REGISTERED CHARITY NUMBER: 301673
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
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 2022
| 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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 24 July 2023 and signed on its behalf by:
D Brassington - Trustee
Page 1
Hungerford Community Association
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 100 Other trading activities 2 25,217 Investment income 3 - Other income 29,451 Total 54,768 EXPENDITURE ON Other 25,075 NET INCOME 29,693 RECONCILIATION OF FUNDS Total funds brought forward 122,287 TOTAL FUNDS CARRIED FORWARD 151,980 |
Restricted fund £ - - - - - - - - - |
2022 Total funds £ 100 25,217 - 29,451 54,768 25,075 29,693 122,287 151,980 |
2021 Total funds £ - 24,346 17,383 - |
|---|---|---|---|
| 41,729 | |||
| 22,871 | |||
| 18,858 103,429 |
|||
| 122,287 |
The notes form part of these financial statements
Page 2
Hungerford Community Association
Balance Sheet 31 December 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 6 34,248 CURRENT ASSETS Debtors 7 81,924 Cash at bank and in hand 43,115 125,039 CREDITORS Amounts falling due within one year 8 (7,307) NET CURRENT ASSETS 117,732 TOTAL ASSETS LESS CURRENT LIABILITIES 151,980 NET ASSETS 151,980 FUNDS 9 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
2022 Total funds £ 34,248 81,924 43,115 125,039 (7,307) 117,732 151,980 151,980 151,980 151,980 |
2021 Total funds £ 34,029 82,736 11,117 |
|---|---|---|---|
| 93,853 (5,595) |
|||
| 88,258 | |||
| 122,287 | |||
| 122,287 | |||
| 122,287 | |||
| 122,287 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 July 2023 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 2022
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 Rent Received INVESTMENT INCOME Grants |
2022 £ 19,300 5,917 25,217 2022 £ - |
2021 £ 12,346 12,000 |
|---|---|---|
| 24,346 | ||
| 2021 £ 17,383 |
Page 4
continued...
Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Other trading activities 24,346 Investment income 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 6. TANGIBLE FIXED ASSETS Improvements Freehold to property property £ £ COST At 1 January 2022 25,000 25,090 Additions - - At 31 December 2022 25,000 25,090 DEPRECIATION At 1 January 2022 - 17,198 Charge for year - - At 31 December 2022 - 17,198 NET BOOK VALUE At 31 December 2022 25,000 7,892 At 31 December 2021 25,000 7,892 |
Restricted fund £ - - - - - - - Fixtures and fittings £ 37,363 458 37,821 36,226 239 36,465 1,356 1,137 |
Total funds £ 24,346 17,383 |
|---|---|---|
| 41,729 | ||
| 22,871 | ||
| 18,858 103,429 |
||
| 122,287 | ||
| Totals £ 87,453 458 87,911 53,424 239 53,663 34,248 34,029 |
Page 5
continued...
Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 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 1.1.22 £ 122,287 122,287 Incoming resources £ 54,768 54,768 At 1.1.21 £ 103,429 103,429 |
2022 2021 £ £ 80,108 80,608 1,360 1,350 456 778 81,924 82,736 2022 2021 £ £ 2,900 2,900 4,407 2,695 7,307 5,595 Net movement At in funds 31.12.22 £ £ 29,693 151,980 29,693 151,980 Resources Movement expended in funds £ £ (25,075) 29,693 (25,075) 29,693 Net movement At in funds 31.12.21 £ £ 18,858 122,287 18,858 122,287 |
2021 £ 80,608 1,350 778 82,736 2021 £ 2,900 2,695 5,595 At 31.12.22 £ 151,980 |
2021 £ 80,608 1,350 778 |
2021 £ 80,608 1,350 778 |
|---|---|---|---|---|---|
| 82,736 | |||||
| 2021 £ 2,900 2,695 |
|||||
| 5,595 | |||||
| 151,980 | |||||
| 122,287 |
Page 6
continued...
Hungerford Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
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 | 41,729 | (22,871) | 18,858 |
| TOTAL FUNDS | 41,729 | (22,871) | 18,858 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.21 £ 103,429 103,429 |
Net movement in funds £ 48,551 48,551 |
At 31.12.22 £ 151,980 |
|---|---|---|---|
| 151,980 |
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 | 96,497 | (47,946) | 48,551 |
| TOTAL FUNDS | 96,497 | (47,946) | 48,551 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 7
Hungerford Community Association
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Memberships | 100 | - |
| Other trading activities | ||
| Hall Hire | 19,300 | 12,346 |
| Rent Received | 5,917 | 12,000 |
| 25,217 | 24,346 | |
| Investment income | ||
| Grants | - | 17,383 |
| Other income | ||
| Deed of easement | 29,451 | - |
| Total incoming resources | 54,768 | 41,729 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Rates and water | 1,331 | 314 |
| Insurance | 2,670 | 2,467 |
| Light and heat | 12,750 | 9,071 |
| Telephone & internet | 837 | 596 |
| Cleaning & Sundries | 737 | 1,127 |
| Licences | 462 | 536 |
| Repairs & Renewals | 5,228 | 7,710 |
| Bureau Charges | 240 | 240 |
| Accountancy | 500 | 550 |
| Legal fees | - | 50 |
| Fixtures and fittings | 239 | 201 |
| 24,994 | 22,862 | |
| Finance | ||
| Bank Interest | - | 9 |
| Bank charges | 81 | - |
| 81 | 9 | |
| Total resources expended | 25,075 | 22,871 |
| Net income | 29,693 | 18,858 |
This page does not form part of the statutory financial statements
Page 8