		2021	2020
		£	£
INCOME
Ordinary Activities		15,667	31,121
Fund Raising Activities		-	-
Covid Grants		36,357	-
Occupational Licence/Deed of Covenant		5,091	23,441
		---------	---------
		57,115	54,562
		---------	---------
EXPENDITURE
Staff Costs	2	11,551	22,841
Depreciation		232	772
Operating Costs		23,934	28,794
		---------	---------
		35,717	52,407
		---------	---------
OPERATING SURPLUS	3	21,398	2,155
OTHER INCOME	4	7	21
		--------	--------
SURPLUS ON ORDINARY ACTIVITIES		21,405	2,176
ACCUMULATED RESERVES BROUGHT FORWARD		26,389	24,213
		----------	----------
ACCUMULATED RESERVES CARRIED FORWARD		£47,794	£ 26,389
		======	======

NOTES

All of the above activities relate to Unrestricted Funds.
The Association has no restricted or designated funds and all of the activities for the above two financial years are derived from continuing operations.
3 -

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

BALANCE SHEET

AS AT 28 FEBRUARY 2021

	Note	2021	2020
		£	£
FIXED ASSETS
Tangible Fixed Assets	5	2,084	2,316
		----------	----------
CURRENT ASSETS
Stock	6	100	100
Debtors	7	9,812	7,909
Cash at Bank and in Hand	8	37,533	19,257
		---------	---------
		47,445	27,266
CREDITORS - Amounts falling due within
one year	9	( 1,735)	(3,193)
		---------	---------
NET CURRENT ASSETS		45,710	24,073
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		47,794	26,389
		----------	-----------
NET ASSETS		£47,794	£ 26,389
		======	======
FINANCED BY:
REVALUATION RESERVE		-	-
ACCUMULATED RESERVES
- Unrestricted Funds		47,794	26,389
		----------	----------
		£47,794	£ 26,389
		======	======

Approved by the Officers on 3 December 2021 and signed on behalf of the Association by:

........................................ D FORD, Chairman

........................................ D GREEN, Committee Member

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

NOTES TO THE ACCOUNTS

YEAR ENDED 28 FEBRUARY 2021

1. ACCOUNTING POLICIES

a. Accounting Convention The Accounts have been prepared under the Historical Cost Convention as modified by the revaluation of buildings.
b. Depreciation
Tangible Fixed Assets are depreciated over their estimated useful lives by annual instalments at rates calculated to write off the cost or valuation as follows:

Leasehold Buildings Fixtures, Furniture & Equipment

2.5% straight line - 10% reducing balance
c. Stocks
Stocks are valued at the lower of cost or net realisable value.
d. Income on Ordinary Activities
This is the value of services and facilities provided.
e. Unrestricted Funds
These are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

2.	STAFF COSTS	2021	2020
		£	£
	Average number of employees	3	3
		==	==
	Wages and National Insurance (Less CJRS)	£ 11,551	£ 22,841
		=====	=====
	The Trustees received no remuneration
3.	OPERATING SURPLUS	2021	2020
	The operating result is arrived at after charging:-
	Accountancy	£ 900	£ 900
		====	====
4.	OTHER INCOME	2021	2020
	Interest on Bank Accounts (gross)	£ 7	£ 21
		==	==

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

NOTES TO THE ACCOUNTS continued

YEAR ENDED 28 FEBRUARY 2021

TANGIBLE FIXED ASSETS			Fixtures
		Leasehold	Furniture
	Total	Buildings	& Equipment
COST OR VALUATION	£	£	£
At 28 February 2020	326,853	268,949	57,904
	-----------	-----------	--------
At 29 February 2021	326,853	268,949	57,904
	-----------	-----------	--------
DEPRECIATION
At 28 February 2020	324,537	268,948	55,589
Charge for the Year	232	-	232
	----------	----------	--------
At 29 February 2021	324,769	268,948	55,821
	----------	----------	--------
WRITTEN DOWN VALUE
At 29 February 2021	£2,084	£ 1	£ 2,083
	=====	===	=====
At 28 February 2020	£ 2,316	£ 1	£ 2,315
	=====	===	=====

Leasehold Buildings were professionally revalued by Messrs D N Perry and Co at 31 January 1981 in the sum of £100,000 and this valuation was incorporated for the purposes of previous accounts. The directors are of the opinion that the value of the leasehold buildings has reduced and have agreed to adjust the values in the accounts prepared for a previous year. The unrealised surplus of £76,639 was transferred from the Revaluation reserve, resulting in a restatement of the depreciation charge incorporated in previous years accounts. The directors believe that this review of the value of the buildings has no effect on any consideration of the accounts as the accounts value of the buildings was being written off over the period of the lease.

6.	STOCK	2021	2020
		£	£
	Stationery	-	-
	Cleaning Materials and Other	100	100
		-------	-------
		£100	£ 100
		====	====
7.	DEBTORS	2021	2020
		£	£
	Other Debtors and Prepayments	£ 9,812	£ 7,909
		=====	=====

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

NOTES TO THE ACCOUNTS continued

YEAR ENDED 28 FEBRUARY 2021

8.	CASH AT BANK AND IN HAND	2021	2020
		£	£
	Current Account	24,307	11,037
	Cash	-	-
	Higher Rate Deposit Account	13,226	8,220
		---------	---------
		£37,533	£ 19,257
		=====	=====
9.	CREDITORS –Amounts falling due	2021	2020
	within one year	£	£
	Other Creditors	985	1,898
	Accruals	750	1,295
		--------	--------
		£ 1,735	£ 3,193
		====	====

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

INCOME AND EXPENDITURE ACCOUNT

YEAR ENDED 28 FEBRUARY 2021

INCOME		2021	2021
		£	£
Subscriptions		285	1,173
Room Lettings		15,382	29,948
Billiards		-	-
Covid Grants		36,357	-
Occupational Licence & Covenant		5,091	23,441
		---------	---------
		57,115	54,562
		---------	---------
EXPENDITURE
Establishment Expenses	A	33,669	50,256
Administration Expenses	B	1,148	1,251
Financial Expenses	C	900	900
		---------	---------
		35,717	52,407
		---------	---------
SURPLUS FOR THE YEAR		£21,398	£ 2,155
		=====	=====

ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION

NOTES TO THE ACCOUNTS

YEAR ENDED 28 FEBRUARY 2021

A	ESTABLISHMENT EXPENSES	2021	2020
		£	£
	Wages and National Insurance	23,035	22,841
	Wages: Covid Support	(11,484)	(-)
	Rates	987	1,771
	Insurance and Licences	4,564	4,002
	Light and Heat	6,021	11,517
	Repairs and Maintenance	9,627	8,430
	Cleaning	505	740
	Depreciation	232	772
	Sundries	182	183
		----------	----------
		£ 33,669	£ 50,256
		======	======
B	ADMINISTRATIVE EXPENSES	2021	2020
		£	£
	Welfare	-	20
	Telephone and Postage	1,047	796
	Printing, Stationery and Advertising	101	435
		-------	-------
		£ 1,148	£1,251
		====	====
C	FINANCIAL EXPENSES	2021	2020
		£	£
	Accountancy	900	900
	Bank Charges	-	-
		--------	--------
		£ 900	£ 900
		=====	=====