REGISTERED CHARITY NUMBER: 301673
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for
Hungerford Community Association
Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE
Hungerford Community Association
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
Hungerford Community Association
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The trustees are responsible for safeguarding the assets of the charity and hence for taking steps for the prevention and detection of fraud and other irregularities. They are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity.
The main object of the charity is the provision of facilities to enable the local community to hold religious meetings, to run various children groups and educational groups as well as other social events and activities throughout the year.
The financial results for the year are as reported on attached pages 3 to 7. With ever increasing running and maintenance costs, our intention is to promote the further facilities for the benefit and good of the Hungerford Community.
As in previous years, we would like to thank our voluntees for their valued hard work and dedication during the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a constitution and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 301673
Principal address
Hungerford Community Centre Hungerford Road Bristol BS4 5EX
Trustees
D Brassington M Smith S Morrisey
Managing Committee
K Daly (Chairperson) C Morrisey (Secretary) D Brassington (Treasurer) E Gadd (Assistant Treasurer) B Smith (Committee) S Hurley (Committee) S Morrisey (Committee) T Daly (Committee) C Stocks (Committee) J Daly (Committee) S Chalker (Committee) M Stocks (Committee)
Approved by order of the board of trustees on 30 September 2021 and signed on its behalf by:
D Brassington - Trustee
Page 1
Hungerford Community Association
Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,388 Other trading activities 2 17,893 Investment income 3 11,334 Other income - Total 32,615 EXPENDITURE ON Other 15,788 NET INCOME 16,827 RECONCILIATION OF FUNDS Total funds brought forward 86,602 TOTAL FUNDS CARRIED FORWARD 103,429 |
Restricted fund £ - - - - - - - - - |
2020 Total funds £ 3,388 17,893 11,334 - 32,615 15,788 16,827 86,602 103,429 |
2019 Total funds £ 354 21,479 - 1,307 |
|---|---|---|---|
| 23,140 19,090 |
|||
| 4,050 82,552 |
|||
| 86,602 |
The notes form part of these financial statements
Page 2
Hungerford Community Association
Balance Sheet 31 December 2020
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 33,471 CURRENT ASSETS Debtors 7 70,892 Cash at bank and in hand 4,935 75,827 CREDITORS Amounts falling due within one year 8 (5,869) NET CURRENT ASSETS 69,958 TOTAL ASSETS LESS CURRENT LIABILITIES 103,429 NET ASSETS 103,429 FUNDS 9 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
2020 Total funds £ 33,471 70,892 4,935 75,827 (5,869) 69,958 103,429 103,429 103,429 103,429 |
2019 Total funds £ 33,424 59,951 988 |
|---|---|---|---|
| 60,939 (7,761) |
|||
| 53,178 | |||
| 86,602 | |||
| 86,602 | |||
| 86,602 | |||
| 86,602 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 September 2021 and were signed on its behalf by:
D Brassington - Trustee
The notes form part of these financial statements
Page 3
Hungerford Community Association
Notes to the Financial Statements for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance basis
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. Restrictions 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. OTHER TRADING ACTIVITIES
3.
| Hall Hire Fundraising Rent Received INVESTMENT INCOME Grants |
2020 £ 3,468 1,052 13,373 17,893 2020 £ 11,334 |
2019 £ 9,479 - 12,000 |
|---|---|---|
| 21,479 | ||
| 2019 £ - |
Page 4
continued...
Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
6.
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 354 Other trading activities 21,479 Other income 1,307 Total 23,140 EXPENDITURE ON Other 19,090 NET INCOME 4,050 RECONCILIATION OF FUNDS Total funds brought forward 82,552 TOTAL FUNDS CARRIED FORWARD 86,602 TANGIBLE FIXED ASSETS Improvements Freehold to property property £ £ COST At 1 January 2020 25,000 25,090 Additions - - At 31 December 2020 25,000 25,090 DEPRECIATION At 1 January 2020 - 17,198 Charge for year - - At 31 December 2020 - 17,198 NET BOOK VALUE At 31 December 2020 25,000 7,892 At 31 December 2019 25,000 7,892 |
Restricted fund £ - - - - - - - - Fixtures and fittings £ 36,455 150 36,605 35,923 103 36,026 579 532 |
Total funds £ 354 21,479 1,307 23,140 19,090 4,050 82,552 86,602 Totals £ 86,545 150 86,695 53,121 103 53,224 33,471 33,424 |
Total funds £ 354 21,479 1,307 |
|---|---|---|---|
| 23,140 19,090 |
|||
| 4,050 82,552 |
|||
| 86,602 |
Page 5
continued...
Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Loan to Social Club | 69,908 | 59,258 | ||
| VAT | 854 | 435 | ||
| Prepayments | 130 | 258 | ||
| 70,892 | 59,951 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Loans Received from members | 2,900 | 2,900 | ||
| Creditors & Accrued expenses | 2,969 | 4,861 | ||
| 5,869 | 7,761 | |||
| 9. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.20 | in funds | 31.12.20 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 86,602 | 16,827 | 103,429 | |
| TOTAL FUNDS | 86,602 | 16,827 | 103,429 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 32,615 | (15,788) | 16,827 | |
| TOTAL FUNDS | 32,615 | (15,788) | 16,827 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.19 | in funds | 31.12.19 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 82,552 | 4,050 | 86,602 | |
| TOTAL FUNDS | 82,552 | 4,050 | 86,602 |
Page 6
continued...
Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 23,140 | (19,090) | 4,050 |
| TOTAL FUNDS | 23,140 | (19,090) | 4,050 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 82,552 | 20,877 | 103,429 |
| TOTAL FUNDS | 82,552 | 20,877 | 103,429 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 55,755 | (34,878) | 20,877 |
| TOTAL FUNDS | 55,755 | (34,878) | 20,877 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
Page 7
Hungerford Community Association
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 3,043 | - |
| Memberships | 345 | 354 |
| 3,388 | 354 | |
| Other trading activities | ||
| Hall Hire | 3,468 | 9,479 |
| Fundraising | 1,052 | - |
| Rent Received | 13,373 | 12,000 |
| 17,893 | 21,479 | |
| Investment income | ||
| Grants | 11,334 | - |
| Other income | ||
| Insurance Claim | - | 1,307 |
| Total incoming resources | 32,615 | 23,140 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Rates and water | 356 | 2,050 |
| Insurance | 2,961 | 2,339 |
| Light and heat | 5,853 | 7,319 |
| Telephone & internet | 558 | 550 |
| Advertising | 28 | - |
| Cleaning & Sundries | 1,065 | 1,537 |
| Licenses | 1,067 | 383 |
| Repairs & Renewals | 2,818 | 4,033 |
| Bureau Charges | 240 | 240 |
| Accountancy | 740 | 545 |
| Fixtures and fittings | 102 | 94 |
| 15,788 | 19,090 | |
| Total resources expended | 15,788 | 19,090 |
| Net income | 16,827 | 4,050 |
This page does not form part of the statutory financial statements
Page 8