WESTMINSTER PARK COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS
31 DECEMBER 2021
Charity Number: 503204
BAKEWELL ACCOUNTANCY SERVICES
Chartered Accountants
WESTMINSTER PARK COMMUNITY ASSOCIATION
31 DECEMBER 2021
Contents
| Page | |
|---|---|
| Legal and administrative details | 1 |
| Trustees’ report | 2 |
| Independent examiner’s report | 4 |
| Receipts and payments account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes | 7 |
1
WESTMINSTER PARK COMMUNITY ASSOCIATION
LEGAL AND ADMINISTRATIVE DETAILS
31 DECEMBER 2021
| Charity registration number | 503204 |
|---|---|
| Council | Phil Williamson Chairman |
| Martin Amesbury Secretary | |
| Russell O Neill | |
| Simon Rostron | |
| Mark Woodall | |
| Holding Trustees | Paul Adamson |
| Paul Rostron | |
| Cliff Tomlinson | |
| Principal address | Westminster Park Community Centre |
| Five Ashes Road | |
| Westminster Park | |
| Chester | |
| CH4 7QS | |
| Bankers | Barclays Bank |
| 30 St Werburgh Street | |
| Chester | |
| CH 1 2DY | |
| Independent examiner | Sharon Bakewell |
| Bakewell Accountancy Services | |
| 4 Coed Terfyn | |
| Penymynydd | |
| Chester | |
| CH4 0XB |
2
WESTMINSTER PARK COMMUNITY ASSOCIATION TRUSTEES’ REPORT
31 DECEMBER 2021
The Council present their report and the financial statements for the year ended 31 December 2021. The financial statements have been prepared on a receipts and payments basis and comply with the charity’s trust deed.
Constitution and object
The charity was constituted on 4 March 1971 and is a registered charity no: 503204. The object of the charity is to provide a community centre for the use of local residents.
Trustees
The affairs of the Association are managed by the Council of the Association who are listed on page 1 together with the Holding Trustees. The officers of the Council are elected at the Annual General Meeting.
Review of activities in the year
The Covid Crisis limited the operations of the Association throughout 2021 and adhering to the Government’s guidelines our doors were closed until the middle of May. Following this we restricted the use of the premises in accordance with ongoing Government Advice and guidelines. The Community Centre is used as a meeting place for various activity groups and organisations as well as a local venue for private functions -it also supports such activities as a Bridge-Club, Dance classes, keep fit groups, Weightwatchers, martial arts training, pre-school nursery and the Christian Family Church Group. A number of private functions are usually accommodated including the Residents Association, Rotarians for fund raising and a tennis club.
The Open Days and the Christmas and New Year Celebrations were all held this year, again in compliance with the advice and on a somewhat limited basis.
The Government’s Job Retention scheme enabled us to retain all the staff at the beginning of the year and volunteers from the membership came forward to assist in the maintenance of the premises. We look forward to when things can return to normal.
Reserves policy
It is the policy of the Trustees to maintain unrestricted reserves at a level to cover 6 months expenditure, which equates to approximately £30,000 plus a designated building maintenance fund of £18,000 to be used for major works when required . At 31 December 2021 unrestricted reserves had increased to £54,317. Funding has been received post year end from the local authority which will help build up reserves over the next 12 months.
Risk management
The Trustees have reviewed the principal areas of the charity’s operations and considered the major risks in each of those areas. In the opinion of the Trustees, the Association has resources and review systems in place which, under normal circumstances, should allow the risks to be mitigated to an acceptable level in its day to day operation
3
WESTMINSTER PARK COMMUNITY ASSOCIATION
TRUSTEES’ REPORT
31 DECEMBER 2021
Statement of Trustees’ responsibilities
The Trustees’ are required under charity law to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year.
In preparing these financial statements we are required to:
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select suitable accounting policies and apply them consistently
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make reasonable and prudent judgements and estimates
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
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prepare the financial statements on a going concern basis unless in our view the charity will be unable to continue in business
We are also responsible for:
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keeping proper accounting records
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’
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- safeguarding the charity s assets
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taking reasonable steps for the prevention and detection of fraud
On behalf of the Council
............................................... Phil Williamson - Chairman
16 March 2022
4
WESTMINSTER PARK COMMUNITY ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS OF WESTMINSTER PARK COMMUNITY ASSOCIATION
I report on the financial statements of Westminster Park Community Association for the year ended 31 December 2021, which are set out on pages 5 to 7.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records.
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.
............................................................... Sharon Bakewell ACA Bakewell Accountancy Services
16 March 2022
5
WESTMINSTER PARK COMMUNITY ASSOCIATION
RECEIPTS AND PAYMENTS ACCOUNT
for the year ended 31 December 2021
| Total Unrestricted Funds 2021 Total Restricted Funds 2021 £ £ RECEIPTS Bar Sales 25,587 - Machines 3,207 - Centre Hire 11,065 - Subscriptions 105 - Socials 285 - Grants 17,334 - Coronavirus Job Retention Grant - 4,091 Invesment Income 5 - Total Receipts 57,588 4,091 PAYMENTS Bar Purchases 14,664 - Bar Wages 13,518 4,091 Stock checks 430 - Machine Licence 50 - Socials 767 - Miscellanous licences 339 - Rent, Rates, Water 887 - Heat and light 2,701 - Insurance 1,122 - Security 299 - Telephone 991 - Cleaning Materials and wages 7,872 - Repairs and maintenance 332 - Darts League 90 - Capital Equipment - - Miscellanous 851 - Card fees 7 - Accountancy 275 - Machine Gaming Duty 646 - Total expenditure 45,841 4,091 Net receipts over payments 11,747 - Cash funds brought forward 42,570 - Cash funds carried forward 54,317 - |
Total Funds 2021 Total Unrestricted Funds 2020 £ £ 25,587 20,505 3,207 3,179 11,065 5,520 105 790 285 100 17,334 - 4,091 3,669 5 30 61,679 33,843 14,664 13,543 17,609 16,076 430 200 50 50 767 250 339 721 887 995 2,701 2,942 1,122 1,995 299 299 991 905 7,872 7,278 332 852 90 - - 445 851 552 7 - 275 275 646 663 49,932 48,041 11,747 (14,198) 42,570 56,768 54,317 42,570 |
|---|---|
6
WESTMINSTER PARK COMMUNITY ASSOCIATION
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2021
| Cash funds: Cash at bank and in hand Credit card Assets retained for the charity’s own use: Fixed Assets –Net Book Value Stock Debtors Liabilities Other taxes and Social Security Accruals |
Total Funds 2021 £ 55,222 (905) 54,317 2021 £ 8,482 1,790 1,430 ____ 11,702 469 1,521 1,990 |
Total Funds 2020 £ 42,570 - 42,570 2020 £ 9,667 1,561 2,859 ____ 14,087 442 2,335 2,777 |
|---|---|---|
The financial statements were approved by the Council on 16 March 2022 and signed on their behalf by:
………………………………………….. P Williamson - Chairman
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WESTMINSTER PARK COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
31 December 2021
1 Accounting policies
Basis of accounting
The financial statements have been prepared on a receipts and payments basis and in accordance with applicable accounting standards.
2 Employees remuneration
| Employees remuneration | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Total wages (including cleaner) | 23,426 | 21,438 |
No trustees have received or are due to receive any remuneration in the year.