REGISTERED CHARITY NUMBER: 301556
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2022 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 2022
| 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 2022
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 2022
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.
| 2022 | 2021 | |
|---|---|---|
| Surplus/(deficit) | (3,338) | 25,584 |
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 2022
TRUSTEES' RESPONSIBILITIES STATEMENT (CONTINUED)
In preparing these financial statements the Trustees are required to:
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l select suitable accounting policies and the apply them consistently
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l observe the methods and principles in the applicable Charities SORP;
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l make judgements and accounting estimates that are reasonable and prudent;
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l state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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
Page 3
Independent Examiner's Report to the Trustees of Kingswood Community Association
I report on the accounts for the year ended 31 March 2022, 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:
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that accounting records were not kept as required by section 130 of the Act; or
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that the accounts do not accord with those records; or
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that the accounts do not comply with the accounting requirements of the Act; or
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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.
Christopher Barry Ford FCA Chartered Accountant Raymarsh Ford Limited Chartered Accountants Ground Floor 41 High Street Kingswood Bristol BS15 4AA
Page 4
Kingswood Community Association
Statement of Financial Activities for the Year Ended 31 March 2022
| 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 £ £ £ 282 - 282 4,357 - 4,357 50,679 - 50,679 55,318 - 55,318 58,656 - 58,656 (3,338) - (3,338) 150,338 - 150,338 147,000 - 147,000 2022 |
Unrestricted funds Restricted funds £ £ 804 - 41,143 - 12,468 - 54,415 - 28,831 25,584 - 124,754 150,338 - 2021 |
|---|---|---|
The notes form part of these financial statements Page 5
Kingswood Community Association
| Balance Sheet At 31 March 2022 Notes FIXED ASSETS Tangible fixed assets 5 CURRENT ASSETS Stocks 6 Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS/(LIABILITIES) NET ASSETS FUNDS 9 Unrestricted funds Restricted funds TOTAL ASSETS LESS CURRENT LIABILITIES |
2022 £ 116,123 10 2,924 30,708 (2,765) 30,877 147,000 147,000 147,000 - 147,000 |
2021 £ 120,898 10 1,300 32,666 (4,536) 29,440 150,338 150,338 150,338 - 150,338 |
|---|---|---|
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
L Pickup - Vice Chairman Trustee
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 2022
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.
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Kingswood Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
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 |
2022 Unrestricted Restricted £ £ 4,725 - 31 - - - - - 43,689 - 2,234 - - - - - 50,679 - |
2021 Total £ 1,800 - 818 - 9,670 180 - - 12,468 |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There are no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
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Kingswood Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
4. STAFF COSTS
The total staff costs and employee benefits for the reporting period are analysed as follows.
| 2022 £ Wages and salaries 44,324 The average number of employees during the period was 7 No employee received employee benefits of more than £60,000 during the year (2021: Nil). 5. TANGIBLE FIXED ASSETS Freehold property Equipment £ £ Cost brought forward 256,068 20,010 Additions - - Disposals - - Cost carried forward 256,068 20,010 Accumulated depreciation brought forward 135,283 19,897 Charge for the period 4,663 112 Disposals - - 139,946 20,009 Net book value at 31 March 2022 116,122 1 Net book value at 31 March 2021 120,785 113 6. STOCKS 2022 £ Raw materials and consumables 10 7. DEBTORS 2022 £ Trade debtors 2,924 Loan with Kingswood Community Social Club - 2,924 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Trade creditors 1,050 Accruals 960 Social security and other taxes 161 Wages 594 2,765 |
2021 £ 53,415 7 Total £ 276,078 - - 276,078 155,180 4,775 - 159,955 116,123 120,898 2021 £ 10 2021 £ - 1,300 1,300 2021 £ - 756 99 3,681 4,536 |
|---|---|
Page 9
Kingswood Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. MOVEMENT OF FUNDS
| At 1 April 2021 £ Unrestricted funds General fund 150,338 Restricted funds GB Britton - TOTAL FUNDS 150,338 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 55,318 Restricted funds GB Britton - TOTAL FUNDS 55,318 Comparatives for movement in funds At 1 April 2020 £ Unrestricted funds General fund 124,754 Restricted funds GB Britton - TOTAL FUNDS 124,754 Comparative 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 |
Net movement in funds £ (3,338) - (3,338) Resources expended £ (58,656) - (58,656) Net movement in funds £ 25,584 - 25,584 Resources expended £ (28,831) - (28,831) |
At 31 March 2022 £ 147,000 - 147,000 Movement in funds £ (3,338) - (3,338) At 31 March 2021 £ 150,338 - 150,338 Movement in funds £ 25,584 - 25,584 |
|---|---|---|
Page 10
Kingswood Community Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
10. 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 |
2022 £ 6,466 (4,725) 1,741 (1,405) 336 |
2021 £ 2,687 (1,800) 887 (2,292) (1,405) |
|---|---|---|
Page 11
Kingswood Community Association for the Year Ended 31 March 2022
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 2022
| Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted Restricted | Unrestricted Restricted | |||
| £ | £ | £ | £ | |
| INCOMING RESOURCES | ||||
| Voluntary income | ||||
| Donations | - | - | - | - |
| Membership subscriptions | 282 | - | 804 | - |
| Activities for generating funds | 282 | - | 804 | - |
| KCA Social club | 4,725 | - | 1,800 | - |
| Canteen | 31 | - | - | - |
| Evening classes | - | - | 818 | - |
| Penalty clauses | - | - | - | - |
| Groups and club lettings | 43,689 | - | 9,670 | - |
| Car park rents | 2,234 | - | 180 | - |
| Social functions | - | - | - | - |
| Sundries | - | - | - | - |
| Grants | 4,357 | - | 41,143 | - |
| 55,036 | - | 53,611 | - | |
| Total incoming resources | 55,318 | - | 54,415 | - |
| RESOURCES EXPENDED | ||||
| Charitable activities | ||||
| Canteen | - | - | - | - |
| Evening classes | - | - | - | - |
| Teachers fee | (420) | - | - | - |
| Penalty clauses refunds | (500) | - | (390) | - |
| Support costs | (920) | - | (390) | - |
| Management | ||||
| Staff costs | (44,324) | - | (53,415) | - |
| Furlough grants | 14,969 | - | 49,122 | - |
| Premises costs | (11,173) | - | (7,671) | - |
| Communications & IT | (2,899) | - | (1,263) | - |
| Printing & stationery | (181) | - | (1,633) | - |
| Insurances & licenses | (7,689) | - | (7,681) | - |
| Donations | - | - | - | - |
| Sundries | (264) | - | (4) | - |
| Depreciation | (4,775) | - | (4,850) | - |
| Finance | ||||
| Finance costs | (377) | - | (320) | - |
| Accountancy | (1,023) | - | (726) | - |
| (57,736) | - | (28,441) | - | |
| Transfers between fund | - | - | - | - |
| TOTAL RESOURCES EXPENDED | (58,656) | - | (28,831) | - |
| Net (expenditure)/income | (3,338) | - | 25,584 | - |
This page does not form part of the statutory financial statements Page 13