**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. - 1 - **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: 1. 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 2. 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 - 2 - ## **ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 28 FEBRUARY 2021** ||_Note_||_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 1. All of the above activities relate to Unrestricted Funds. 2. 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 - 4 - **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| |||==|==| - 5 - **ST MARKS AND HESTERS WAY COMMUNITY ASSOCIATION** ## **NOTES TO THE ACCOUNTS continued** ## **YEAR ENDED 28 FEBRUARY 2021** |**5.**|**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| |||=====|=====| - 6 - ## **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| |||====|====| - 7 - **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| |||=====|=====| - 8 - **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| |||=====|=====| - 9 -