Charity number: 302349
CHELLS COMMUNITY ASSOCIATION
UNAUDITED
COUNCIL REPRESENTATIVES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
CHELLS COMMUNITY ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Council Representatives and | 1 |
| advisers | |
| Council Representatives' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 23 |
CHELLS COMMUNITY ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS COUNCIL REPRESENTATIVES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022
| Council Representatives | Martin Impey, President |
|---|---|
| Helen Priest, Chair | |
| Philippa Groves, Secretary | |
| Emma Downes, Treasurer | |
| Owen Rees, Committee Member | |
| Paul Marshall, Committee Member | |
| Rebecca Harris, Committee Member | |
| Emily Harris, Committee Member | |
| Tony Allum, Committee Member | |
| Charity registered number Principal office Secretary Chairperson Accountants Bankers |
302349 Chells Community Centre Mobbsbury Way Stevenage Hertfordshire SG2 0HT Philippa Groves Helen Priest Accounting & Business Development Ltd Chartered Certified Accountants Unit 6 Cooksoe Farm Chicheley Newport Pagnell Buckinghamshire MK16 9JP Co-Operative Bank Delf House Southway Skelmersdale WN8 6WT |
Page 1
CHELLS COMMUNITY ASSOCIATION
COUNCIL REPRESENTATIVES' REPORT FOR THE YEAR ENDED 31 MARCH 2022
The Council Representatives present their annual report together with the financial statements of the Chells Community Association for the 1 April 2021 to 31 March 2022.
Objectives and activities
a. Policies and objectives
Under the Charities (Accounts and Reports) Regulations 2008, trustees' reports are required to contain a statement by the charity trustees as to whether they have complied with the duty in section 4 of the 2006 Act tohave due regard to guidance published by the Commission.
In setting objectives and planning for activities, the Council Representatives have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The Association derives funds from the following sources to meet its objectives. Childrens Centre, coffee bar, donations, Early Years funding, fruit machine income, general fund raising, grants, lottery income, lunch club, membership subscriptions, playgroup pre school fees, playgroup rent and administration, Pre-School funding and a quiz machine.
c. Main activities undertaken to further the charity's purposes for the public benefit
The charity runs a community centre, with a number of sections, serving the local community. The Family Centre has been attached to it since 2008, holding groups in the main hall. There is also a pre-school which provides spaces for two year old funded children. Additionally the charity provides a daily lunch club for the elderly and disadvantaged, with disabled toilet access. A coffee bar, where people can come in for something to eat and a chat, also benefits the local community.
Aside from the charity run schemes, rooms are also hired to local groups for dancing, slimming world, yoga, an art group, widows and 'Knit and Knatter', as well as functions and meetings.
The trustees have had regard to the Charity Commissions Guidance on Public Benefit.
Achievements and performance
a. Main achievements of the charity
The community centre benefits the community because it is a safe place to go for the elderly, where they can meet and chat with friendly people, have a hot meal and not be home alone. The pre-school benefits the community with its two year old funding.
b. Key performance indicators
The success of the charity in performing it's objectives can be measured by the continued attendance at the schemes that it runs.
Page 2
CHELLS COMMUNITY ASSOCIATION
COUNCIL REPRESENTATIVES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance (continued)
c. Investment policy and performance
The Association lets a bar and service area to a company limited by guarantee named Timebridge Social Club Limited who's shares of 977 were issued to members of the Chells community. The company was registered under the Industrial and Provident Societies Acts 1965 and the Friendly and Industrial Provident Society Act 1968. It's registration act is now the Co-operative and Community Benefit Societies Act 2014, which consolidated previous industrial and provident society legislation. The annual rental charged in the year ended 31st March 2022 was £18,000 (31st March 2021 - £22,500). The Association also derives income from room letting which in the year to 31st March 2022 produced £16,686 (31st March 2021 - £2,013).
Financial review
a. Going concern
After making appropriate enquiries, the Council Representatives have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The policy is to hold current unrestricted funds until their use in the Association objectives. At the 31st March 2022 there was a surplus carried forward of £50,449 (31st March 2021 - £60,760).
At the 31st March 2022 the Association retained £141 of restricted funds with regard to the playgroup (31st March 2021 - £nil). In addition it also held general restricted funds of £nil (31st March 2020 - £1,039).
Structure, governance and management
a. Constitution
Chells Community Association is a registered charity, number 302349, and is constituted under a Trust deed.
b. Methods of appointment or election of Council Representatives
The management of the charity is the responsibility of the Council Representatives who are elected and coopted under the terms of the Trust deed .
Page 3
CHELLS COMMUNITY ASSOCIATION
COUNCIL REPRESENTATIVES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Statement of Council Representatives' responsibilities
The Council Representatives are responsible for preparing the Council Representatives' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Council Representatives to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Council Representatives are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Council Representatives are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Council Representatives and signed on their behalf by:
Helen Priest Chair Date: 17 January 2023
Philippa Groves Secretary
Page 4
CHELLS COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022
Independent examiner's report to the Council Representatives of Chells Community Association ('the charity')
I report to the charity Council Representatives on my examination of the accounts of the charity for the year ended 31 March 2022.
Responsibilities and basis of report
As the Council Representatives of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Page 5
CHELLS COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the charity's Council Representatives, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Council Representatives those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Council Representatives, as a body, for my work or for this report.
Signed: Dated: 18 January 2023 Elliot James Smith FCCA
Unit 6, Cooksoe Farm, Chicheley, Newport Pagnell. MK16 9JP
Page 6
CHELLS COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments 6 Other income 7 Total income Expenditure on: Raising funds 8 Charitable activities 9 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 14,943 72,785 7,404 35,419 311 130,862 5,185 136,129 141,314 (10,452) 60,760 (10,452) 50,308 |
Restricted funds 2022 £ 112,775 - - - - 112,775 - 112,634 112,634 141 - 141 141 |
Total funds 2022 £ 127,718 72,785 7,404 35,419 311 243,637 5,185 248,763 253,948 (10,311) 60,760 (10,311) 50,449 |
Total funds 2021 £ 162,871 47,998 814 35,000 1,985 |
|---|---|---|---|---|
| 248,668 | ||||
| - 224,831 |
||||
| 224,831 | ||||
| 23,837 | ||||
| 36,923 23,837 |
||||
| 60,760 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 23 form part of these financial statements.
Page 7
CHELLS COMMUNITY ASSOCIATION
BALANCE SHEET AS AT 31 MARCH 2022
| Note Fixed assets Tangible assets 14 Current assets Stocks 15 Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 19 Unrestricted funds 19 Total funds |
976 17,848 42,679 61,503 (12,245) |
2022 £ 1,191 1,191 49,258 50,449 50,449 50,449 141 50,308 50,449 |
278 26,253 38,903 65,434 (9,132) |
2021 £ 4,458 |
|---|---|---|---|---|
| 4,458 56,302 |
||||
| 60,760 | ||||
| 60,760 | ||||
| 60,760 | ||||
| - 60,760 |
||||
| 60,760 |
The financial statements were approved and authorised for issue by the Council Representatives on 17 January 2023 and signed on their behalf by:
Helen Preist Chair
Philippa Groves Secretary
The notes on pages 9 to 23 form part of these financial statements.
Page 8
CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. General information
The charity is unincoporated and is registered in England and Wales. It's address is Chells Community Centre, Mobbsbury Way, Stevenage, Hertfordshire, SG2 0HT.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Chells Community Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Page 9
CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Accounting policies (continued)
2.3 Expenditure (continued)
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
| Plant and machinery | - 20% straight line |
|---|---|
| Fixtures and fittings | - 20% straight line |
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 10
CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Accounting policies (continued)
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Council Representatives in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
3. Income from donations and legacies
| Donations Grants Government grants Donations Grants Government grants |
Unrestricted funds 2022 £ 1,677 - 13,266 14,943 Unrestricted funds 2021 £ 178 - 20,242 20,420 |
Restricted funds 2022 £ - 106,055 6,720 112,775 Restricted funds 2021 £ - 104,885 37,566 142,451 |
Total funds 2022 £ 1,677 106,055 19,986 |
|---|---|---|---|
| 127,718 | |||
| Total funds 2021 £ 178 104,885 57,808 |
|||
| 162,871 |
4. Income from charitable activities
| Income from charitable activities - Core Income from charitable activities - Playgroup Income from charitable activities - Coffee Bar Total 2022 |
Unrestricted funds 2022 £ 41,556 22,347 8,882 72,785 |
Total funds 2022 £ 41,556 22,347 8,882 |
|---|---|---|
| 72,785 |
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
4. Income from charitable activities (continued)
| Income from charitable activities - Core Income from charitable activities - Playgroup Income from charitable activities - Coffee Bar Total 2021 |
Unrestricted funds 2021 £ 32,060 13,902 2,036 47,998 |
Total funds 2021 £ 32,060 13,902 2,036 |
|---|---|---|
| 47,998 |
5. Income from other trading activities Income from fundraising events
| Fundraising Fundraising 6. Investment income Investment income - local investment properties |
Unrestricted funds 2022 £ 7,404 Unrestricted funds 2021 £ 814 Unrestricted funds 2022 £ 35,419 |
Total funds 2022 £ 7,404 |
|---|---|---|
| Total funds 2021 £ 814 |
||
| Total funds 2022 £ 35,419 |
Page 13
CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
6. Investment income (continued)
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| £ | £ | |
| Investment income - local investment properties | 35,000 | 35,000 |
7. Other incoming resources
| Other incoming resources Other incoming resources |
Unrestricted funds 2022 £ 311 Unrestricted funds 2021 £ 1,985 |
Total funds 2022 £ 311 Total funds 2021 £ 1,985 |
|---|---|---|
Page 14
CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
8. Expenditure on raising funds
Costs of raising voluntary income
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Costs of raising voluntary income | 5,185 | 5,185 | - |
9. Analysis of expenditure on charitable activities
Summary by fund type
| Core Core Restricted Playgroup Playgroup Restricted Coffee Bar |
Unrestricted funds 2022 £ 106,074 - 20,068 - 9,987 136,129 |
Restricted funds 2022 £ - 6,720 - 105,914 - 112,634 |
Total 2022 £ 106,074 6,720 20,068 105,914 9,987 |
|---|---|---|---|
| 248,763 |
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
9. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Core Core Restricted Playgroup Playgroup Restricted Coffee Bar |
Unrestricted funds 2021 £ 71,382 - 4,283 1,068 4,354 81,087 |
Restricted funds 2021 £ - 33,256 - 110,488 - 143,744 |
Total 2021 £ 71,382 33,256 4,283 111,556 4,354 |
|---|---|---|---|
| 224,831 |
10. Analysis of expenditure by activities
| Core Core Restricted Playgroup Playgroup Restricted Coffee Bar |
Activities undertaken directly 2022 £ 106,074 6,720 20,068 105,914 9,987 248,763 |
Total funds 2022 £ 106,074 6,720 20,068 105,914 9,987 |
|---|---|---|
| 248,763 |
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
10. Analysis of expenditure by activities (continued)
| Core Core Restricted Playgroup Playgroup Restricted Coffee Bar |
Activities undertaken directly 2021 £ 71,382 33,256 4,283 111,556 4,354 224,831 |
Total funds 2021 £ 71,382 33,256 4,283 111,556 4,354 |
|---|---|---|
| 224,831 |
11. Independent examiner's remuneration
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fees payable to the charity's independent examiner for the independent | ||
| examination of the charity's annual accounts | 850 | 850 |
12. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2022 £ 160,262 880 1,681 162,823 |
2021 £ 125,668 1,383 1,529 |
|---|---|---|
| 128,580 |
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
12. Staff costs (continued)
The average number of persons employed by the charity during the year was as follows:
| Cleaners Lunch Club Maintenance Office Playgroup Wardens |
2022 No. 2 4 1 3 9 8 27 |
2021 No. 2 3 1 3 8 7 |
|---|---|---|
| 24 |
No employee received remuneration amounting to more than £60,000 in either year.
13. Council Representatives' remuneration and expenses
During the year, no Council Representatives received any remuneration or other benefits (2021 - £NIL) .
During the year ended 31 March 2022, no Council Representative expenses have been incurred (2021 - £NIL) .
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
14. Tangible fixed assets
| Cost or valuation At 1 April 2021 At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
Plant and machinery £ 5,772 5,772 5,772 - 5,772 - - |
Fixtures and fittings £ 17,874 17,874 13,416 3,267 16,683 1,191 4,458 |
Total £ 23,646 |
|---|---|---|---|
| 23,646 | |||
| 19,188 3,267 |
|||
| 22,455 | |||
| 1,191 | |||
| 4,458 |
15. Stocks
| Raw materials and consumables Finished goods and goods for resale |
2022 £ 305 671 976 |
2021 £ 186 92 |
|---|---|---|
| 278 |
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
16. Debtors
| Due within one year Trade debtors Other debtors Prepayments and accrued income |
2022 £ 15,193 31 2,624 17,848 |
2021 £ 23,764 3 2,486 |
|---|---|---|
| 26,253 |
17. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2022 £ 3,860 357 800 7,228 12,245 |
2021 £ 3,214 1,197 313 4,408 |
|---|---|---|
| 9,132 |
18. Financial instruments
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 42,679 | 38,903 |
Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
19. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds Statement of funds - prior year Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 April 2021 £ 60,760 - 60,760 Balance at 1 April 2020 £ 35,630 1,293 36,923 |
Income £ 130,862 112,775 243,637 Income £ 106,217 142,451 248,668 |
Expenditure £ (141,314) (112,634) (253,948) Expenditure £ (81,087) (143,744) (224,831) |
Balance at 31 March 2022 £ 50,308 |
|---|---|---|---|---|
| 141 | ||||
| 50,449 | ||||
| Balance at 31 March 2021 £ 60,760 |
||||
| - | ||||
| 60,760 |
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
20. Summary of funds
Summary of funds - current year
| General funds Restricted funds Summary of funds - prior year General funds Restricted funds |
Balance at 1 April 2021 £ 60,760 - 60,760 Balance at 1 April 2020 £ 35,630 1,293 36,923 |
Income £ 130,862 112,775 243,637 Income £ 106,217 142,451 248,668 |
Expenditure £ (141,314) (112,634) (253,948) Expenditure £ (81,087) (143,744) (224,831) |
Balance at 31 March 2022 £ 50,308 141 |
|---|---|---|---|---|
| 50,449 | ||||
| Balance at 31 March 2021 £ 60,760 - |
||||
| 60,760 |
21. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2022 £ Tangible fixed assets 1,191 Current assets 61,362 Creditors due within one year (12,245) Total 50,308 |
Restricted funds 2022 £ - 141 - 141 |
Total funds 2022 £ 1,191 61,503 (12,245) 50,449 |
|---|---|---|
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CHELLS COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
21. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 2,015 65,434 (6,689) 60,760 |
Restricted funds 2021 £ 2,443 - (2,443) - |
Total funds 2021 £ 4,458 65,434 (9,132) 60,760 |
|---|---|---|---|
22. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund, NEST. The pension cost charge represents contributions payable by the charity to the fund and amounted to £1,681 (2021 - £1,529). Contributions totalling £nil (2021 - £nil) were payable to the fund at the balance sheet date and are included in creditors.
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