Gran e Fellowshi Communi Association Re ort of the Twstees and Financlal Statements For tho •ar ended 31 March 2023
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION CONTENTS PAGE FOR THE YEAR ENDED 31 MARCH 2023 Page Charity infomiali( Trustees, report 24 Report of indepen¢Jenl examiner Consolidated statement of financial activities Consolidated and charity balance sheet Statement of cash flows &9 Notes lo the financial slalements 10-19
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2023 Truslee$ and Governors Name of Trustee Offl¢e held D Fullard IApprMnted 1 November 20221 T WoKramm G Mealing J Atkins Chairrnan VI Chaimian Treasurer Secretsry Jmay H Gregory T Kitchener S Gibson S Allen G Elliott R Keeble Regl$t8r8d offlce Middlefield. GraThJe Estate. Letchworth Garden City. Herts. SG6 4NG Governing document Constitution adopted 19 April 2018 Charity number 302420 Bankers Lloyds TSB Plc. Bancroft Branch. Hitchin. Hertfordshire. SG5 1JG Independent Examiner Hardcasue Burton LLP. Lake HcAJse. Market Hill. Royston. Herts. SG8 9JN
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023 The trustees submit their annual rewrt and the ffinanoal slalements for Ihe year ended 31 March 2023. The trustees confirm that the Annual Report and financial statements of Ihe Association comply with the curnt statutory requirements. the Association's governing dccumenl and the provisions of the Slalemenl of Recommended Pracbce ISORPI. applicable to charibes preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. The financial statements presented include the results of the Association's subsidiary, Grange Community Association Social Club Limited. OBJECTIVES AND ACTivrriES The Association is a wisterefj charity. Ils objectives a lo promote t1 benefits of the inhabitants of The Grange and the rbeighbourhood without distinction of sex. sexual orientation or of polib"cal, religious or other opinion by assoaating with the local authorities. voluntary organisatsons in a common effort lo advance edLtcalion and lo provide lacililies in the interest of the social welfare frir recreation and leisure lime occupation with the subject of improving the conditsons of lrfe of the said inhabitsnls. To maintain and manage or to co-operate with any local statutory authority in the maintenance and management of the Centre for activities promoted by the Associalion and its cstibjent bodies and in the furtherance of the above objects. The trustees have considered the Charity Commission's guidance on public benefit and in order to comply with this and its own objectives. the Grange Fellowship Community Association has set the following objectives.. To maintsin high stsndards for heafth, safety and the prolecbon of the VirOnMent at sts premises. To identify risks and set in ace programmes lo remove or reduce these risks. To ensure thal these stsndards are wmmunicated to all employees. o)ntract staff. temporary workers and members of the public. and visitcxs as appropriate. To ensure that all employees are given the ne(*ssary infomwlion, instruction and training to enable them lo work in safe manner. To ensure the dissemination and discussion of relevant information on safety. health an¢J environmental issues. To devel¢Jp promots'onal campaigns and encourage safety. health and environmental awareness. All the activtbes are fcKused on pr(xluryng facilities tr) aid inhabitsnts of the Grange in the interest of social welfare, through education and provision of a community centre. ACHIEVEMENTS AND PERFORMANCE The Association has Continued to meet its objectives throughout the year and continues lo provide facilities for those living in and around the surrounding aa$ by subsidising and providing resources for the Grange Tiny Hands Pre-school which provides quality Ca and education for children aged 2 10 5 years. The charity houses various groups. such as Over 60s, Grange Wives and other local organisations and provides assistance such a5 offering the IcKal groups facilib.es for weekly meelirigslevenls free of charge. The pre-s¢hcK)I, Grange Tiny Hands continues lo maintsin a high slandard of childcare and holds a "Outstanding" grade by Ofsled. The café is open 7 days a week and has made a valuable contribulion to the Association, providing the local community with a place lo socialise logelher in a wam) Spa especially for some of the older generation who ¥Jse the facility daity.
GRANGE FELLOWSHIP COMMUNrrY ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023 FINANCIAL REVIEW At 31 March 2023 the group held reserves of £102,405 for general purKY)se5 and £20,478 as restricted funds. The Iruslees have agreed lo hold the general reserves lo cover future running costs. The restricted funds are dealt with on page 18 of the accounts arKI relale to specific activities. The year has been difficuli for Ihe group carrying foTh4ard from the ffinancial struggles caused by the Covid 19 pandemic. The Tiny Hands PreschcK>l has been opefaling at full capacity and has been investing in maintaining and improving the facilities available. The trustees believe that the charity due lo inflationary impacts and rises in the living wage, cash will become restricted in the near future. Forecasts prepare¢J have shown the gr1p will have a nel cash ouffiow for the next 12 month period. The parent and ils trading arm are reviewing ways in which to limit cosis and overheads to improve this position. If the charity continues to operate in line th forecasts the is sn[ficant doubt that it will be able lo satisfy future perfomance obligations and will therefore be forced lo cease trade. RISK ASSESSMENT 11 is the policy of the Grange Fellowship Community AssrKiation to ensure, $0 far as it is reasonably practy'cal. the heath and safety and weware ol its employees whilst they are at Work and of others who may be affected by their undertakings. It is also the Association's policy to comply with the Health & Safety at Work Act 1974 and other allied relevant legislation as appropriate. The ASlatIOn continually assesses business risk and takes apprc¢)riate acbon as necessary. STRUCTURE, GOVERNANCE AND MANAGEMENT The A$SlatIOn is a registered charity (No. 3024201 established by a constitulion and managed on a day to day basis by the Trustees as listed on page 1. Al truslees give their time voluntary and receive no remuneration or other benefits. Where appropriale all staff, have the appropriale qualifications and all who are involved in the running of the pre-school are DBS checked. New Tiuslees are appointed and approved by Ihe existing board as and when required. The Trustees confimi that they have given due regard lo the gLEidance published by the Charity Commission on public benefit. The Association has a wholly owned subsidiary. the Grange Community Association Social Club Limited. A donation of profits is made annually to the Association in pursuit of the Associations, objective5. TRAINING AND COMMUNICATIONS Specific training is required on a regular basis for some or all employees. This training could include some or all of the following.. Fire safety First M'd DSE Manual Handling PPE I training will be recorded on an Employee Health & Safety Training record. These records wll be retained for a minimum period of ten years.
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023 HEALTH & SAFEfY POLICY This is a slalemenl ol gerbwal by Ihe Grango Felknwship Communty Association. atut its inl8ntis. orgarii5alions and arrangelnents for ensuring the hearth and salety al work of employees. and the physifal salety of visitors and conlraclors, whilst on the prernise5 or sitgs urnder Iha control of Ihe Assoc¢1(. STATEMENT OF TRUSTEES. RESPOMS181UTIES Th& Charity Iw$lefjs are resF)n&bl& for preparing 8 Irusiees. annual rewt ar finan¢Jal statements in 8¢¢ordan¢e with applicabb law and United lfjngdcrfn Accounthig Slandards (Uniled Kiwdom GeneT8IIy Accepted Accounting Practice). Law appllcable lo charities in England & Wales requires th8 trustges lo prepare financial statements for eaeth financial year whh givè a tru8 and laif view of Ihe charily's finanaal activities during the year and ol ils financial position at the end of the year. In weparlng financial ststements giving a truo aNI fair view, the trusltes should follow practice and.. ' sdecl suilable accounting pol¢ie$ and then apply them consistentty., ' observe the rnelhods and princieS in Ihe charit SORP"A¢¢ourhling aThJ Rgpofling by Charities" • make judgernenls 8nd stim318s that are 3$onble and Frfudent". ' stale whether applicable accounting standards and slatements ol re¢ommonded practKe have been lollowed, subj'ect lo any ¢Jepartures discl¢>sed and explained in the fjnanual statements ' Pfepare the fmancial siatements on the going conc¢m basi8 unles5 il is in8ppropriat¢ to presume Ihat lh8 charlty wll ¢onlinue In opef81ion. The Iruslees arg resptsnsftjle for keeping accovnting rrdS vthid) disdose with reasonable acla¢Y the financial posib'on of the charity and whlch erbable them to ascertain Ihe financial posltion of the charity and which enable them lo ensure that tho finanryal stalemenis comply wth the Charities Act 2011 and Ihe Charity (Accounts Repwtsl Regulations and the provisions ol the Association's conslilulion. They are also responsible for saleguarding Ihg assets tsf the charity and hence for taking T$8sonable steps for thè wevention and detection of fraud and olher irregularities. oq/oi125 Thls reporl was approved by the Trustees on .......-.....-................ D Fullar¢J Ichairrnanl
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION REPORT OF THE INDEPENDENT EXAMINER FOR THE YEAR ENDED 31 MARCH 2023 I report lo the charity ITuslees on my examination of the consolidated accounts of the charity for the year ended 31 March 2023 which are set out on pages 6 10 19. Rgsponslbllities and basis of raport As the charity's trustees you are responsible for the preparalion of the conSolated accounts in accordance with the requirements of the Charitses Act 2011 1.the Act'l. I report in respect of my examination of the charity's consolidated accounts carried out under section 145 of the Act and in carying oul my examination I have followed all the applicable Direcbons given by the Charity Commission under seclion 14515llbl of the Act. Independent examinerfs Statement Since the tharity's gros5 inojme exceeded £250.000 your examiner must be a member of a body listed in section 145 of the ACL I confimi Ihal l am qualified to undertake the examination because l am a member of the Instrtute of Chartered Accwnls in England and Wales, which is one of the listed b)dies. I have completed my examination. I confirm that no material matters have come to my aitsnlion in connection with the examination giving me cause lo believe that in any material respect: accounting records were not kept in respect of the Charity as required by secbon 130 of the Act; or the a¢¢ounts do not acr with those records.. or the accounts do not comply with the applicable requirements ¢onceming the form and content of accounts sel out in the ch8riti.es (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view. which is not a matter considered as part of an independent examination The matter that has come to my attention relates to the going concern posiiion of the Charity. As part of our 90ing concern review the post year end management accounts and forecasts show a net cash outhow for the forthcoming 12 months. Whilst the tnjstees have taken steps to reduce costs and to improve the performance of the charity, the forecasls still indicale an overall cash cAJffiow. The fact has not been disclosed by the trustees in the annual a¢Unts as requir by section 3.38 of the Charities SORP. Despite the cash outflow, the trustees have concluded that performance obligations for the coming 12 months will be met and that il remains appropriate to prepare the charity's accounts on a going concern basis. The Iruslees are aware that if suffiaenl improvements to profilability and cash flow are not made, the charity will no longer be a going concem and 7MII have lo cease operations. Ise Lin Hardcasue Burton LLP Lake House. Market Hill Royslo Herts. SG8 9JN Daled-.
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Funds Restricted Funds Totsl 2023 Total 2022 INCOME AND ENDOWMENTS FROM Other trading activities 16) 370.163 370.163 283,398 Charitsble activities 18) 148.627 306 148,933 183.029 Total In¢om• and Endowments 518.7 306 519.096 466,427 EXPENDITURE Other trading activities 368.330 368,330 306.013 Charitable activities (91 226.293 2.339 228.632 212,712 Other 1101 13.919 13,919 15,082 Totsl •xp•ndltu 608.542 2.339 610,881 533,807 Net lexpendilurel for the year {89,752) (2.0331 191,7851 167,3801 Not mov8ment in funds for the year before other (89.752) recognlsed galns and loss9$ 12.0331 191.7851 {67,3801 Unrestricted funds brought forward at 1 Apn'l 2022 192.157 Restricted funds brought forward at 1 April 2022 192,157 22,511 261,836 20,212 22.511 Fund balanc&s carrled fonvard at 31 March 2023 102.405 20.478 122,883 214,668 I the above results are derived from continuing activities. The charity has no recognised gains or losses, other than the defiot for the above two financial years. The notes on pages 10 to 19 fomi part of the financial ststements.
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION CONSOLIDATED ANO CHARITY BALANCE SHEET BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notss Charl Gro FIXED ASSETS: Tanglble assets 12} 116.531 116.531 130,130 130.130 130.130 130.130 CURRENT ASSETS: Stock Deblors Cash al bank and in hand 8.631 413 40,269 8.690 438 110,485 {3) 37,075 33.019 42.570 102.885 49.313 70.094 119.613 145.435 CREDITORS: Amounts falling dug within one year 14} 42.506 13.034 34.635 8.356 HET CURRENT AsSs 6.807 57,060 84.978 137.079 NET ASSETS 123.338 173.591 215.108 267.209 FUNDS OF THE CHARITY Unrostrletad funds 113) 102.405 153,113 192.157 244,698 Restrlcted lund5 113} 20.478 20.478 22,511 22.511 122.883 173,591 214,668 267.209 Issved share capilal= 455 440 TOTAL CHARITY FUNDS 123.338 173.591 215,108 267,209 The financial Statements were approved and authorised issue by Ihe Board M . oq lol175 And signed on ts beh811 by.. D Fullard Chairm8n Thè noles on pages 10 to 19 form part ol Ihe financial statements.
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 Cash flows from operatlng activities Noles 2023 2022 Cash generated from operations 170.2311 135,2381 Net cash from operating activities {70.2311 135.2381 Cash flows from investing actlvFtles Purchase of tangible fixed assets Movement in share capital (12,2241 127 15 Net cash from investing activities {12.0971 Cash flows from financlng a¢tlviti8s Cash generated from finanang Nel cash from financing activities Decrease In cash and cash oquivalonls Cash and Cash equivalents at boglnnlng ol year 170.2161 110.485 {47,3351 157.820 Cash and cash equivalents at the •nd of the year 12} 40.269 110,485
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE YEAR ENOED 31 MARCH 2023 (11 Rgconciliation of net income to cash generated from operatlons 2023 2022 Net lexpenditurel for the year Depreciation charges (91,7851 13,599 167,3801 14,766 {78,1861 25 59 7,871 152,6141 3.013 15.5171 19,880 Decreasellincrease) in trade and other debtors Oecreasellincrease} in stock In¢reasel{decrease} in trade and other creditors Cash generated from operations {70.2311 135.2381 {21 Cash and cash equlvalgnts The amounts disclosed on the statement of cash flows in respect of cash and cash equivalents are in respect of these slalemenl of financial position amounts= Ygar gnd8d 31 March 2023 31.03.23 01.04.22 Cash and cash equivalents 40.269 110,485 40,269 110,485 Year ended 31 March 2022 31.03.22 01.04.21 Cash and cash equivalents 110.485 157,820 110.485 157,820
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11 ACCOUNTING POLICIES al Basis of accounting Grange Fellowship Community Assoaation is a charity based in the United Kingdom. The address of the principal office is given in the charity inlormation on page 1 of these financial statements. The nature of the charity's operalions and prinapal activities are to support or promote such charitable purposes as the Trustees in their absolute disClI0n detemiine. The charity constitutes a public nerrt entity as defined by FRS 102. The financial statements have been prepared in accordance with the accounting policies sel out in notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and Accounting and Reporting by Charities: Slalement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland published in October 2020. Group a¢¢ounts These financial ststemenls csO11ate the r8SUtts of the charity and its wholty owned subsidiary Grange Community Association Social Club Limited. A separate statement of financial activities for the Charity itself is not presented because Ihe Charity has tsken advantage of the exemptions afforded by paragraph 397 of SORP. The finanrAal statements of the Grange Assoaation Social Club Limited are prepared under the Financial Rep)rting Standard applicable in the UK and Republic of Ireland IFRS 1021. Golng ¢on¢em The charity and its trading am have been significantly impacted by the COVID-19 pandemic. running costs have continued lo increase due lo high inflatK)n as the 'cost of living crisis, continues. The Trustees have prepared forecasts for next 12 months which reFw)rt that both the charity and its trading arm will be in a net cash out flow posits"on. The mMIttee have since implemented plans to reduce overheads in the group. The financial stslements do not include the adjustments that would result if the charity was unable to eonlinue as a gng concern. bl Fund a¢¢ountlng General funds are unrestricted funds which are available at the disLYelion of the trustees in furtherance of the general obieclives of the group and which have nol been designated for other purposes. Restricted funds are funds which are to be used in accordan with specific restrictions imposed by donors or which have been raised by the group for particular purposes. The cost of raising and administering such fijnds are charged against the specific fund. The aim and use of restn.eted funds on projects are set out in the notes lo the financial statements. ¢) In¢om¢ recognlllon l incoming Tesources are induded in the SOFA in the period in which they arise and when the amount can be quantified with reasonable accuracy. 10
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 a) Expenditure recognition Expenditure is recognised on an accruals basis and has been dassified under headings that aggregate all costs related to the category. It is categorised under the following headings.. Other trading activities include5 the subsidiary Expenditure on charitsble activities includes playgroup activities and general expenses Other expenditure represents those items not falling into the categories above. bl Fixed assets Tangible fixed assets are staled al cost. Cost indudes costs direcyy aitributable to making the asset capable of operating as intended. Depreciation is prowded al the following annual rates in order lo write off each asset over its estimated useful economic life: Improvements to property.. Straight line over 16-20 years Plant an(J equipmenl.. 15% reducing balance Fixtures and fittings.. 15 /0 reducing balance Computer equipment.. 33% on cost c) Stock Stock is valued at the lower of cost and net realisable value by an independ8nl professional valuer. d) Leasing commitments Rentals paid undeT okrating leases are charged to the SOFA on a straight line basis over the period of the lease. el Penslon costs and other retirement benefrts The group operates a defined contn"buts"on pensiLN) scheme. contritlI0nS payable lo the group pension scheme are charged lo the prorrt and loss acUnt in the peri(hJ to which they relate to. Relatéd party disclosure The group has tsken advantage of the exemption conlaine(I within kncounting and Reporting by Charities IFRS 1021 and has therelore not disclosed lransath.ons with entities which fomi part of the group. g} Flnancial instruments The group has elecied to apply the provisions of Section 11 'Basic Financial Instruments. of FRS 102 to all of its finanal statements. The group only has financial instruments thal fall within the definilion of a basic financial instrument. Financial instruments are recognised in Ihe group's balance sheet when the charity becomes paty lo the conlraclual provision of the in51rumenl. Deblors and creditors which are financial instruments are reccvJnised initially at transactions pri and subsequendy al settlement valuelrecoverable amount. Financial assets and liabiliti.es are offsel. with the net amounts presented in the financial ststements. when there is a legally enforceable right to sel off the recognised amounts and there is an intention to setde on a net basis or to realise the asset and sewe the liability simultaneously.
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 h) Corporation tax Current tax is recognised al the amount of tsx payaNe using the tax rates and laws that have been ena¢ted or substantively enacted by the balance sheet dale. No liability to UK Corporation Tax arose lor Ihe year ended 31 March 2023 nor for the year ended 31 March 2022. The assocjation is exempt from cOrpatiOn tax on ils charitable activities. 11 Cash at bank Cash and cash equivalent include cash al bank and in hand and short-lemi deposits with a maturity dale of three months w less. j) Grant income The playgroup receives grant fvnding from the local authority and other related organis8tions lo assist with the recruitment and tefition of siaff, and general running costs, in accordance with OFSTED requirements. These grants are included in the restricted funds in the accounts. The tharity has also received other Covhd support govemmenl grants during the year. These grants are recognised in the financial statements using the accruals model. Grants that are received in respect of expenses or losses already incurred by the entity are recjnised in profit and Ioss in the period when the granl becomes receivable. FIXED ASSETS -GROUP AND CHAR Im to rovements ro Plant & ui Fixtures Com ui uter TOTAL COST At 1 April 2022 Additions Disposals 208.607 19.169 33.369 13.335 274.480 Al 31 March 2023 208.607 19.169 33.369 13.335 274,480 DEPRECIATION Al 1 April 2022 Charge for year Eliminated on disposal 92,957 10,544 15.514 23.637 1.960 12.242 540 144.350 13,599 Al 31 March 2023 103.501 16.069 25.597 12,782 157,949 NET BOOK VALUE Al 31 March 2023 105.106 3.100 7,772 553 116.531 Al 31 Mah 2022 115,650 3.655 9,732 1,093 130.130 Atl langible assets are held within the Charity- 12
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 Grou 2023 2022 2022 Charl Grou Other debtors Prepayments Amount due from subsidiary 3.329 272 33.474 4.271 247 38.052 413 438 413 37,075 438 42.570 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 Grou 2023 2022 Grou 2022 Chari Trade creditors Taxation and social security Accnjals and other creditors 16.543 15.434 10.529 2,427 5.635 4.972 18.468 4.863 11.304 1,728 1.719 4.909 42.506 13.034 34,635 8.356 INCOME AND ENDOWMENTS AND INCREASE IN FUNDS- CHARITY ONLY Th8 charity has a wholly owned subsidiary the Grange Community Association Social Club Limited. Profits from the subsidiary are transfrrred to the charity by a Gift donation. A gift aid transfer of £Nil {2022- £Nil) was made in respect of the year. The bar trading results can be seèn in note 6 of the financial statements. as extracted from the audited finanual statements. 13
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 BAR TRADING 2023 2022 Income- Bar tskings Café takings Fruit machine takings 276.536 69,441 24.186 218,060 51,238 14,099 370,163 283,397 Cost of 5ale$- Bar purchases Café purchases Gaming machine rental and licence 1117,867} {35.151) 11.076} 194,9161 125.7041 11.1391 (154.094) 1121,759) GROSS PROFIT 58% 216.069 57% 161,638 Other income: Deposit account inleresl Expenditure: Wages Social security Pension Slocklaking costs Telephonelsky Cleaning materials & laundry Members functions & sundries Accountancy Rent Repair5 & maintenance 160,383 10,957 2,471 2,260 12,662 2,156 10,547 6.565 138,003 8,663 2.313 2,344 10,941 1,696 8.156 6,633 1.298 2.390 209.299 181.139 6.770 {19,5001 Finan¢e costs: Bank charges HMRG interest 4,633 304 3.115 NET PROFITIILOSS} 1,833 122,6151 14
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 STAFF COSTS Totsl stsff costs paid in the year amounted to £306.230 including swal security 01 £18.293 and empkjyer pension contributions of £4,573 12022 - £275.594 including social security of £14.805 and employer pension contributions of £4.0711. Pension contn"butions of £1.029 are outstanding al the yearor*d 12022 - £4091. No trustees. remuneration was paid during the year12022 - £Nill. EMPLOYEES The average number of employees calculated on a fulktime equNalenl basis through the year was.. 2023 Grou 2023 2022 Grou 2022 Secretsry Bar staff Caretaker Playgroup 12 23 22 10 The trading subsidiary also employ5 several p8rt-time staff due to the nattjre of Ihe business. During the year no12022- Nil) indivÈdual employees received emoluments in excess of £60,000. INCOME AND ENOOWMENTS GROUP Charitable activities 2023 Unrestrided Restrirted Funds Funds 2022 Restricted Funds Unre$tri¢tgd Funds Total Total Centre bookings Membership fees Playgroup activities Members functions Interest received Card machine Good companions Sundry income 6.524 4.194 110.128 1.605 6,524 4,194 110.128 1.605 2.114 1.038 118.542 195 2.114 1,038 123.493 195 4,951 25,792 25.792 23.539 23,539 518 32,121 306 518 300 300 32,121 148.627 3( 148,933 177,560 5,469 183.029 15
GRANGE FELLOWSHIP COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ANALYSIS OF CHARITABLE ACTMTIES AND OTHER COSTS GROUP 2023 2022 Unr8stricted Restricted Funds Funds Unrestricted Restricted Funds Funds Totsl Total Playgroup activities Good companions Card machine Memberfs entertairbmenl Management and admin expenses Inote111 117.486 1.170 1.169 118,656 1.169 30,801 1.008 76.998 113,324 2,131 368 115.455 368 23,600 757 30.801 1,008 76.998 23.600 757 72,532 72,532 226,293 2,339 228.632 210,213 2,499 212.712 10. OTHER 2023 2022 Unrestrlct8d Restricted Funds Funds Unrestricted Restricted Funds Funds Total Total Bank Charges Depreciation- improvements lo propety Depreciation- plant and equipment Depreciation- fixtures & fittings Depreciation- computer equipment 320 320 314 314 10,544 10.544 11,438 11,438 555 555 561 561 1,960 1,960 2.128 2,128 540 540 641 641 13,919 13.919 15.082 15,082 16
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 MANAGEMENT AND ADMINISTRATION EXPEt4SES 2023 2022 Unrestricted Restricted Funds Funds Unv¢$trl¢t8d Fund$ Restricted Funds Tolal Total Other operating leases Wages So¢ial Security Pension Accountancy Rales, heal. light and seNice charges Cleaning & laundry Professional fees Repairs & maintenance 1.804 29.606 2.319 607 4.600 19.081 1.804 29.606 2,319 607 4.600 19,081 1.675 28.196 2,123 405 4.500 14,587 1.675 28,196 2,123 4L)S 4,500 14,587 3.807 3.807 3.716 3,716 4,021 4.021 6.267 6,267 Telephone Printing & postsge Insuran 1.052 4,099 2,761 3.241 76.998 1.052 4,099 2,761 3,241 .998 1.071 2,895 2.832 3.481 1,071 2,895 2.832 3,481 Sundry expenses 17
GRANGE FELLOWSHIP COMMUNITY ASSOCIAnON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. CHARITABLE EXPENDITURE INCLUDES: 2023 Grou 2023 Chari 2022 2022 Charit Audit and independent examiners fee Accountancy. taxation and other servicEs Depreciation Operating lease paymellts 9.165 2,000 13.599 1.803 3.600 1.000 13.599 1,803 8.133 2,500 2.000 1,000 14.766 14,766 1.675 1,675 26.567 20,002 26,574 19,941 13. FUNDS OF THE CHARrrY Group At 1 Aprfl Income & 2022 Endowments Ex At 31 March 2023 nditure Transfers Unrestricted funds 192.157 518.790 {608.542) 102.405 Restricted funds: Tiny Hands G(M)d Companions 19,704 2.807 11,1701 11.1691 18,534 1,944 306 Total rèstricted funds 22.511 306 {2.3391 20,478 Total Funds 214,668 519.096 {610.8811 122.883 18
GRANGE FELLOWSHIP COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. CONTROLLING PARTY The Grange Fellowship Community ASsclation is controlled by the management committee. 15. ANALYSIS OF ASSETS BETWEEN FUNDS Group Unrestricted Restricted Funds Funds 2023 2023 Total 2023 Fund balances at 31 MaKh Are presented by: Fixed assets Current assets Current liabilities 116,531 28,380 {42.506} 116.531 48,858 142.5061 20,478 102,405 20.478 122,883 Group Unrestricted Restricted Funds Funds 2022 2022 Total 2022 Fund balan¢e$ at 31 March Are presented by: Fixed assets Current assets Current liabilbties 130.130 96,662 134,6351 130,130 119,173 134,6351 22.511 192.157 22,511 214,668 16. TRUSTEES EXPENSES The truslees received expenses tolalling £Nil during the year12022: £Nill. 17. RELATED PAR TRANSACTIONS The following related paty transaclions have been identified. During the year. certain members of Mr R Keeble's family. received remuneration from the charity. Mr R Keeble is a trustee of the charity. These were as follows: Ms H Keeble Idaughterl £38,55612022.. £36,808) Mrs K Keeble Iwifel £12,64712022= £12.0761 Mrs S Herbert Isisterl £NIL12022.. £7.328} Key management personnel durirkg the year was considered to be Ms J Atkins. The total remuneration paid to key managemenl totalled £39,771 12022= £37,4781. 19