OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

ANNUAL GENERAL MEETING OF CHELLS COMMUNITY ASSOCIATION AND TIMEBRIDGE SOCIAL CLUB LTD HELD ON 31[ST] MAY 2023

PRESENT: 14

APOLOGIES: TA, SH, DB, ED.

MINUTES OF CHELLS COMMUNITY ASSOCIATION ANNUAL GENERAL MEETING HELD ON 4[TH] May 2022

These were agreed as a true record Proposed OR

Seconded SM

MATTERS ARISING

There were none.

APPOINTMENT OF INDEPENDENT EXAMINER – Terrance Smith

Proposed OR

Seconded KH

CHAIRMANS REPORT

A copy of the report is in the AGM pack

Treasurers Report

A copy of the report is in the AGM pack.

There were no questions

ELECTIONS

The current officers are still elected.

President; Martin Impey

Chairperson: Helen Priest

Secretary: Philippa Groves

Treasurer: Emma Downes

Council: Individual members of the Community Association equal in number to group representatives.

James Allum

Monica Morton

Owen Rees

Shaun Parker

Tony Allum

Paul Cannon

All were elected unopposed

As this is the number required for the executive committee the above were elected unopposed.

TIMEBRIDGE SOCIAL CLUB LTD

MINUTES OF AGM HELD 4[TH] MAY 2022

Agreed as a true record

Proposed: OR

Seconded: PC

MATTERS ARISING

None

Appointment of Auditor – Terrance Smith

Proposed KH, seconded PC CHAIRMANS REPORT

A copy of the report is in the AGM pack.

There were no questions.

TREASURERS REPORT

A copy of the report is in the AGM pack. There were no questions.

ELECTIONS

The current Officers are still elected. Chairperson; Tony Allum Vice Chair; James Allum Legal Secretary; Philippa Groves Treasurer; Paul Cannon.

Management Committee (minimum 6 maximum 14)

Helen Priest

Emma Downes Monica Morton Owen Rees Sarah Marshall Shaun Parker All were elected unopposed.

All committee meetings for both concerns will be held jointly. There being no other business the meeting was closed.

Charity number: 302349

CHELLS COMMUNITY ASSOCIATION

UNAUDITED

COUNCIL REPRESENTATIVES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

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 2023

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
302349
Principal office
Chells Community Centre
Mobbsbury Way
Stevenage
Hertfordshire
SG2 0HT
Secretary
Philippa Groves
Chairperson
Helen Priest
Accountants
Accounting & Business Development Limited
Chartered Certified Accountants
Unit 6 Cooksoe Farm
Chicheley
Newport Pagnell
Buckinghamshire
MK16 9JP
Bankers
Co-Operative Bank
Delf House
Southway
Skelmersdale
WN8 6WT

Page 1

CHELLS COMMUNITY ASSOCIATION

COUNCIL REPRESENTATIVES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Council Representatives present their annual report together with the financial statements of the Chells Community Association for the 1 April 2022 to 31 March 2023.

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 2023

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 2023 was £38,500 (31st March 2022 - £18,000). The Association also derives income from room letting which in the year to 31st March 2023 produced £25,272 (31st March 2022 - £16,686).

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 2023 there was a surplus carried forward of £60,963 (31st March 2022 - £50,449).

At the 31st March 2023 the Association retained £nil of restricted funds with regard to the playgroup (31st March 2022 - £141). In addition it also held general restricted funds of £nil (31st March 2022 - £nil).

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 2023

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:

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: 30 January 2024

Philippa Groves Secretary

Page 4

CHELLS COMMUNITY ASSOCIATION

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

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 2023.

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 2023

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. 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: 31 January 2024 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 2023

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
2023
£
2,611
108,489
8,432
36,915
-
156,447
6,762
139,030
145,792
10,655
50,308
10,655
60,963		 Restricted
funds
2023
£
100,544
-
-
-
-
100,544
-
100,685
100,685
(141)
141
(141)
-		 Total
funds
2023
£
103,155
108,489
8,432
36,915
-
256,991
6,762
239,715
246,477
10,514
50,449
10,514
60,963		 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

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 2023

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		 897
6,286
62,980
70,163
(10,026)		 2023
£
826
826
60,137
60,963
60,963
60,963
-
60,963
60,963		 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

The financial statements were approved and authorised for issue by the Council Representatives on 30 January 2024 and signed on their behalf by:

Helen Preist Chair

Pjilippa 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 2023

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 2023

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:

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 2023

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.

Page 11

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

3. Income from donations and legacies

Donations
Grants
Donations
Grants
Government grants		 Unrestricted
funds
2023
£
1,611
1,000
2,611
Unrestricted
funds
2022
£
1,677
-
13,266
14,943		 Restricted
funds
2023
£
-
100,544
100,544
Restricted
funds
2022
£
-
106,055
6,720
112,775		 Total
funds
2023
£
1,611
101,544
103,155
Total
funds
2022
£
1,677
106,055
19,986
127,718

4. Income from charitable activities

Income from charitable activities - Core
Income from charitable activities - Playgroup
Income from charitable activities - Coffee Bar
Total 2023		 Unrestricted
funds
2023
£
71,728
25,408
11,353
108,489		 Total
funds
2023
£
71,728
25,408
11,353
108,489

Page 12

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

4. Income from charitable activities (continued)

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

5. Income from other trading activities Income from fundraising events

Fundraising
Fundraising
6.
Investment income
Investment income - local investment properties		 Unrestricted
funds
2023
£
8,432
Unrestricted
funds
2022
£
7,404
Unrestricted
funds
2023
£
36,915		 Total
funds
2023
£
8,432
Total
funds
2022
£
7,404
Total
funds
2023
£
36,915

Page 13

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6. Investment income (continued)

Unrestricted Total
funds funds
2022 2022
£ £
Investment income - local investment properties 35,419 35,419

7. Other incoming resources

Total funds 2023 £

Unrestricted Total
funds funds
2022 2022
£ £
Other incoming resources 311 311

Page 14

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

8. Expenditure on raising funds

Costs of raising voluntary income

Unrestricted
funds
2023
£
Costs of raising voluntary income
6,762
Unrestricted
funds
2022
£
Costs of raising voluntary income
5,185		 Total
funds
2023
£
6,762
Total
funds
2022
£
5,185

9. Analysis of expenditure on charitable activities

Summary by fund type

Core
Playgroup
Playgroup Restricted
Coffee Bar
Lunch Club		 Unrestricted
funds
2023
£
110,782
16,513
-
11,634
101
139,030		 Restricted
funds
2023
£
-
-
100,685
-
-
100,685		 Total
2023
£
110,782
16,513
100,685
11,634
101
239,715

Page 15

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

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

10. Analysis of expenditure by activities

Core
Playgroup
Playgroup Restricted
Coffee Bar
Lunch Club		 Activities
undertaken
directly
2023
£
110,782
16,513
100,685
11,634
101
239,715		 Total
funds
2023
£
110,782
16,513
100,685
11,634
101
239,715

Page 16

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10. Analysis of expenditure by activities (continued)

Core
Core Restricted
Playgroup
Playgroup Restricted
Coffee Bar
Independent examiner's remuneration
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts		 Activities
undertaken
directly
2022
£
106,074
6,720
20,068
105,914
9,987
248,763
2023
£
850		 Total
funds
2022
£
106,074
6,720
20,068
105,914
9,987
248,763
2022
£
850

11. Independent examiner's remuneration

12. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
161,730
-
1,388
163,118		 2022
£
160,262
880
1,681
162,823

Page 17

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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		 2023
No.
2
4
1
3
8
7
25		 2022
No.
2
4
1
3
9
8
27

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 (2022 - £NIL) .

During the year ended 31 March 2023, no Council Representative expenses have been incurred (2022 - £NIL) .

Page 18

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Tangible fixed assets

Cost or valuation
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
On disposals
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
15.
Stocks
Raw materials and consumables
Finished goods and goods for resale		 Plant and
machinery
£
5,772
525
-
6,297
5,772
105
-
5,877
420
-		 Fixtures and
fittings
£
17,874
-
(1,184)
16,690
16,683
785
(1,184)
16,284
406
1,191
2023
£
204
693
897		 Fixtures and
fittings
£
17,874
-
(1,184)
16,690
16,683
785
(1,184)
16,284
406
1,191
2023
£
204
693
897		 Total
£
23,646
525
(1,184)
22,987
22,455
890
(1,184)
22,161
826
1,191
2022
£
305
671
897 976

Page 19

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2023
£
3,409
31
2,846
6,286		 2022
£
15,193
31
2,624
17,848

17. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2023
£
4,074
724
1,240
3,988
10,026		 2022
£
3,860
357
800
7,228
12,245

18. Financial instruments

2023 2022
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 62,980 42,679

Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.

Page 20

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2022
£
50,308
141
50,449
Balance at
1 April 2021
£
60,760
-
60,760		 Income
£
156,447
100,544
256,991
Income
£
130,862
112,775
243,637		 Expenditure
£
(145,792)
(100,685)
(246,477)
Expenditure
£
(141,314)
(112,634)
(253,948)		 Balance at
31 March
2023
£
60,963
-
60,963
Balance at
31 March
2022
£
50,308
141
50,449

Page 21

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2022
£
50,308
141
50,449
Balance at
1 April 2021
£
60,760
-
60,760		 Income
£
156,447
100,544
256,991
Income
£
130,862
112,775
243,637		 Expenditure
£
(145,792)
(100,685)
(246,477)
Expenditure
£
(141,314)
(112,634)
(253,948)		 Balance at
31 March
2023
£
60,963
-
60,963
Balance at
31 March
2022
£
50,308
141
50,449

21. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
826
Current assets
70,163
Creditors due within one year
(10,026)
Total
60,963		 Total
funds
2023
£
826
70,163
(10,026)
60,963

Page 22

CHELLS COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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
2022
£
1,191
61,362
(12,245)
50,308		 Restricted
funds
2022
£
-
141
-
141		 Total
funds
2022
£
1,191
61,503
(12,245)
50,449

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 £1,388 (2022 - £1,681). Contributions totalling £nil (2022 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 23

CHELLS COMMUNtrY ASSOCIATION INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 kWtCH 2023 Independent examinerfs statement Since the charitys gross in(xxne exceeded £250.000 your examiner musl be a member of a body listed in section 145 01 the 2011 Act. I confirm Ihal l am qualified to undertake the examination because l am a member of ACCA. which is one of the listed bodies. Your attention is drawn lo the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Slalement ol Rg¢ommended Practice appli¢able lo charities preparing thèir a¢¢ounls in a¢cordan¢e wth the Financial Repoth'ng Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Rew)rting by Chariti'es.. Statement of Recommended Pra¢ti¢e issued on 1 April 2005 which is referred to in the extant regulations bLrt has been withdrawn. l understsnd that this has been done in or(ler ￿ the acc¢xJnts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for ￿porting periods beginning on or after 1 January 2015. I have completed my examination. I confirm Ih8t no matters have com& lo my attention in connection with the examination giving me cause lo believe that in any material respect". accounting records were not kepl in Tespect 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 requirem8nls conceming the form and content of accounts set out in the Charities (Accounis and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue arKI fairf 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 lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be re8ched. This report is made solely lo the charilys Council Representaiives, as a bcmjy, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the charitys Council Representatives those matters l am required to state lo them in an Independent exarninerfs report antl for no other purpose. To the fullest extent permitted bylaw. I do not a¢cepl or 855ume restK)n5ibilily to anyone other than the Charty and the charitys Counal Representstives. 85 8 body, for my work or for this r8port. Signed.. Dated.. 31 January 2024 Elliot jam￿ Smith FCCA Unit 6, Cooksoe Farm, Chicheley, Newport Pagnell. MK16 9JP Page 6