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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 301556

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2021 for

Kingswood Community Association

Raymarsh Ford Limited Chartered Accountants Ground Floor 41 High Street Kingswood Bristol BS15 4AA

Kingswood Community Association

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 11
Detailled Statement of Financial Activities 12 to 13

Kingswood Community Association

Report of the Trustees for the Year Ended 31 March 2021

The Trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) '"Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number

301556

Principal address

Community Centre High Street Kingswood Bristol BS15 4AB

Trustees

A Rankin (deceased 13 June 2020) R Hamblin J Hurst J Lewis L Pickup

Independent examiner

Raymarsh Ford Limited Chartered Accountants Ground Floor 41 High Street Kingswood Bristol BS15 4AA

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust. This constitutes an unincorporated charity registered on 13 November 1962 and governed by a constitution amended on 29 January 1979 and 1 March 1982.

Organisational structure

The charity was under the trusteeship of Mr Hamblin, Mr Hurst, Mr Pickup and Mr Lewis.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the Association are (i) to promote the benefit of the inhabitants of the area of benefit by means of advancing education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants (ii) the establishment and maintenance of a community centre. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charities aims and objectives and in planning future activities.

Significant activities

The main area of charitable activity has continued to be the provision of the community centre facilities to a wide range of groups and clubs engaged in educational, social and leisure activities.

Page 1

Kingswood Community Association

Report of the Trustees (continued) for the Year Ended 31 March 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Trustees have focused their continued efforts on endeavouring to maintain the level of donations and funds raised to support charitable aims.

The charity reported the following results in the year.

2021 2020
Surplus/(deficit) 25,584 (13,454)

There is limited scope for increasing the income of the charity whether from lettings to groups and clubs or from its associated organisation, the Kingswood Community Centre Social Club and sound financial management is necessary to ensure the charity's viability.

Investment performance

The charity only invests money with UK banks and seeks to obtain the best rate of return for the least financial risk.

FINANCIAL REVIEW

Reserves policy

The charity holds sufficient reserves to meet the funding requirements needed to cover the cost of services for the following year.

TRUSTEES' RESPONSIBILITY STATEMENT

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year that give a trues and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

Page 2

Kingswood Community Association

Report of the Trustees (continued) for the Year Ended 31 March 2021

TRUSTEES' RESPONSIBILITIES STATEMENT (CONTINUED)

In preparing these financial statements the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the Trust Deed. 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.

Approved by order of the board of trustees and signed on its behalf by:

L Pickup Vice Chairman

Date 01 Jun 2021

Page 3

Independent Examiner's Report to the Trustees of Kingswood Community Association

I report on the accounts for the year ended 31 March 2021, which are set out on the pages five to eleven.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements on the Charities Act 2011 ("the Act").

I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ("the Act"). In carrying out my examination I have followed the Directions givent by the Charity Commission under section 145(5)(b) of the 2011 Act.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. that accounting records were not kept as required by section 130 of the Act; or

  2. that the accounts do not accord with those records; or

  3. that the accounts do not comply with the accounting requirements of the Act; or

  4. that there is further information needed for a proper understanding of the accounts.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following Directions of the Charity Commission, I have found no matters that require drawing to your attention.

Chris Ford

Christopher Barry Ford FCA Chartered Accountant Raymarsh Ford Limited Chartered Accountants Ground Floor 41 High Street Kingswood Bristol BS15 4AA

01 Jun 2021

Page 4

Kingswood Community Association

Statement of Financial Activities for the Year Ended 31 March 2021

Notes
INCOMING RESOURCES
Voluntary income
Grants
Activities for generating funds
2
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Expenditure on charitable activities
NET INCOMING (EXPENDITURE)/RESOURCES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Incoming resources generated
from funds		 Unrestricted
funds
Restricted
funds
Total
funds
£
£
£
804
-
804
41,143
-
41,143
12,468
-
12,468
54,415
-
54,415
28,831
-
28,831
25,584
-
25,584
124,754
-
124,754
150,338
-
150,338
2021		 Unrestricted
funds
Restricted
funds
£
£
1,362
-
-
-
87,471
-
88,833
-
102,091
196
(13,258)
(196)
138,012
196
124,754
-
2020

The notes form part of these financial statements Page 5

Kingswood Community Association

Balance Sheet
At 31 March 2021
Notes
FIXED ASSETS
Tangible fixed assets
5
CURRENT ASSETS
Stocks
6
Cash at bank
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS/(LIABILITIES)
NET ASSETS
FUNDS
8
Unrestricted funds
Restricted funds
TOTAL ASSETS LESS CURRENT
LIABILITIES		 2021
£
120,898
10
32,666
(4,437)
28,239
149,137
149,137
150,338
-
150,338		 2020
£
125,748
10
51
(1,055)
(994)
124,754
124,754
124,754
-
124,754

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

L Pickup - Vice Chairman Trustee

01 Jun 2021 Date:

The notes form part of these financial statements Page 6

Kingswood Community Association

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Stataement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of the revaluation less any subsequent accumulated depreciation and impairment losses.

An increase in the carrying value of an asset as a result of a revaluation is recognised in other recognised gains and losses unless it reverses a charge for impairment that has been previously recognised as expenditure within the statement of financial activities. A decrease in the carrying value of an asset as a result of a revaluation is recognised in other recognised gains and losses except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset less its residual value over the useful economic life of that asset as follows:

Freehold property 2% straight line on buildings Equipment and furniture 20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Page 7

Kingswood Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES - continued

Impairment of fixed assets - continued

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriction arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. ACTIVITIES FOR GENERATING FUNDS

CTIVITIES FOR GENERATING FUNDS
KCA Social club
Canteen
Evening classes
Penalty clauses
Groups and club lettings
Car park rents
Social functions
Sundries		 2021
Unrestricted
Restricted
£
£
1,800
-
-
-
818
-
-
-
9,670
-
180
-
-
-
-
-
12,468
-		 2020
Total
£
11,735
67
2,083
1,200
62,492
4,965
4,929
-
87,471

3. TRUSTEES' REMUNERATION AND BENEFITS

There are no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Page 8

Kingswood Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

4. STAFF COSTS

The total staff costs and employee benefits for the reporting period are analysed as follows.

Wages and salaries
The average number of employees during the period was		 2020
£
53,415
7		 2019
£
57,008
7

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

5. TANGIBLE FIXED ASSETS

Freehold
property
£
Cost brought forward
256,068
Additions
-
Disposals
-
Cost carried forward
256,068
Accumulated depreciation brought forward
130,620
Charge for the period
4,663
Disposals
-
135,283
Net book value at 31 March 2021
120,785
Net book value at 31 March 2020
125,448
6. STOCKS
Raw materials and consumables
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals
Social security and other taxes		 Equipment
£
20,010
-
-
20,010
19,710
187
-
19,897
113
300
2021
£
10
2021
£
756
3,681
4,437		 Total
£
276,078
-
-
276,078
150,330
4,850
-
155,180
120,898
125,748
2020
£
10
2020
£
750
305
1,055

Page 9

Kingswood Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

8. MOVEMENT OF FUNDS

At 1 April
2020
£
Unrestricted funds
General fund
124,754
Restricted funds
GB Britton
-
TOTAL FUNDS
124,754
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
54,415
Restricted funds
GB Britton
-
TOTAL FUNDS
54,415
Comparatives for movement in funds
At 1 April
2019
£
Unrestricted funds
General fund
138,012
Restricted funds
GB Britton
196
TOTAL FUNDS
138,208
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
88,833
Restricted funds
GB Britton
-
TOTAL FUNDS
88,833		 Net
movement
in funds
£
25,584
-
25,584
Resources
expended
£
(28,831)
-
(28,831)
Net
movement
in funds
£
(13,258)
(196)
(13,454)
Resources
expended
£
(102,091)
(196)
(102,287)		 At 31
March
2021
£
150,338
-
150,338
Movement
in funds
£
25,584
-
25,584
At 31
March
2020
£
124,754
-
124,754
Movement
in funds
£
(13,258)
(196)
(13,454)

Page 10

Kingswood Community Association

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

9. RELATED PARTIES

Kingswood Community Association Social Club

The balances are not consolidated are:

Surplus for the period - before payments to the KCA
Payments to the KCA
Surplus/(deficit) for the period
Accumulated fund brought forward
Accumulated fund carried forward		 2021
£
2,687
(1,800)
887
(2,292)
(1,405)		 2020
£
6,671
(11,735)
(5,064)
2,772
(2,292)

Page 11

Kingswood Community Association for the Year Ended 31 March 2021

The following pages do not form part of the financial statements

Page 12

Kingswood Community Association

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

----- Start of picture text -----
|||||| |---|---|---|---|---| |2021|2020| |Unrestricted|Restricted|Unrestricted|Restricted| |£|£|£|£| |INCOMING RESOURCES| |Voluntary income| |Donations|-|-|-|-| |Membership subscriptions|804|-|1,362|-| |804|-|1,362|-| |Activities for generating funds| |KCA Social club|1,800|-|11,735|-| |Canteen|-|-|67|-| |Evening classes|818|-|2,083|-| |Penalty clauses|-|-|1,200|-| |Groups and club lettings|9,670|-|62,492|-| |Car park rents|180|-|4,965|-| |Social functions|-|-|4,929|-| |Sundries|-|-|-|-| |Grants|41,143|-|-|-| |53,611|-|87,471|-| |Total incoming resources|54,415|-|88,833|-| |RESOURCES EXPENDED| |Charitable activities| |Canteen|-|-|(22)|-| |Evening classes|-|-|(1,448)|-| |Penalty clauses refunds|(390)|-|(1,930)|-| |(390)|-|(3,400)|-| |Support costs| |Management| |Staff costs|(53,415)|-|(57,008)|-| |Furlough grants|49,122|-|-|-| |Premises costs|(7,671)|-|(25,971)|-| |Communications & IT|(1,263)|-|(1,233)|-| |Printing & stationery|(1,633)|-|(2,392)|-| |Insurances & licenses|(7,681)|-|(6,345)|-| |Donations|-|-|-|-| |Sundries|(4)|-|(126)|-| |Depreciation|(4,850)|-|(4,850)|-| |Finance| |Finance costs|(320)|-|(492)|-| |Accountancy|(726)|-|(470)|-| |(28,441)|-|(98,887)|-| |Transfers between fund|-|-|196|(196)| |TOTAL RESOURCES EXPENDED|(28,831)|-|(102,091)|(196)| |Net (expenditure)/income|25,584|-|(13,258)|(196)|

----- End of picture text -----

This page does not form part of the statutory financial statements Page 13

Issuer Raymarsh Ford Document generated Tue, 1st Jun 2021 15:00:01 BST Document fingerprint 352abe8be9356b49a06e9340d0e7f848

Parties involved with this document

Document processed Party + Fingerprint Tue, 1st Jun 2021 15:59:14 BST Mr Lloyd Pickup - Signer (17fdfe952243c0ce0f8d0f4c79c2320c) Tue, 1st Jun 2021 16:13:15 BST Chris Ford - Signer (3730088e67247b8fdbfdd88a3490bed3)

Audit history log

Date

Action

Tue, 1st Jun 2021 16:13:15 BST The envelope has been signed by all parties. (62.30.197.3) Tue, 1st Jun 2021 16:13:15 BST Chris Ford signed the envelope. (62.30.197.3) Tue, 1st Jun 2021 16:12:47 BST Chris Ford viewed the envelope. (62.30.197.3) Tue, 1st Jun 2021 15:59:15 BST Document emailed to party email (35.178.225.181) Tue, 1st Jun 2021 15:59:14 BST Sent the envelope to Chris Ford for signing. (92.233.152.143) Tue, 1st Jun 2021 15:59:14 BST Mr Lloyd Pickup signed the envelope. (92.233.152.143) Tue, 1st Jun 2021 15:54:37 BST Mr Lloyd Pickup viewed the envelope. (92.233.152.143) Tue, 1st Jun 2021 15:00:03 BST Sent the envelope to Mr Lloyd Pickup for signing. (3.8.78.77) Tue, 1st Jun 2021 15:00:11 BST Document emailed to party email (18.130.230.45) Tue, 1st Jun 2021 15:00:03 BST Chris Ford has been assigned to this envelope. (3.8.78.77) Tue, 1st Jun 2021 15:00:03 BST Mr Lloyd Pickup has been assigned to this envelope. (3.8.78.77) Tue, 1st Jun 2021 15:00:03 BST Envelope generated. (3.8.78.77) Tue, 1st Jun 2021 15:00:03 BST Document generated with fingerprint 352abe8be9356b49a06e9340d0e7f848. (3.8.78.77) Tue, 1st Jun 2021 15:00:01 BST Envelope generated with fingerprint 85e86fd662ae1ae074685beb182c4ecc (52.56.255.147)