REGISTERED CHARITY NUMBER: 301673
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
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 2021
| 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 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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.
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 volunteers 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 J Staples
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 ............................................. and signed on its behalf by:
........................................................................
D Brassington - Trustee
Page 1
Hungerford Community Association
Statement of Financial Activities for the Year Ended 31 December 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Other trading activities 2 24,346 Investment income 3 17,383 Total 41,729 EXPENDITURE ON Other 22,871 NET INCOME 18,858 RECONCILIATION OF FUNDS Total funds brought forward 103,429 TOTAL FUNDS CARRIED FORWARD 122,287 |
Restricted fund £ - - - - - - - - |
2021 Total funds £ - 24,346 17,383 41,729 22,871 18,858 103,429 122,287 |
2020 Total funds £ 3,388 17,893 11,334 |
|---|---|---|---|
| 32,615 15,788 |
|||
| 16,827 86,602 |
|||
| 103,429 |
The notes form part of these financial statements
Page 2
Hungerford Community Association
Balance Sheet 31 December 2021
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 34,029 CURRENT ASSETS Debtors 7 82,736 Cash at bank and in hand 11,117 93,853 CREDITORS Amounts falling due within one year 8 (5,595) NET CURRENT ASSETS 88,258 TOTAL ASSETS LESS CURRENT LIABILITIES 122,287 NET ASSETS 122,287 FUNDS 9 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
2021 Total funds £ 34,029 82,736 11,117 93,853 (5,595) 88,258 122,287 122,287 122,287 122,287 |
2020 Total funds £ 33,471 70,892 4,935 |
|---|---|---|---|
| 75,827 (5,869) |
|||
| 69,958 | |||
| 103,429 | |||
| 103,429 | |||
| 103,429 | |||
| 103,429 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 2021
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 |
2021 £ 12,346 - 12,000 24,346 2021 £ 17,383 |
2020 £ 3,468 1,052 13,373 |
|---|---|---|
| 17,893 | ||
| 2020 £ 11,334 |
Page 4
continued...
Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
6.
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,388 Other trading activities 17,893 Investment income 11,334 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 TANGIBLE FIXED ASSETS Improvements Freehold to property property £ £ COST At 1 January 2021 25,000 25,090 Additions - - At 31 December 2021 25,000 25,090 DEPRECIATION At 1 January 2021 - 17,198 Charge for year - - At 31 December 2021 - 17,198 NET BOOK VALUE At 31 December 2021 25,000 7,892 At 31 December 2020 25,000 7,892 |
Restricted fund £ - - - - - - - - Fixtures and fittings £ 36,605 758 37,363 36,026 200 36,226 1,137 579 |
Total funds £ 3,388 17,893 11,334 |
|---|---|---|
| 32,615 15,788 |
||
| 16,827 86,602 |
||
| 103,429 | ||
| Totals £ 86,695 758 87,453 53,224 200 53,424 34,029 33,471 |
Page 5
continued...
Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Loan to Social Club VAT Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Loans Received from members Creditors & Accrued expenses 9. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.1.21 £ 103,429 103,429 Incoming resources £ 41,729 41,729 At 1.1.20 £ 86,602 86,602 |
2021 2020 £ £ 80,608 69,908 1,350 854 778 130 82,736 70,892 2021 2020 £ £ 2,900 2,900 2,695 2,969 5,595 5,869 Net movement At in funds 31.12.21 £ £ 18,858 122,287 18,858 122,287 Resources Movement expended in funds £ £ (22,871) 18,858 (22,871) 18,858 Net movement At in funds 31.12.20 £ £ 16,827 103,429 16,827 103,429 |
2020 £ 69,908 854 130 70,892 2020 £ 2,900 2,969 5,869 At 31.12.21 £ 122,287 |
2020 £ 69,908 854 130 |
2020 £ 69,908 854 130 |
|---|---|---|---|---|---|
| 70,892 | |||||
| 2020 £ 2,900 2,969 |
|||||
| 5,869 | |||||
| 122,287 |
Page 6
continued...
Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
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 | 32,615 | (15,788) | 16,827 |
| TOTAL FUNDS | 32,615 | (15,788) | 16,827 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.20 £ 86,602 86,602 |
Net movement in funds £ 35,685 35,685 |
At 31.12.21 £ 122,287 |
|---|---|---|---|
| 122,287 |
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 | 74,344 | (38,659) | 35,685 |
| TOTAL FUNDS | 74,344 | (38,659) | 35,685 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 7
Hungerford Community Association
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | - | 3,043 |
| Memberships | - | 345 |
| - | 3,388 | |
| Other trading activities | ||
| Hall Hire | 12,346 | 3,468 |
| Fundraising | - | 1,052 |
| Rent Received | 12,000 | 13,373 |
| 24,346 | 17,893 | |
| Investment income | ||
| Grants | 17,383 | 11,334 |
| Total incoming resources | 41,729 | 32,615 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Rates and water | 314 | 356 |
| Insurance | 2,467 | 2,961 |
| Light and heat | 9,071 | 5,853 |
| Telephone & internet | 596 | 558 |
| Advertising | - | 28 |
| Cleaning & Sundries | 1,127 | 1,065 |
| Licences | 536 | 1,067 |
| Repairs & Renewals | 7,710 | 2,818 |
| Bureau Charges | 240 | 240 |
| Accountancy | 550 | 740 |
| Legal fees | 50 | - |
| Fixtures and fittings | 201 | 102 |
| 22,862 | 15,788 | |
| Finance | ||
| Bank Interest | 9 | - |
| Total resources expended | 22,871 | 15,788 |
| Net income | 18,858 | 16,827 |
This page does not form part of the statutory financial statements
Page 8