**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: - l select suitable accounting policies and the apply them consistently - l observe the methods and principles in the applicable Charities SORP; - l make judgements and accounting estimates that are reasonable and prudent; - l state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - l 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 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)