2023-03-31-accounts - Frampton Cotterell And District Community Association

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Trustees	Trustees
			D Humphreys
			C Bain
			T Knight
			N Smith
Treasurer			I Nicholls
Charity	Number		301533
Registered		Office	Crossbow		House
			School Road
			Frampton		Cotterell
			Bristol
			BS362DB
Bankers
			Nat West
			Chipping	Sodbury Branch
			77 Broad	Street
			Bristol
			BS995DP
Independent		Examiners	David Cox		MBE FCA
			Harwood,	Lane &Co
			Chartered		Accountants
			Units 1-4,	Crossley Farm Business Centre
			Swan Lane
			Winterbourne
			Bristol
			BS361RH

		Page
Trustees' Report
Independent Examiners	Report
Statement of Financial	Activities
Balance Sheet
Statement ofCash Flows
Notes to the Accounts		9-12

INCOMING RESOURCES		Notes	2023 General	2022 General
			Total	Total
Income from charitable activities		12		40,924
Voluntary Income 8 Grants				28,406
income from other
trading activities
- Functions
Investment Income		13	207
Total Incoming Resources			64,471	69,335
RESOURCES EXPENDED
Cost of Raising Funds
Fundraising Costs
Expenditure on Charitable	Activities	14	67,891	63,891
Total Expenditure			67,891	63,891
Transfers between funds
				0
			67,891	63,891
Net Incoming Resources			(3,420)	5,444
Total Funds Brought Forward			208,513	203,069
Total Funds Carried Forward			6205 093	6208,513

				2023		2022
TANGIBLE	FIXEDASSETS			298,223		298,223
FIXEDASSET INVESTMENTS
Share in Subsidiary Company
CURRENT	ASSETS
Debtors Cash at Bank and in Hand			7,232 93,259		11,977 84,945
			100,491		96,922
CREDITORS; amounts		falling
due within	one year		(10,856)		(3,867)
Net Current	Assets			89,635		93,055
Total Assets less Liabilities				6387,859		6391,279
Capital and	Reserves
Unrestricted Revaluation	Reserves Reserve			205,093 182,766		208,513 182,766
				6387,859		6391,279
Ms C Bain

		Note	Total Funds	Prior Year
			2023	2022
Net Cash used in operating activities		16	8,107	5,761
Cash Flow from investing activities:
Interest and dividends Investment in subsidiary company Purchase offurniture and equipment Proceeds from sale ofinvestments			207 0 0 0	5 (1) 0 0
Net cash provided by investing activities			207
Cash Flow from financing activities:
Repayment of borrowing
Receipt ofexpendable endowment
Net cash provided by financing activities
Change in cash and cash equivalents	in the year		8,314	'5,765
Cash and cash equivalent brought forward			84,945	79,180
Cash and cash equivalent carried forward			693259

	ACCOUNTING POLICIES
	Basis of preparation ofaccounts
	The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)and the Charities Act 2011.
	Frampton Cotterell and District Community Association meets the definition of a public benefit under FRS102. Assets and liabilities are initially recognised at historical cost or transaction unless otherwise stated in the relevant accounting policy notes.		entity value
1.2	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost with the exception ofthe freehold property which is stated at valuation.
	Depreciation is not calculated on the cost ofthe fixed assets
	Property Revaluation
	An independent valuation ofthe property was carried out during 2011 and the report dated 18 February 2011 showed a valuation of E250,000.The trustees estimate that the property value at 31 March 2023 is no less than the Balance Sheet value (valuation and subsequent improvement costs). A professional valuation of part ofthe property was obtained during the year which supports the trustees' opinion ofvalue.
1.3	Incoming Resources
	All incoming resources are included in the statement of financial activities when the charity to the income and the amount can be quantified with reasonable accuracy.	is enfitled
1.4	Resources Expended
	Expenditure is recognised on an accrual basis as a liability incurred. Expenditure includes any VAT which cannot be fully recoverable, and is reported as part of the expenditure to which it relates. All costs are inclusive ofVAT as the charity is not VAT registered
	Costs ofgenerating funds comprise the costs associated with attracting voluntary income.
	Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
	Governance costs include those costs associated with meeting the constitutional and statutory requirements ofthe charity and include the independent examiners fees and costs linked to the strategic management ofthe charity.
1.5	Fund Accounting
	Unrestricted funds are available for use at the discretion ofthe trustees in furtherance of the general objectives ofthe charity.
	Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms ofan appeal.

TANGIBLE FIXEDASSETS
	Freehold	Improvement.	F6 Fi
Cost or Valuation	Property (Valuation)	to Property (Cost)	Equipment (Cost)		Trta!
As at 1 April 2022 Additions	250,000 0	27,558 0	20'Bo5 0	'	298 223 0
As at 31 March 2023	6250,000	627,558	620 665		6298,223
Depreciation
As at 1 April 2022
Charge
As at 31 March 2023		60
Net Book Value
As at 31 March 2023	6250,000	627,558	620,665	'	FZ98,223
As at 31 March 2022	6250,000	627,558	620,665		6298,223
FIXEDASSET INVESTMENT
Subsidiary Company

A summary ofthe results ofCr	ossbow	Bar Lt	d is shown	below.
Income and Expenditure				30.06.22	30.06.21
Income				52,999	3,608
Expenditure				(52,850)	(3,750)
Net Profit (Loss)				6149	6142
Retained Earnings at beginning	of Reporting		Period	(142)
Net Profit (Loss) for the year				149	(142)
Distribution to parent charity					0
Retained Earnings at end of Reporting		Period			6142
Net Assets (Liabilities)					6141
DEBTORS				2023	2022
Trade Debtors Inter Company Account Prepayments and accrued income				3,581 0 3,651	3,825 4,907 3,245
				67232	611977

CREDITORS: amounts falling due one year	CREDITORS: amounts falling due one year	within	within	2023	2022
Inter Company Account Income in Advance Taxes and Social Security Accruals				4,968 2,143 138 3,607	0 943 138 2,786
				810,856	63867
SURPLUS FOR THE YEAR				2023	2022
The surplus ofincome over expenditure after charging:			is stated
Depreciation oftangible fixed	assets
- owned by the Charity Independent Examiners Fee (inc Vat)				0 900	0 840
STAFF COSTS				2023	2022
Gross Pension Contributions				15,912 0	14,915 0
				615,912	f14,915
Average No ofEmployees
TRUSTEES REMUNERATION	AND	RELATED PARTY
TRANSACTIONS
No members ofthe board oftrustees		received any remuneration		during the year.

ANALY	SIS OF NETASSETS BETWEEN	FUNDS
		General	Revaluation
		Reserves	Reserve	Total
Tangible Current Current	Fixed Assets . Assets Liabilities	115,457 100,491 (10,856)	182,766 0 0	298,223 100,491 (10,856)
		8205,092	6182,766	6387,858

General Reserves Revaluation Reserve Total Reserves	182,766 6391,279 01.04.22 208,513	0 664471 Income 64,471	0 967,891) Expenditure (67,891)	0 60 Revaluation ofAssets 0	182,766 F387,859 At 31.03.23 205,093

INCOIIRE FROM CHARITABLE ACTIVITIES	INCOIIRE FROM CHARITABLE ACTIVITIES	2023	2022
Subscriptions and Affilia!ion Fees Hall I-lire and Rents RFC Contributior, s Miscellaneous Subsidiary Company Management	Fees	2,409 40,925 230 700 20,000	1,605 39,160 159 0 0
		f64,264	640,924

CHARITABLEACTIVITIES
			2023	2022
TV Licence Broadband/Telephone Insurance Repairs and Renewals Major Repairs Periodic Servicing and Cleaning Gardening Council Tax Water Rates Heat and Light Licences/PRS Staff Gifts			159 875 2,745 5,291 7,365 13,677 292 316 1,926 17,065 460	159 793 2,764 2,001 16,398 12,728 337 161 672 9,481 990
Donations			0	0
Independent Examination Payroll Services Other Professional Fees Miscellaneous Advertising Wages and Salaries Oflice Costs			0 900 221 372 115 0 15,912 200	0 840 248 462 422 400 14,915 120
			667,891	663,891
RELATED PARTY TRANSACTIONS
There were no related par1y transactions	in	the current year.
RECONCILIATION OF NET MOVEMENTS IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES			2023	2022
Net Movement in funds Deduct interest income Decrease (increase) in debtors Increase (decrease) in creditors			(3,420) (207) 4,745 6,989	5,444 (5) (1,924) 2,246
Net Cash used in Operating Activities			F8,107	F5781