REGISTERED CHARITY NUMBER: 302376
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR BENNETTS END NEIGHBOURHOOD ASSOCIATION
Beyond Accounting Limited
19 Abbots Business Park Primrose Hill Kings Langley Hertfordshire WD4 8FR
BENNETTS END NEIGHBOURHOOD ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
BENNETTS END NEIGHBOURHOOD ASSOCIATION
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2021
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 302376
Principal address
Gatecroft Bennetts End Hemel Hempstead Hertforsdhire HP3 9LZ
Trustees
Mr A Garwood Mr B Gronert Mrs C L F Swain Ms A Hart Councillor S Mahmood
Councillor J Birnie
Mrs A Butler Mr C Hetherington Mrs B Gronert Mr D Stimson Mr S Smith Mrs T Howard Mr B Garwood Mr D Peers Councillor M Rogers
President (Trustee) Chairman (Trustee) Treasurer (Trustee) Secretary (Trustee) (appointed by Dacorum BC) Deputy Chairman(appointed by Dacorum BC) - resigned 2.9.21 - resigned 30.4.20
Independent examiner
Beyond Accounting Limited (ACCA) 19 Abbots Business Park Primrose Hill Kings Langley Hertfordshire WD4 8FR
STRUCTURE, GOVERNANCE AND MANAGEMENT
In order to ensure the smooth running of the Centre and all legal requirements are met a group of elected officers meet regularly throughout the year. This group of officers require formal election at the Annual General Meeting.
The day to day management of the Centre is carried out by Manager Sharon Lowe and her small team of employees. The thanks of the Committee are extended to them, along with some Dacorum Councillors and Officers whose supportive advice and direction has been greatly appreciated by the Offices of the Association. The thanks of the Committee are also extended to Cathy Swain our Treasurer. Along with Sharon, Cathy has put in a lot of time and effort in managing the accounts and applying for funding.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
BENNETTS END NEIGHBOURHOOD ASSOCIATION
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2021
OBJECTIVES AND ACTIVITIES
Cathy Swain's defibrillator research was put on hold due to the Covid Pandemic but will be continued in the next financial year. It was also planned to enhance the lives of residents of Bennetts End.
ACHIEVEMENT AND PERFORMANCE
With the outbreak of Coronavirus, we had to close the doors for the majority of the year. We were able to reopen for sports/exercise and educational classes over the summer. We had hoped to return to holding community events but with restrictions continually changing, this was not possible. We adhered to government guidelines at all times including completing a risk assessment for the centre and requesting mandatory risk assessments from our hall hirers. This enabled us to keep staff and hall users safe.
FINANCIAL REVIEW
With the help of council funding we were able to keep the doors open through a really tough time; especially with no income coming in. We had to make the very tough decision of furloughing staff but this enabled us to retain our fantastic team. The centres finances look healthy with all things considered and when possible we will continue with our original plan of revamping the centre and enhancing the lives of the community.
Huge thanks to our wonderful staff and brilliant Office Manager Sharon for persevering through a challenging time and being flexible to the needs of the centre. We couldn't have got through this without them.
Approved by order of the board of trustees on 15 November 2021 and signed on its behalf by:
Ms A Hart - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BENNETTS END NEIGHBOURHOOD ASSOCIATION
I report on the accounts for the year ended 31 March 2021, which are set out on pages four to nine.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Beyond Accounting Limited ACCA Beyond Accounting Limited 19 Abbots Business Park Primrose Hill Kings Langley Hertfordshire WD4 8FR
15 November 2021
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BENNETTS END NEIGHBOURHOOD ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2021
| Unrestricted funds Restricted funds Notes £ £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income - - Activities for generating funds 2 28,168 - Investment income 3 103 - Incoming resources from charitable activities futherance of the charity's objectives 59,114 - Total incoming resources 87,385 - RESOURCES EXPENDED Charitable activities futherance of the charity's objectives 55,591 - Governance costs 1,080 - Total resources expended 56,671 - NET INCOMING/(OUTGOING) RESOURCES 30,714 - RECONCILIATION OF FUNDS Total funds brought forward 43,630 - TOTAL FUNDS CARRIED FORWARD 74,344 - |
31.3.21 Total funds £ - 28,168 103 59,114 87,385 55,591 1,080 56,671 30,714 43,630 74,344 |
31.3.20 Total funds £ 30 76,905 157 - 77,092 81,312 1,080 82,392 (5,300) 48,930 43,630 |
|---|---|---|
The notes form part of these financial statements
Page 4
BENNETTS END NEIGHBOURHOOD ASSOCIATION
BALANCE SHEET
At 31 March 2021
| Unrestricted funds Restricted funds Notes £ £ FIXED ASSETS Tangible assets 6 3,127 - CURRENT ASSETS Debtors 7 85 - Cash at bank and in hand 73,987 - 74,072 - CREDITORS Amounts falling due within one year 8 (2,855) - NET CURRENT ASSETS 71,217 - TOTAL ASSETS LESS CURRENT LIABILITIES 74,344 - NET ASSETS 74,344 - FUNDS 9 Unrestricted funds TOTAL FUNDS |
31.3.21 Total funds £ 3,127 85 73,987 74,072 (2,855) 71,217 74,344 74,344 74,344 74,344 |
31.3.20 Total funds £ 4,169 6,056 36,492 42,548 (3,087) 39,461 43,630 43,630 43,630 43,630 |
|---|---|---|
The financial statements were approved by the Board of Trustees on 15 November 2021 and were signed on its behalf by:
Mrs C L F Swain -Trustee
The notes form part of these financial statements
Page 5
BENNETTS END NEIGHBOURHOOD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. ACTIVITIES FOR GENERATING FUNDS
| Hall hire Private hall hire Pringles machine Mars drinks machine |
31.3.21 £ 25,124 3,044 - - 28,168 |
31.3.20 £ 59,693 16,989 155 68 |
|---|---|---|
| 76,905 |
3. INVESTMENT INCOME
Deposit account interest
| 31.3.21 | 31.3.20 |
|---|---|
| £ | £ |
| 103 | 157 |
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BENNETTS END NEIGHBOURHOOD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the Year Ended 31 March 2021
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020 .
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020 .
5. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Administration staff |
31.3.21 £ 39,053 503 39,556 31.3.21 4 |
31.3.20 £ 46,003 516 |
|---|---|---|
| 46,519 | ||
| 31.3.20 4 |
No employees received emoluments in excess of £60,000.
6.
7.
TANGIBLE FIXED ASSETS
| Fixtures and | ||
|---|---|---|
| fittings | ||
| £ | ||
| COST | ||
| At 1 April 2020 and 31 March 2021 | 6,741 | |
| DEPRECIATION | ||
| At 1 April 2020 | 2,572 | |
| Charge for year | 1,042 | |
| At 31 March 2021 | 3,614 | |
| NET BOOK VALUE | ||
| At 31 March 2021 | 3,127 | |
| At 31 March 2020 | 4,169 | |
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Trade debtors | 85 | 6,056 |
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BENNETTS END NEIGHBOURHOOD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2021
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 2,855 | 3,087 | |
| MOVEMENT IN FUNDS | |||
| Net movement | |||
| At 1.4.20 | in funds | At 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 43,630 | 30,714 | 74,344 |
| TOTAL FUNDS | 43,630 | 30,714 | 74,344 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 87,385 | (56,671) | 30,714 |
| TOTAL FUNDS | 87,385 | (56,671) | 30,714 |
| Comparatives for movement in funds | |||
| Net movement | |||
| At 1.4.19 | in funds | At 31.3.20 | |
| £ | £ | £ | |
| Unrestricted Funds | |||
| General fund | 48,930 | (5,300) | 43,630 |
| TOTAL FUNDS | 48,930 | (5,300) | 43,630 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 77,092 | (82,392) | (5,300) |
| TOTAL FUNDS | 77,092 | (82,392) | (5,300) |
9. MOVEMENT IN FUNDS
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BENNETTS END NEIGHBOURHOOD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED for the Year Ended 31 March 2021
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.4.19 in funds At £ £ Unrestricted funds General fund 48,930 25,414 TOTAL FUNDS 48,930 25,414 |
31.3.21 £ 74,344 |
|---|---|
| 74,344 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 164,477 | (139,063) | 25,414 |
| TOTAL FUNDS | 164,477 | (139,063) | 25,414 |
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BENNETTS END NEIGHBOURHOOD ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2021
| INCOMING RESOURCES Voluntary income Donations Activities for generating funds Hall hire Private hall hire Pringles machine Mars drinks machine Investment income Deposit account interest Incoming resources from charitable activities Grants Total incoming resources RESOURCES EXPENDED Governance costs Accountancy Support costs Management Wages Pensions Insurance Light and heat Telephone Postage and stationery Sundries Cleaning Other premises costs Professional fees Subscriptions Mars drinks machine Repairs and maintenance Fixtures and fittings Total resources expended |
31.3.21 £ - 25,124 3,044 - - 28,168 103 59,114 87,385 1,080 39,053 503 731 6,660 1,321 56 90 1,348 1,037 523 641 - 2,586 1,042 55,591 56,671 |
31.3.20 £ 30 59,693 16,989 155 68 |
|---|---|---|
| 76,905 157 - |
||
| 77,092 1,080 46,003 516 857 7,920 1,387 1,087 863 2,422 3,869 523 3,813 562 10,142 1,348 |
||
| 81,312 | ||
| 82,392 |
This page does not form part of the statutory financial statements
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BENNETTS END NEIGHBOURHOOD ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2021
Net income/(expenditure)
| 31.3.21 £ 30,714 |
31.3.20 £ (5,300) |
|---|---|
This page does not form part of the statutory financial statements
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