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2020-12-31-accounts

Charity registration number: 301897

New Milton and District Community Association

Annual Report and Financial Statements

for the year ended 31 December 2020

New Milton and District Community Association

Contents

Reference and Administrative Details………………………………………………...… 1 Trustees’ Report………………………………………………………………… 2 to 5 Independent examiner’s report……………………………………………………. 6 to 7 Accounting Policies (Note 1 to Financial Statements) ………………………...... 8 to 9 Statement of Financial Activities (Income & Expenditure) ………………………… 10 Balance Sheet………………………………………………………………………… 11 Notes to Financial Statements (Notes 2 to 16 )………………………………… 12 to 17 The following pages do not form part of the statutory financial statements Statement of financial activities per fund………………………………………….18 to 19

New Milton and District Community Association

Reference and Administrative Details

Charity name New Milton and District Community Association
Charity registration number 301897
Principal office The Community Centre
Osborne Road
New Milton
Hampshire
BH25 6EA
Trustees G Denson
W Maund
R Ferguson
Bankers Lloyds Bank Plc
4 Castle Street
Christchurch
Dorset
Independent Terence L. Smith & Co.
Examining Chartered Accountants
Accountant 38A Station Road
New Milton
Hampshire
BH25 6JX

Page 1

New Milton and District Community Association

Trustees’ Report

The Trustees present their Report and Accounts for the year ended December 31[st] December 2020.

Trustees

The Trustees are named on Page 1 and all three have served throughout the year. Appointment of the trustees is made by the Council as governed by the Constitution of the Association. The Council is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing Trustee.

Constitution, Objectives and Policies

The New Milton and District Community Association (NMDCA) is governed by its Constitution and its objectives are to promote the benefit of the inhabitants of New Milton and the neighbourhood, and to secure the establishment of the Community Centre for this purpose.

The policy of the Association continues to be to raise finance from subscriptions, donations and fundraising activities to continue to benefit the inhabitants of New Milton and the neighbourhood.

The Trustees delegate the day to day responsibility of running the Association to the Executive Committee.

The Trustees, in relation to new trustees, will use the Executive Committee for the administrative process. The guidance ‘Trustees and Governance (CC30)’ provided by the Charity Commissioners will be followed and covers:-

The guidance provides the Trustees with options at each stage of the process and it is up to the Trustees to select the preferred option. The guidance recognises that each charity has different needs but clearly identifies the statutory (legal) obligations and the need for ongoing training as required for new Trustees to meet their obligations.

Page 2

New Milton and District Community Association

Trustees’ Report

CORONAVIRUS

Unfortunately due to the corona-virus the Centre was shut for seven months during 2020. After the initial lockdown a limited number of activities took place under the guidelines (teaching exemptions and the Rule of Six). However, with the rate of infection increasing, lower demand, safety considerations and further restrictions the Centre closed. The Executive Committee’s position on re-opening is dependent on the R rate being less than one.

Membership

As at 31[st] December 2020 the total 2020 membership was 1192. This is a decrease of 211 from the previous year’s membership of 1403 and was not unexpected. We normally have a steady inflow of new members throughout a year but being closed due to Covid-19 stopped this happening. The 2020 subscription rates for individual members, £8 per annum with a joining fee of £2.50 for new members and £20 per annum for affiliates were unaffected. However, the individual rate for 2021 has been increased to £12pa.

Activities and Achievements

Activities were in good shape until closure and we offer a wide variety and range of interests. Meetings occur weekly, monthly or at other convenient times. The Association is always willing to consider new activities that can be set up and is willing to assist with any help if requested. We did have two new activities start but like all others stopped due to Covid-19.

During the lockdown and restricted opening times those attending made a greater personal financial contribution to help with the maintenance and running costs of the centre. Room hire facilities were available but limited to those with Guideline exemptions.

The Association would not be able to provide such a wide level of service to its users without the continued support of a large number of members who give their services voluntarily.

Financial Review

The review compares this year and last year over our accounting period which covers a twelve month period starting January 1[st] and ending December 31[st.]

The total Statutory Income of the Association for the period was only £59,197 a decrease of £58,781 on last years’ £117,978. The total Statutory Expenditure of the Association for the period was £121,684 after allowing for government grants received of £15,257, an increase of £30,952 on last years’ ££90,732. The increase in expenditure arose mainly from repairing the roof being charged to maintenance. Overall this accounting period we have made an operating deficit of £62,487 compared to a profit of £27,246 in 2019. Due to the roof repairs needed an operating deficit was expected but with Covid-19 and reduced income the deficit was larger than expected.

The total value of Tangible Assets is now £221,172 after depreciation of £10,112. Depreciation of the building and contents continues to be provided in accordance with accounting standards and accounts for the whole of the £10,112. We received £8,036 from electricity generated by our Solar Array which can be reinvested.

Page 3

New Milton and District Community Association

Trustees’ Report

MAINTENANCE

The roof repairs (cost £84k) have been charged to maintenance and capital (£7k for a new ladder, safety rails and a solar panel). The cost was budgeted and covered by our reserves. Work began in March but was delayed by nesting birds. The roof was completed in October. Additional costs were incurred in resolving technical, Health & Safety issues and the delays. Additional expenditure was incurred in making our building and operations Covid Secure. We continue to look at how we can best utilise our member’s funds and provide them and the local community with the facilities needed. We operate preventative maintenance but the unexpected still occurs. Costs are monitored monthly and are realistic.

FINANCIAL ASSESSMENT

In preparing the final accounts all totals in the accounts have been rounded to the nearest pound. Each week we identify and reconcile the income and monthly reconcile the income and expenditure. This year we have made an accounting adjustment of £48 for unallocated income. In addition we analyse all Bank transactions and the petty cash account. The cash this year is down due to us being shut for seven months.

The Association’s financial position at the Balance Sheet date remains satisfactory even with the expected operating loss. The Association’s funds are sufficient for the Association to continue in operation and can cover the current level of costs for over a year without receipt of any income. Our normal insurance will protect our income in the event of a major disruption to our activities but not Covid-19. With an ageing building and limited surplus income annually we would be unable to raise loans in the normal manner and must continue to rely upon our reserves to cover any major unforeseen costs.

The Trustees will continue to maintain the Community Centre in good condition for the inhabitants of New Milton and the neighbourhood as is required under the Constitution.

Future Developments (Centre Building)

Problems identified in late 2019 established the need for various works, a new roof, accessladder and safety rails. This work has been completed and an external insurance policy arranged to cover the roof work done. The building has been inspected and no further major works are required in 2021 or in the near future.

Future Developments (Centre Operations)

In 2020 the Executive had planned to build upon 2019 but this was stopped by the Coronavirus. In 2021 we need to rebuild the operation of the Centre under whatever the new “normal” environment will be. We will look to provide activities that will help counter the isolation experienced during this current pandemic. Use of social media will be a key tool. We will need to develop and engage volunteers with the right skills to access the wider local community. When we can begin operations again in 2021 is an unknown. In the meantime we are taking steps to minimise the costs of maintaining the centre ready for re-opening.

Page 4

New Milton and District Community Association

Trustees’ Report

Investments

The decision was taken to engage an Independent Financial Advisor (IFA) to more actively manage our funds. This came to a halt with Corona-virus. Monies were released just prior to the market downturn in March. In December 2020 our HSBC fund manager took the position that the fund should be closed. A gain was made and the monies will be available in January 2021 for re-investment. The monies will be invested using the IFA. Markets are likely to be volatile with Political and Economic uncertainty due to the USA, China and the pandemic. The funds will be under new management in 2021.

Reserve Policy

The Building Improvements Reserve is held for future developments or major enhancements to the Community Centre building which is a two storey brick built structure. The Financial Protection Reserve is held to cover any potential claims not covered by the all risks insurance policy. In addition to the all risk an additional (one of cost) policy has been taken out to cover the work done on the roof in case the guarantee cannot be relied upon at a future date

Risk

The Trustees have identified there is no major risk to which the Association is exposed. However, the pandemic (Corona-virus) is a risk if the Trust cannot operate and generate income. With Government support, our Reserves and actions to minimise costs we can continue until ‘normal operations’ can be resumed. The Centre buildings, fixtures, fittings and equipment contained in it are maintained in a good state of repair so as not to present any undue risk to members or visitors to the premises. The Executive also confirms that the activities which take place on the premises are conducted in a proper and efficient manner so as not to impose any undue risk and now in a ‘Covid Secure’ environment.

The Trustee have complied with their duty under Section 17 of the Charities Act 2011 to have due regard to guidance published by the Charity Commissioners on public benefit.

Approved by the Trustees on the dates showing below:

G Denson W Maund
…………………… ……………………
G Denson Miss W Maund
Trustee Trustee
Date: 15/8/2021 Date: 24/9/2021

Page 5

NEW MILTON AND DISTRICT COMMUNITY ASSOCIATION

Independent Examiner’s Report to the Trustees of New Milton and District Community Association

I report on the accounts of the charity for the year ended 31[st] December 2020, which are set out on pages 8 to 17.

Respective responsibilities of the trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Page 6

NEW MILTON AND DISTRICT COMMUNITY ASSOCIATION

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met; or

TLSmith

Terence L Smith CA Terence L Smith & Co 38A Station Road New Milton Hampshire BH25 6JX

Dated: 12/8/2021

Page 7

New Milton and District Community Association Notes to the Financial Statements for the Year Ended 31st December 2020

1. Accounting policies

Basis of Preparation

The financial statements of the charitable organisation, 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 in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102' and The Financial Reporting Standard aaplicable in the UK and the Republic of Ireland'. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

Going Concern

The Trustees believe that the charity is well placed to manage its business risks successfully, despite the current uncertain economic outlook, and have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Fund accounting policy

Unrestricted income funds are general funds that are available for use at the trustee’s discretion in furtherance of the objectives of the charity. Further details of each fund are disclosed in Note 16.

Incoming resources

Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income derived from events is recognised as earned (that is, as the related goods or services are provided). Investment income is recognised on a receivable basis. Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.

Resources expended

Liabilities are recognised as soon as there is a legal constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

8

Page

New Milton and District Community Association Notes to the Financial Statements for the Year Ended 31st December 2020

Governance costs

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

Value Added Tax (VAT)

Value added tax is not recoverable by the charity and as such is included in the relevant costs in the statement of financial activities.

VAT Registration - Not Registered

The various categories of funding are assessed against the VAT rules for inclusion or exclusion in calculating the total VAT income. The VAT income is reviewed against the VAT registration threshold throughout the year.

Fixed assets

Individual fixed assets costing £200 or more are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful economic life as follows:

Freehold buildings 2% straight line basis Fixtures, fittings and equipment 20% reducing balance basis Solar Array 5% straight line basis

Current Assets

Current assets investments are stated at market value in line with the SORP. Any movement in value is reflected in the statement of financial activities as other recognised gains/(losses).

Debtors

Debtors and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquistion or opening of the deposit or similar account

Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third part and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Page 9

New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2020

31st December 2020
Total Funds Total Funds
01/01/2020 01/01/2019
Notes Unresticted to to
Funds 31/12/2020 31/12/2019
£ £
Incoming resources
Incoming resources from generated funds
Voluntary Income 2 13,617 13,617 50,627
Activities for generating funds 3 740 740 2,735
Investment Income 4 8,058 8,058 11,559
Incoming resources from charitable activities 5 23,183 23,183 52,615
Other incoming resources 6 13,599 13,599 442
Total incoming resources 59,197 59,197 117,978
Resources Expended
Charitable Activities 7 120,844 120,844 89,932
Governance Cost 7 840 840 800
Total resources expended 121,684 121,684 90,732
Net (outgoing)/incoming resources before (62,487) (62,487) 27,246
other recognised gains and losses
Other recognised gains/losses
(Losses)/gains on investment assets 13 1,481 1,481 10,018
Net Movement in funds (61,007) (61,007) 37,264
Total funds brought forward 526,884 526,884 489,620
Total funds carried forward 465,877 465,877 526,884

All incoming resources and resources expended derive from continuing activities.

The notes on pages 12 to 17 form an integral part of these financial statements

Page 10

New Milton and District Community Association Balance sheet as at 3st December 2020

31st December 31st December 31st December 2020 31st December 2019
Notes £ £ £ £
Fixed Assets
Tangible Assets 11 221,172 214,349
Current Assets
Debtors 12 4,896 2,380
Investments 13 90,625 143,964
Cash at bank and in hand 13.1 160,038 174,335
255,559 320,679
Creditors: Amounts falling
due within one year 14 (10,854) (8,144)
Net current Assets 244,705 312,535
Net Assets 465,877 526,884
The funds of the charity:
Unrestricted funds
Revaluation reserves (61,007) 37,264
Unrestricited income funds 526,884 489,620
Total unrestricted funds 465,877 526,884
Total charity funds 465,877 526,884
Approved by the Board on 15th September, 2021 and signed on its behalf by:

G Denson W Maund …………………………. …………………………….. G Denson - Trustee Miss W Maund - Trustee

The notes on pages 12 to 17 form an integral part of these financial statements

Page 11

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2020

Total Funds Total Funds
Un- 01/01/2020 01/12/2019
resticted to to
Funds 31/12/2020 31/12/2019
£ £ £
2 Voluntary Income
Donations and Legacies
Legacies 0 0 0
Centre activities 11,082 11,082 37,063
Centre catering 2,535 2,535 11,477
13,617 13,617 48,540
3 Activities for generating funds
Reception 740 740 1,172
740 740 1,172
4 Investment Income
Interest on cash deposits 22 22 16
Investment income
Solar Feed-in-Tariff 8,036 8,036 4,234
8,058 8,058 4,250
5 Incoming resources from charitable activities
Subscriptions & fees 11,049 11,049 12,042
(monies received in previous year for this)
Hall and room rentals * 12,134 12,134 40,654
23,183 23,183 52,696
6 Other incoming resources
other income 0 0 0
Donations (ad hoc)/Gift Aid 13,551 13,551 997
Rounding Accounting adj 48 48 108
13,599 13,599 1,105
Page 12

Page

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2020

31st December 2020
01/01/2020 01/01/2019
7 Total resources expended to to
Charitable 31/12/2020 31/12/2019
Activities Governance Total
Note
Direct costs
Employment Costs 10 38,092 38,092 38,067
HMRC Covid Support Scheme (15,257) (15,257) 0
Establishment costs 72,198 72,198 14,950
Insurances 5,092 5,092 2,997
Utilities 4,664 4,664 8,271
Office expense 722 722 1,981
Subscriptions/donations/licences 2,626 2,626 2,620
Publicity and sundry othe costs 2,149 2,149 9,945
Independent examiners fee 40 840 880 866
Bank charges 507 507 776
Depreciation of tangible fixed assets 10,011 10,011 10,159
Bad Debts 0 0 100
120,844 840 121,684 90,732

8 Trustees' remuneration and expenses

No trustee received any remuneration or reimbursement of expenses during the period.

9 Net (outgoing)/incoming resources is atated after charging

01/01/2020 01/01/2019
to to
**31/12/2020 ** 31/12/2019
Depreciation of owned assets 10,012 10,159

13

Page

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2020

10 Employees remuneration

The average number of persons employed by the charity (including trustee) during the period was as follows:

The average number of persons employed by the charity
(including trustee) during the period was as follows:
Charitable activities
Number
The aggregate payroll costs of these persons were
as follows:
Wages and salaries (Net)
HRMC
EE/Tax Ni
NEST
EE PENSION
HMRC
ER Social Security
NEST
ER PENSION
HMRC COVD INCOME SUPPORT
Pension contributions were made to two employees under NEST		 01/01/2020
01/01/2019
to
to
31/12/2020
31/12/2019
3
6
29,714
32,214
6,701
4,484
986
765
0
0
691
604
38,092
38,067
15,257
0

No employee received emoluments of more than £60,000 during the period (to 31/12/2020 - No. 0)

14

Page

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2020

11 Tangible fixed Assets

Depreciation rate
Cost or Valuation
As at 31/12/2019
Additions
As at 31/12/2020
Depreciation
As at 31/12/2019
Charge for the period
As at 31/12/2020
Net book value
As at 31/12/2020
As at 31/12/2019		 Freehold
buildings		 Fixtures
fittings &
equipment		 Solar
Array		 Total(s)
SL
2%		 RB
20%		 SL
5%
£
259,776
15,682		 £
93,705
795		 £
35,492
360		 £
388,973
16,837
275,458 94,500 35,852 405,810
79,474
5,509		 80,951
2,710		 14,201
1,793		 174,624
10,012
84,983 83,661 15,994 184,638
190,475 10,839 19,858 221,172
180,302 12,754 21,291 214,349
12 Debtors
Trade Debtors
Pay Loans
Prepayments
HMRC Covid Support
Hirers (unpaid fees)		 31/12/2020 31/12/2019
£
£
1,575
762
1,881
1,440
1,453
4,896
2,215

15

Page

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2020

13 Current assets: Investments
Listed Investments
Anaylsis of movement in current asset investment
Investment values
HSBC
Sterling Investment Account (Shut March 2020)
NOTE
Value returned
54,819		 as at
gain
as at
31/12/2020
(loss)
31/12/2019
90,625
1,481
143,963
90,625
3,896
86,729
(2,415)
57,234
90,625
1,481
143,963

All current assets investments were held in the UK in listed investments

13 Cash at bank and in hand
Llyods
INSTANT
Llyods
No. 1
Llyods
No. 2
PETTY CASH
Cash Holdings (EOY)
TOTAL(s)		 as at
as at
31/12/2020
31/12/2019
44,889
113,897
60,156
60,135
54,827
79
75
77
90
148
160,038
174,336

14 Creditors: Amounts falling due within one year

Other Creditors
Accruals and deferred income		 31/12/2020
31/12/2019
£
£
285
5,227
10,569
2,916
10,854
8,143

16

Page

New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2020

15 Related parties

Controlling Entity

The charity is controlled by the trustees

16 Analyis of funds

General Funds
Accumulated fund
Financial protection
Building fund		 As at
income
expend
Transfer
gains
as at
01/01/2020
(losses)
31/12/2020
£
£
£
£
£
£
397,703
74,454
(136,941)
15,882
1,481
352,578
15,907
15,907
113,274
(15,882)
97,392
526,884
74,454
(136,941)
0
1,481
465,877

17

Page

New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2020

Incoming resources
Incoming resources from generated funds
Voluntary Income
Activities for generating funds
Investment Income
Incoming resources from charitable activities
Other incoming resources
Total incoming resources
Resources Expended
Charitable Activities
7
Governance Cost
7
Total resources expended
Net (outgoing)/incoming resources before
other recognised gains and losses
Other recognised gains/losses
(Losses)/gains on Accounting ajustments
(Losses)/gains on investment assets
13
Net Movement in funds
Reconcilation in funds
Accumulation fund
Total funds brought forward
Total funds carried forward		 Accumulated
fund
12
months
31/12/2020
£
13,617
740
8,058
23,183
13,599
59,197
136,101
840
136,941
(62,487)
1,481
(61,007)
526,884
465,877		 Accumulated
fund
12
months
31/12/2019
£
50,627
2,735
11,559
52,615
442
117,978
89,932
800
90,732
27,246
10,018
37,264
489,620
526,884

18

Page

New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2020

Financial Protection Reserve Fund

Net Movement in funds
Reconcilation in funds
Total funds brought forward
Total funds carried forward
Building Improvement Reserve Fund
Net Movement in funds
Reconcilation in funds
Total funds carried forward
Total funds brought forward		 as at
31/12/2020
0
15,907
15,907
as at
31/12/2020
(15,882)
113,274
97,392		 as at
31/12/2019
0
15,907
15,907
as at
31/12/2019
0
113,274
113,274

19

Page

NEW MILTON & DISTRICT COMMUNITY ASSOCIATION SUMMARY FOR MEMBERS SHOWING DETAILS OF INCOME AND EXPENDITURE

1/1/2020 TO 31/12/2020

NOTE
CENTRE INCOME
SUBSCRIPTIONS
5
CENTRE CATERING
2
CENTRE ACTIVITIES
2
CENTRE RECEPTN
3
OPERATING INCOME
EXTERNAL HIRERS
5
MANAGED INCOME
OTHER
4,6
SOLAR ARRAY
4
GIFTS/LEGACIES
2
TOTAL INCOME
CENTRE EXPENDITURE
UNAVOIDABLE COSTS
EMPLOYMENT COSTS
7
HMRC COVID SCHEME
7
MAINTENANCE
7
INSURANCES
7
LICENCES
7
AUDIT
7
UNAVOIDABLE
103,631
VARIABLE COSTS
UTILITIES
7
ADMINISTRATION
7
CATERING/SUNDRIES
7
VARIABLE
7,535
FINANCIAL COSTS
BANK CHARGES
7
DEPRECIATION
7
OPERATING SURPLUS/(DEFICIT)
OTHER GAINS/(LOSS)
NETT DEFICIT
SOLAR ARRAY INCOME SINCE INSTALLATION
PREVIOUS YEARS
£40,253
THIS YEAR
£8,036
MANAGED INCOME TARGETS
MEMBERS 2/3RDS
£25,027
HIRERS
1/3RD
£12,513		 NOTE
CENTRE INCOME
SUBSCRIPTIONS
5
CENTRE CATERING
2
CENTRE ACTIVITIES
2
CENTRE RECEPTN
3
OPERATING INCOME
EXTERNAL HIRERS
5
MANAGED INCOME
OTHER
4,6
SOLAR ARRAY
4
GIFTS/LEGACIES
2
TOTAL INCOME
CENTRE EXPENDITURE
UNAVOIDABLE COSTS
EMPLOYMENT COSTS
7
HMRC COVID SCHEME
7
MAINTENANCE
7
INSURANCES
7
LICENCES
7
AUDIT
7
UNAVOIDABLE
103,631
VARIABLE COSTS
UTILITIES
7
ADMINISTRATION
7
CATERING/SUNDRIES
7
VARIABLE
7,535
FINANCIAL COSTS
BANK CHARGES
7
DEPRECIATION
7
OPERATING SURPLUS/(DEFICIT)
OTHER GAINS/(LOSS)
NETT DEFICIT
SOLAR ARRAY INCOME SINCE INSTALLATION
PREVIOUS YEARS
£40,253
THIS YEAR
£8,036
MANAGED INCOME TARGETS
MEMBERS 2/3RDS
£25,027
HIRERS
1/3RD
£12,513		 2020 2020 2019
NCOME
NCOME
ME		 11,049
2,535
11,082
740		 12,243
12,801
37,826
2,735
25,406
12,134		 65,605
40,372
37,540
13,621
8,036
0		 105,977
472
11,529
0
59,197 117,978
38,092
(15,257)
72,198
5,092
2,626
880
4,664
722
2,149
507
10,011		 38,067
14,950
2,997
2,620
866
8,271
1,981
10,045
776
10,159
103,631
7,535
EFICIT)
T
121,684 90,732
(62,487)
1,481		 27,246
32
(61,006) 27,278
£48,289
ACTUALS
£25,406
£12,134		 £40,253
£28,724
£11,529

INCOME FROM THE SOLAR ARRAY DEPENDS ON THE WEATHER AND LEGACIES CANNOT BE PREDICTED

THIS SUMMARY DOES NOT FORM PART OF THE 2020 ACCOUNTS THE INFORMATION USED IS AS PER THE 'NOTES' TO THE 2020 ACCOUNTS

NEW MILTON AND DISTRICT COMMUNITY ASSOCIATION

Independent Examiner’s Report to the Trustees of New Milton and District Community Association

I report on the accounts of the charity for the year ended 31[st] December 2020, which are set out on pages 8 to 17.

Respective responsibilities of the trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

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NEW MILTON AND DISTRICT COMMUNITY ASSOCIATION

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met; or

TLSmith

Terence L Smith CA Terence L Smith & Co 38A Station Road New Milton Hampshire BH25 6JX

Dated: 12/8/2021

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