EASTCOTE COMMUNITY ASSOCIATION
## FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2022
REGISTRATION NO: 303077
EASTCOTE COMMUNITY ASSOCIATION
Index to the Financial Statements For the year ended 31 March 2022 PAGE Administration 1 Examiners Report 2 and 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Accounts 6 and 7
Page 1
## EASTCOTE COMMUNITY ASSOCIATION
## LEGAL AND ADMINISTRATION
Charity Registration No: 303077 Correspondence address: Mr Peter Thomas Eastcote Community Centre Southbourne Gardens Eastcote Middlesex HA9 0SQ Trustees: Mr Peter Thomas - Chairman Mr Brian Atkinson Mr Brian Page Bankers: Barclays Independent examiner: Sarah Meads 5 Agase Way Brooklands Milton Keynes MK10 7LG
Page 2
EASTCOTE COMMUNITY ASSOCIATION
## TRUSTEES' RESPONSIBILITIES
## FOR THE YEAR ENDED 31 March 2022
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s activities during the year and of its financial position at the end of the year. ln preparing financial statements giving a true and fair view, the trustees should follow best practice and
- Select suitable accounting policies and then apply them consistently.
- Make judgements and estimates which are reasonable and prudent.
- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any 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 operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them both to ascertain the financial position of the charity and to ensure that the financial statements comply with applicable law, regulations and trust deeds. 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.
.
Page
Inde
endent Examlners Re
ort to the trustees of East¢ote
rnmunl
Associatlon
Res
ertive res
onsibilities of trustees and examiner
The charity's trustee5 are responsible for the preparation of the accounts. The Charitys trustees
consider that an audit is not required for the 2022 Year End lunder Section 144121 of the Charities
Act 20111 and that an independent review of the prepared accounts is required.
I have been requested to examine the accounts under Section 145 of the 2011 Art, follow the
procedures set out in the General Directions given by the Charity Commission (under Section
14515llbl of the 2011 Act) and to advise whether any matters have come to my attention.
Inde
endent Examinerfs Re ort
My examination was carried out in accordance with the General Direttions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those rettlrds. It also includes consideration of any
unusual items or disclosures in the accoLrnt5. The procedures undertaken do not provide all the
evidence that would be required of an audit. and consequently no opinion is given as to whether the
accounts present a 'true and falr Vie and the report 15 limited to those matters set out in the
Statements below.
Inde
endent Examin
s Statement
In connection with my examination, no matter has come to my attention:
11 Which gives me reasonable cause to beliève that, in any material respect. the requirements
to keep accounting records in accordance with Section 130 of the 2011 Act. and
to prepare account5 With accord with the accounting records and to compty with the
accounting requirements of the 2011 Art
have not been met: or
2} to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Sarah Meads (Examiner)
5 Agase Way
Brooklands
Milton Keynes
MK107LG
Page 4
Eastcote Community Association **Statement of Financial Activity**
||2021/22|2020/21|
|---|---|---|
|**Receipts**|||
|Membership|185.00|1822.00|
|Hall usage|||
|Sections|5431.25|0.00|
|Const. Bodies|3270.25|543.00|
|Private Hire|22069.25|10360.75|
|Deposits|0.00|0.00|
|Donations|0.00|0.00|
|Bank Interest|20.58|35.53|
|Other|0.00|0.00|
|Section funds|6.96|0.04|
|Grant|14200.00|41936.00|
|**Total Income**|**45183.29**|**54697.32**|
|**Payments**|||
|Cleaning|20457.87|16345.92|
|Maintenance|2767.14|16100.82|
|Eqp and Repairs|0.00|210.00|
|Staff costs|16278.00|16248.00|
|Office & stationery|147.64|55.11|
|Phone & Postage|478.12|457.92|
|Utilities|5870.03|5578.43|
|Gardening|800.00|500.00|
|Rent|7132.00|3780.00|
|Insurance|2758.86|2724.89|
|Accountancy|100.00|100.00|
|Other|30.00|0.00|
|Deposits refunded|0.00|0.00|
|Sections Expenses|909.68|85.23|
|**Total expenditure**|**57729.34**|**62186.32**|
|Receipts less payments|-12546.05|-7489.00|
Page 5
Eastcote Community Association **Balance Sheet**
||||**31/03/2022**||
|---|---|---|---|---|
|Barclays Current Account|||12416.33||
|Petty Cash|||45.77||
|Barclays Deposit Account|||34145.24||
|Scottish Widows Account|||17187.17||
|Debtors and Prepayments|||1528.24||
|||||65322.75|
|Less|||||
|Creditors|||3884.06||
|||||-3884.06|
|||||**61438.69**|
|**Accumulated Fund**|||||
|Balance @ 1-4-21||73984.74|||
|Plus Excess of Income over Expenditure||-12546.05|||
|Balance carried forward @ 31-3-22||**61438.69**|||
|**Consisting of**|||||
|General Fund||50836.62|||
|Major Project Fund|||||
|Section Funds||9502.07|||
|Deposits||1100.00|||
|||**61438.69**|||
|**Section Funds**|||||
|Bowls|3152.47||||
|Bridge|950.19||||
|Dance Fitness|0.00||||
|Floral Art|266.36||||
|Keep Fit|1928.93||||
|Machine Knitting|409.17||||
|Modern Sequence|0.00||||
|Painting for Pleasure|288.00||||
|Table Tennis|680.09||||
|Tiny Oaks|49.23||||
|Yoga Tuesday|303.00||||
|Yoga Beginners|-18.00||||
|Yoga Thursday|550.05||||
|Yoga PM|942.58||||
|Yoga Friday|0.00||||
9502.07
Page 6
EASTCOTE COMMUNITY ASSOCIATION
## Notes to the Accounts
For the year ended 31 March 2022
## 1. Accounting Policies
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments, and are in accordance with applicable accounting standards, and the Charities Accounting Statement of Recommended Practice (SORP). There have been no changes in the accounting policies.
- a) All grants and voluntary income are accounted for gross when receivable, provided they are capable of financial measurement. This includes gifts in kind, included at estimated valuation.
- b) All expenditure is accounted for gross and when incurred.
- c) Direct charitable expenditure includes the direct costs of the activities.
- d) Support costs comprise service costs incurred centrally in support of the work.
## 2. Debtors
|Due within one year
Debtors
Prepayments
3. Creditors – Amounts falling due within one year
Accruals
Deferred income|2022
2021
£
£
1528
1505|
|---|---|
||1528
1505|
||2022
2021
£
£
3643
293|
||3643
293|
Page 7
## EASTCOTE COMMUNITY ASSOCIATION
Notes to the Accounts (continued)
For the year ended 31 March 2022
## **4. Analysis of Net Assets between Funds**
|**Funds**
**at 31 March**
**2021**
**are**
**represented**
**by**
Current
assets
Current
liabilities
**Total Net**
**Assets**|**General**
**Major**
**projects**
**Sectio**
**n**
**Deposit**
**s**
**Total Funds**
**Fund**
**Fund**
**Funds**
**2022**
**£**
**£**
**£**
54480
9502
1100
65082
3643
3643|**Comparative**
**Total**
**2021**
74278
293|
|---|---|---|
||50837
9502
1100
61439|73985|
## **5. Trustees’ Expenses**
During the year one trustee received a total of £65.85 for reimbursement of expenses. The figure of £65.85 includes all reimbursements to trustees in respect of legitimate and agreed expenses.
## **6. Tax Status**
The charity is an exempt approved charity in accordance with the Income and Corporation Taxes Act 1988.