Charity registration number: 301897
New Milton and District Community Association
Annual Report and Financial Statements
for the year ended 31 December 2022
## 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 Members Summary of Income & Expenditure…………………………………….. 20
## 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|
||G Endersby|
|Bankers|Lloyds Bank Plc|
||4 Castle Street|
||Christchurch|
||Dorset|
|Independent|HOPE JONES.|
|Examining|Chartered Accountants|
|Accountant|Dunlop House|
||23a Spencer Road|
||New Milton|
||Hampshire|
||BH25 6BZ|
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 2022.
## **Trustees**
The Trustees are named on Page 1. Gillian Endersby was appointed December 2022 and the remaining two 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:-
- Recruitment
- Finding Potential Trustees
- Vetting
- Appointment
- Induction and Training
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 - PANDEMIC**
The Centre was operational for the whole of 2022. Unfortunately there are continuing after effects of the pandemic on society, be this people’s concerns with safety, continuing infections or just apathy that has depressed the numbers returning to the Centre. Whilst the number of members attending the Centre are down this is not reflected in our year-end membership. We are seeing some Hirers not returning and those coming in have reduced numbers. We have gained new Hirers who see the benefits of the Centre.
## **Membership**
As at 31[st] December 2022 the membership was 875 being 576 renewals and 229 new members. This is an increase of 149 members over 2021 membership but 150 of our 2022 members did not rejoin. We are rebuilding membership through a steady inflow of new members. The 2022 subscription rate for individual members was £12 per annum with a £2.50 joining fee for new members and a £20pa affiliate rate.
## **Activities and Achievements**
A wide variety and range of interests were on offer. However, due to the lingering after effects of COVID some activities did not take place or had delayed starts. Meetings occur weekly, monthly or at other convenient times. The Association is always willing to consider new activities. It was determined additional efforts would be made to embrace the whole community on multiple fronts.
During the year additional offerings have been made in terms of external events to draw more of the community in, additional (new) activities to broaden our appeal and more engagement with external hirers who provide support to the local community.
The Association is able to provide this wide level of service to its users due to our volunteers. The number that give there services voluntarily has reduced but this is being addressed.
## **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 £101,620, an increase of £27,178 on last years’ £74,442. The total Statutory Expenditure of the Association for the period was £90,376, an increase of £25,955 on last years’ £64,421. The increase in expenditure arose from greater Centre usage and low expenditure in 2021. Overall this year we have made an operating surplus of £11,244 compared to last year’s £10,021.
The total value of Tangible Assets is now £202,667 after depreciation of £9,036. Depreciation of the building and contents continues to be provided in accordance with recognised accounting standards and accounts for the whole of the £9,036. We received £8,958 from electricity generated by our Solar Array which can be reinvested.
Page 3
## New Milton and District Community Association
## **Trustees’ Report**
## MAINTENANCE
We operate preventative maintenance but the unexpected still occurs. This year our kitchen roof failed and needed to be recovered at a cost of £6,480 and two manhole covers in the car park failed closing the car park with a repair bill of £1000. The decision was taken to delay recovering and refurbishing 150 cloth chairs with washable vinyl due to low usage and 75 remain to be done. We continue to look at how we can best utilise our funds to provide the local community with the facilities needed. Costs are monitored monthly and are realistic. Heat conservation and insulation is now on our list of ‘to do’ tasks due to the cost of energy.
## 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 to 2021 of £31.50 and £135 of duplicated income. In addition we analyse all Bank and Petty Cash transactions.
The Association’s financial position at the Balance Sheet date remains satisfactory especially taking into account an operating surplus in a hard economic climate. 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. The cost of energy is evident on our direct and indirect costs. Our policy is to keep access to the Centre affordable. 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 major unforeseen costs.
The income mix is changing, reflecting wider usage by the community. The demographic that can use us daytime tends to limit our wider appeal without more active engagement.
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)**
The building is regularly inspected and we foresee no further major works are required in 2023 or in the near future.
## **Future Developments (Centre Operations)**
As predicted we needed to rebuild in 2022 and 2023 will see a continuation of developing the Centre for wider community appeal, additional involvement of members and Users in our efforts. In addition more social awareness activities and social isolation are issues that we are looking to address. In 2022 we lost more volunteers and will continue to promote Volunteering and make better use of those we have with the right skills to access the wider local community. Steps are being taken to minimise the costs of maintaining the centre. We are looking to increase our income through greater diversity to help offset lower attendance.
Page 4
## New Milton and District Community Association
## **Trustees’ Report**
## **Investments**
We took the decision to engage an Independent Financial Advisor (IFA) to more actively manage our funds. These funds have yet to be re-invested as Markets fell and remain highly volatile especially considering Ukraine, Energy and the knock-on effects. Some major companies have lost 50% of their share value. There is a risk not being invested but we will re-evaluate the position in 2023. Markets remain highly volatile with Political and Economic uncertainty due to the USA, China and the pandemic. Markets have rallied and fallen on little justification. We will look to put some funds under new management in 2023.
## **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 we hold additional cover on the main roof which protects us in that the original Contractor has ceased trading.
## **Risk**
The Trustees have identified there are no new major risks to which the Association is exposed. However, the pandemic or its future incarnation is a risk if the Trust cannot operate and generate income. Our Reserves and actions to minimise costs would see our ‘normal operations’ compromised without Government support. The Centre buildings, fixtures, fittings and equipment are maintained to 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. Operationally we maintain the ‘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:
|Gordon Denson|W Maund|G Endersby|
|---|---|---|
|……………………|……………………|……………………..|
|G Denson|Miss W Maund|G Endersby|
|Trustee|Trustee|Trustee|
|Date: 19/06/2023|Date: 22/06/2023
|Date: 22 July 2023|
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 2022, 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:
- examine the accounts (under section 145 of the 2011 Act);
- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145 (5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **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:
- 1) which gives me reasonable cause to believe that in any material respect, the requirements
- [ ] to keep accounting records in accordance with section 130 of the 2011 Act; and
[ ] to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _Paul Root_
-----------------------------------
Paul Root BA FCA
HOPE JONES. Chartered Accountants Dunlop House 23a Spencer Road New Milton Hampshire BH25 6BZ
Dated: 27[th] October 2023
Page 7
New Milton and District Community Association Notes to the Financial Statements for the Year Ended 31st December 2022
## **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.
Page 8
New Milton and District Community Association Notes to the Financial Statements for the Year Ended 31st December 2022
## **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 2022
|Total Funds Total Funds
01/01/2022
01/01/2021
NOTES
Unresticted
to
to
Funds
31/12/2022
31/12/2021
£
£
**Incoming resources**
Incoming resources from generated funds
Voluntary Income
2
42,770
42,770
16,160
Activities for generating funds
3
1,198
1,198
827
Investment Income
4
8,974
8,974
7,167
Incoming resources from charitable activities
5
48,071
48,071
17,187
Other incoming resources
(less 6.1)
6
607
607
2,817
GOVT GRANTS
6
0
0
17,303
COVID SUPPORT
10
0
0
12,981
Total incoming resources
101,620
101,620
74,442
**Resources Expended**
Charitable Activities
7
89,432
89,432
63,541
Governance Cost
7
944
944
880
Total resources expended
90,376
90,376
64,421
Net (outgoing)/incoming resources before
11,244
11,244
10,021
other recognised gains and losses
**Other recognised gains/losses**
(Losses)/gains on investment assets
13
0
0
(42)
Net Movement in funds
11,244
11,244
9,979
Prior Year Adjustment
31
31
0|Total Funds Total Funds
01/01/2022
01/01/2021
NOTES
Unresticted
to
to
Funds
31/12/2022
31/12/2021
£
£
**Incoming resources**
Incoming resources from generated funds
Voluntary Income
2
42,770
42,770
16,160
Activities for generating funds
3
1,198
1,198
827
Investment Income
4
8,974
8,974
7,167
Incoming resources from charitable activities
5
48,071
48,071
17,187
Other incoming resources
(less 6.1)
6
607
607
2,817
GOVT GRANTS
6
0
0
17,303
COVID SUPPORT
10
0
0
12,981
Total incoming resources
101,620
101,620
74,442
**Resources Expended**
Charitable Activities
7
89,432
89,432
63,541
Governance Cost
7
944
944
880
Total resources expended
90,376
90,376
64,421
Net (outgoing)/incoming resources before
11,244
11,244
10,021
other recognised gains and losses
**Other recognised gains/losses**
(Losses)/gains on investment assets
13
0
0
(42)
Net Movement in funds
11,244
11,244
9,979
Prior Year Adjustment
31
31
0|
|---|---|
||11,244
11,244
9,979
31
31
0|
|Total funds brought forward|475,856
475,856
465,877|
|Total funds carried forward||
||487,131
487,131
475,856|
All incoming resources and resources expended derive from continuing activities.
Approved by the Board on 09/10/2023 and signed on its behalf by:
## Gordon Denson
## W Maund
## G Endersby
……………………… ……………………… ……………………… G Denson Miss W Maund G Endersby Trustee Trustee Trustee
Page 10
## New Milton and District Community Association Balance sheet as at 31st December 2022
|Notes
**Fixed Assets**
Tangible Assets
11
Current Assets
Debtors
12
Investments
13
Cash at bank and in hand
13.1
Creditors: Amounts falling
due within one year
ADV memb fees
14
TRADE OTHERS
14
AUDIT
14
HMRC
14
Net current Assets
Net Assets
**The funds of the charity:**
**Unrestricted funds**
Unrestricited income funds
Previous year adjustments
Operating Activities Gains/(Losses)
Revaluation reserve
Total change to income funds during the per
Total unrestricted funds
Total charity funds|31/12/2022
£
£
202,667
4,306
0
286,075
290,381
(3,066)
(1,244)
(900)
(707)
(5,917)
284,464
487,131
475,856
31
475,887
11,244
0
iod
11,244
487,131
487,131|31/12/2022
£
£
202,667
4,306
0
286,075
290,381
(3,066)
(1,244)
(900)
(707)
(5,917)
284,464
487,131
475,856
31
475,887
11,244
0
iod
11,244
487,131
487,131|31/12/2021
£
£
211,703
1,440
0
267,014
268,454
(2,126)
(1,276)
(880)
(20)
(4,301)
264,153
475,856
465,877
10,021
(42)
9,979
475,856
475,856|31/12/2021
£
£
211,703
1,440
0
267,014
268,454
(2,126)
(1,276)
(880)
(20)
(4,301)
264,153
475,856
465,877
10,021
(42)
9,979
475,856
475,856|
|---|---|---|---|---|
|||487,131||475,856|
|||487,131||475,856|
Page 11
## **New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2022**
||2 **Voluntary Income**
Donations and Legacies
Legacies
Centre activities
Centre catering
3 **Activities for generating funds**
Reception
**4 Investment Income**
Interest on cash deposits
Investment income
solar FIT
5 **Incoming resources from charitable activities**
Subscriptions & fees
(monies received in previous year for this)
Hall and room rentals
**6 Other incoming resources**
6.1 GOVT GRANTS
Donations (ad hoc)/Gift Aid
Rounding Accounting adj
**7 Total resources expended**
Note
**Direct costs**
Employment Costs
10
Establishment costs
Insurances
Utilities
Office expense
Subscriptions/donations/licences
Publicity and sundry othe costs|**Total Funds**
**Total Funds**
**Un-**
**01/01/2022**
**01/01/2021**
**restricted**
**to**
**to**
**Funds**
**31/12/2022**
**31/12/2021**
**£**
**£**
**£**
36,897
36,897
14,041
5,873
5,873
2,119
42,770
42,770
16,160
1,198
1,198
827
1,198
1,198
827
16
16
7
8,958
8,958
7,160
8,974
8,974
7,167
11,059
11,059
4,902
37,012
37,012
12,285
48,071
48,071
17,187
0
0
17,303
607
607
2,792
0
0
25
607
607
20,120
01/01/2022
01/01/2021
to
to
**Charitable**
31/12/2022
31/12/2021
**Activities**
**Governance**
**Total**
41,593
41,593
37,126
20,531
20,531
6,334
3,803
3,803
3,411
6,492
6,492
3,688
816
816
846
159
159
256
6,124
6,124
2,049|
|---|---|---|
||Independent examiners fee
Bank charges
Depreciation of tangible fixed assets
ADJUSTMENTS (JNLS)|44
900
944
910
743
743
332
9,036
9,036
9,470
135
135
0|
|||89,476
900
90,376
64421|
||||
Page 12
**New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2022**
## **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**
|Depreciation of owned assets
**Employees remuneration**
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 COVID SUPPORT||**01/01/2022**
**01/01/2021**
**to**
**to**
**31/12/2022**
**31/12/2021**
9,036
9,470|
|---|---|---|
|||**01/01/2022**
**01/01/2021**
**to**
**to**
**31/12/2022**
**31/12/2021**
4
2|
|||31,796
28,026
7,907
7,318
1,080
1,025
0
0
810
757|
|||41,593
37,126|
|||0
12,981|
## **10 Employees remuneration**
Pension contributions were made to two employees under NEST No employee received emoluments of more than £60,000 during the period 31/12/2022 - No.0
Page 13
**New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2022**
## **11 Tangible fixed Assets**
|SL
STRAIGHT LINE
RB
REDUCING BALANCE
**Depreciation rate**
**Cost or valuation**
AS AT 31/12/2021
Additions
AS AT 31/12/2022
**Depreciation**
AS AT 31/12/2021
Charge for the period
AS AT 31/12/2022
**Net book value**
AS AT 31/12/2021
AS AT 31/12/2022
**12 Debtors**
**previous to be cleared**
2021
Trade Debtors
Hirers (unpaid fees)
Activities (unpaid)
LOANS
HMRC Covid
Trade Debtors
2022
Hirers (unpaid fees)
Activities (unpaid)
LOANS
HMRC|SL
STRAIGHT LINE
RB
REDUCING BALANCE
**Depreciation rate**
**Cost or valuation**
AS AT 31/12/2021
Additions
AS AT 31/12/2022
**Depreciation**
AS AT 31/12/2021
Charge for the period
AS AT 31/12/2022
**Net book value**
AS AT 31/12/2021
AS AT 31/12/2022
**12 Debtors**
**previous to be cleared**
2021
Trade Debtors
Hirers (unpaid fees)
Activities (unpaid)
LOANS
HMRC Covid
Trade Debtors
2022
Hirers (unpaid fees)
Activities (unpaid)
LOANS
HMRC|Freehold
property|Fixtures
fittings &
equipment|Solar
Array|Total(s)|
|---|---|---|---|---|---|
|||SL
2%|RB
20%|SL
5%||
|||275458
0
275458
90492
5509
96001
184966
179457|94,500
0
94,500
85,829
1,734
87,563
8,671
6,937|35,852
0
35,852
17,786
1,793
19,578
18,066
16,274|405,810
0
405,810
194,107
9,036
203,143
211,703
202,667|
|||woff/jnl
received
31/12/2022
31/12/2021
0.00
519
-48
519
546
1
546
375
0
375
0
0||||
||Trade Debtors
2022
Hirers (unpaid fees)
Activities (unpaid)
LOANS
HMRC|||1,485
1,904
700
264||
|||||4,306
1,440||
Page 14
**New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2022**
## **13 Current assets: Investments**
|**Current assets: Investments**|||||
|---|---|---|---|---|
||**as at**|**gain**||**as at**|
||**31/12/2022**|**(loss)**||**31/12/2021**|
|Listed Investments|0||0|0|
|**Anaylsis of movement in current asset investment**|||||
|Investment values|0||0|0|
||0||0|0|
All current assets investments were held in the UK in listed investments
## **13.1 Cash at bank and in hand**
|**Cash at bank and in hand**||
|---|---|
|Lloyds
INSTANT
Lloyds
No. 1
Lloyds
No. 2
PETTY CASH
Unbanked CASH (A)
Cash Holdings (tin/eoy transition)
TOTAL(s)|as at
as at
31/12/2022
31/12/2021
170,701
151,487
60,193
60,160
54,660
54,764
69
230
347
331
105
43|
||286,075
267,014|
Page 15
**New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2022**
## **14 Creditors: Amounts falling due within one year**
|31/12/2022
31/12/2021
PAID
Taxation & Social Security
previous years end balances
2021
2021 trade rentals
7.50
12.50
0
(20)
2021 Advance Membership
2,126
0
(2,126)
2021 Audit fee (provision)
880
0
(880)
2021 trade others
24.00
607
0
(631)
2021 NEST
646
0
(645)
THIS YEARS CREDITORS
Accruals and deferred income
2022 trade rentals
0
0
Membership/AFF fees (in advance)
0
(3,066)
Audit fee (provision)
0
(900)
trade others
0
(1,244)
HMRC/NEST
0
(707)
(5,917)
(4,301)|31/12/2022
31/12/2021
PAID
Taxation & Social Security
previous years end balances
2021
2021 trade rentals
7.50
12.50
0
(20)
2021 Advance Membership
2,126
0
(2,126)
2021 Audit fee (provision)
880
0
(880)
2021 trade others
24.00
607
0
(631)
2021 NEST
646
0
(645)
THIS YEARS CREDITORS
Accruals and deferred income
2022 trade rentals
0
0
Membership/AFF fees (in advance)
0
(3,066)
Audit fee (provision)
0
(900)
trade others
0
(1,244)
HMRC/NEST
0
(707)
(5,917)
(4,301)|31/12/2022
31/12/2021
PAID
Taxation & Social Security
previous years end balances
2021
2021 trade rentals
7.50
12.50
0
(20)
2021 Advance Membership
2,126
0
(2,126)
2021 Audit fee (provision)
880
0
(880)
2021 trade others
24.00
607
0
(631)
2021 NEST
646
0
(645)
THIS YEARS CREDITORS
Accruals and deferred income
2022 trade rentals
0
0
Membership/AFF fees (in advance)
0
(3,066)
Audit fee (provision)
0
(900)
trade others
0
(1,244)
HMRC/NEST
0
(707)
(5,917)
(4,301)|
|---|---|---|
||(5,917)
(4,301)||
||||
|**Total of creditors falling due within one year are:**|**(5,917)**|**(4,301)**|
Page 16
**New Milton and District Community Association Notes to the Financial Statements for the Period Ended 31st December 2022**
## **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
TRFS
gains
as at
1/1/2021
(losses)
31/12/2021
£
£
£
£
£
£
352,578
74,442
(64,421)
0
(42)
362,557
15,907
15,907
97,392
97,392|
|---|---|
||465,877
74,442
(64,421)
0
(42)
475,856|
|||
|General Funds
Accumulated fund
Financial protection
Building fund|As at
income
expend
Prior
gains
as at
1/1/2022
Year
(losses)
31/12/2022
£
£
£
£
£
£
362,557
101,620
(90,376)
31
0
373,832
15,907
15,907
97,392
97,392|
||475,856
101,620
(90,376)
31
0
487,131|
Page 17
**New Milton and District Community Association Statement of financial activities by fund Period Ended**
**not now printed**
## **31st December 2022**
## **17 Net assets by fund**
|**Net assets by fund**|||||
|---|---|---|---|---|
|||Unrestricted|Total|Total|
|||funds|Funds|Funds|
||||31/12/2022|31/12/2021|
|Tangible Assets||202,667|202,667|211,703|
|Current Assets|||||
|investments|0||||
|cash/bank|286075||||
|prov for addit cash|0||||
|Debtors|4306||||
|TOTAL||290,381|290,381|264,997|
|Creditors: Amounts falling due withih one year||(5,917)|(5,917)|2,292|
|Net Assets||487,131|487,131|478,992|
|||**Accumulated**||**Funds**|
|||**12**||**12**|
|||**months**||**months**|
|||**£**||**£**|
|**Incoming resources**|||||
|Incoming resources from generated funds|||||
|Voluntary Income||42,770||16,160|
|Activities for generating funds||1,198||827|
|Investment Income||8,974||7,167|
|Incoming resources from charitable activities||48,071||17,187|
|Other resources (less 6,1)||607||2,817|
|GOVT GRANTS||0||17,303|
|COVID SUPPORT||0||12,981|
|Total incoming resources||101,620||74,442|
|**Resources Expended**|||||
|Charitable Activities|7|89,432||63,541|
|Governance Cost|7|944||880|
|Total resources expended||90,376||64,421|
|Net (outgoing)/incoming resources before||11,244||10,021|
|other recognised gains and losses|||||
|**Other recognised gains/losses**|||||
|(Losses)/gains on Accounting ajustments||31|||
|(Losses)/gains on investment assets|13|0||(42)|
|Net Movement in funds||11,275||9,979|
|**Reconcilation in funds**|||||
|**Accumulation fund**|||||
|Total funds brought forward||475,856||465,877|
|Total funds carried forward||487,131||475,856|
Page 18
**New Milton and District Community Association Statement of financial activities by fund Period Ended 31st December 2022**
not now printed
|**Financial Protection Reserve Fund**|||
|---|---|---|
||**as at**|**as at**|
||**31/12/2022**|**31/12/2021**|
|Net Movement in funds|0|0|
|**Reconcilation in funds**|||
|Total funds brought forward|15,907|15,907|
|Total funds carried forward|15,907|15,907|
|**Building Improvement Reserve Fund**|||
||**as at**|**as at**|
|---|---|---|
||**31/12/2022**|**31/12/2021**|
|Net Movement in funds|0|0|
|**Reconcilation in funds**|||
|Total funds carried forward|97,392|97,392|
|Total funds brought forward|97,392|97,392|
||||
PAGE
19
NEW MILTON & DISTRICT COMMUNITY ASSOCIATION SUMMARY FOR MEMBERS SHOWING 1/1/2022 TO 31/12/2022 DETAILS OF INCOME AND EXPENDITURE
|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 schene
MAINTENANCE
7
INSURANCES
7
LICENCES
7
AUDIT
7
UNAVOIDABLE
67,030
VARIABLE COSTS
UTILITIES
7
ADMINISTRATION
7
CATERING/SUNDRIES
7
ADJUSTMENTS
7
VARIABLE
13,432
FINANCIAL COSTS
BANK CHARGES
7
DEPRECIATION
7
9,779
OPERATING SURPLUS/(DEFICIT)
OTHER GAINS/(LOSS)
Nett
Surplus
Total SOLAR ARRAY INCOME
64,407
£
TOTAL PREVIOUS YEARS NCOME
£55,449
THIS YEARS
£8,958
MANAGED INCOME SPLIT
EST
ACTUAL
MEMBERS
2/3RDS
60,746
£
55,027
£
HIRERS
1/3RD
31,293
£
37,012
£|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 schene
MAINTENANCE
7
INSURANCES
7
LICENCES
7
AUDIT
7
UNAVOIDABLE
67,030
VARIABLE COSTS
UTILITIES
7
ADMINISTRATION
7
CATERING/SUNDRIES
7
ADJUSTMENTS
7
VARIABLE
13,432
FINANCIAL COSTS
BANK CHARGES
7
DEPRECIATION
7
9,779
OPERATING SURPLUS/(DEFICIT)
OTHER GAINS/(LOSS)
Nett
Surplus
Total SOLAR ARRAY INCOME
64,407
£
TOTAL PREVIOUS YEARS NCOME
£55,449
THIS YEARS
£8,958
MANAGED INCOME SPLIT
EST
ACTUAL
MEMBERS
2/3RDS
60,746
£
55,027
£
HIRERS
1/3RD
31,293
£
37,012
£|2022|2022|2021|
|---|---|---|---|---|
||COME
E
||||
|||11,059||£4,902|
|||5,873||£2,119|
|||36,897||£14,041|
|||1,198||£827|
|||55,027||£21,889|
|||37,012||£12,285|
|||92,039||£34,174|
||||||
|||623||£20,127|
|||8,958||£7,160|
|||0||£0|
|||101,620||£61,461|
||||||
||||||
||||||
|||41,593||£37,126|
|||0||(£12,981)|
|||20,531||£6,334|
|||3,803||£3,411|
|||159||£256|
|||944||£910|
||67,030||||
||||||
|||6,492||£3,687|
|||816||£846|
|||6,124||£2,049|
|||135||£0|
||13,432||||
||||||
|||743||£332|
|||9,036||£9,470|
||9,779||||
||Surplus|90,376||£51,440|
||||||
|||11,244||£10,021|
|||0||(£42)|
|||11,244||£9,979|
|||48,289
£
7,160
£
55,449
£|||
INCOME FROM SOLAR ARRAY DEPENDS ON WEATHER LEGACIES CANNOT BE PREDICTED
THIS SUMMARY DOES NOT FORM PART OF THE ACCOUNTS ALL THE INFORMATION IS AS PER THE 'NOTES' TO THE ACCOUNTS PAGE 20